The Argentine Congress Passed a Law on YPF’s Expropriation

Protesters Were Outside the Congress in Demonstrations of Support and Opposition to the Measure

The Argentine Congress approved on Thursday the government bill to expropriate YPF, now 51% of Repsol’s expropriated shares shall be divided between the state and the oil provinces, who will assume the remaining 49%.

The Chamber of Deputies approved the measure by 207 votes in favor, 32 against and 6 abstentions, after a journey that began on Wednesday.

According to national news agency of Argentina, Telam, the initiative states of, “public utility” and as “prior objective” achieving self-sufficiency in oil and its exploitation, industrialization, transportation and marketing. (ARL)