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Repsol, Argentina Settle Energy Fight

Wall Street Journal Original article ›

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Spain's Repsol accepts $5 billion in a settlement with Argentina for its stake in YPF nationalized by the government. Argentina will pay Repsol dollar denominated bonds with market value of at least $4.67 billion. Repsol can sell the debt at any time.

Argentina's nationalization of Repsol YPF, the country's oil company privatized in the 1990's

04/16/2012

Argentina's president Kirchner said this was a "return of sovereignty and control" for Argentina over the country's oil assets.

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