From daily The Morning Star in Britain:
Hague slams plans to nationalise oil company
Wednesday 18 April 2012
William Hague complained today about the Argentinian government’s plans to nationalise a Spanish-controlled oil and gas company.
Hot on the heels of Britain’s hostile rhetoric over the Falkland Islands, the Foreign Secretary attacked President Cristina Fernandez’s draft Bill to take over the YPF as part of a wider “protectionist” agenda.
Ms Fernandez has said she will nationalise a large part of the country’s biggest oil company, which will see Spain’s Repsol stake reduced from 57 per cent to 6 per cent, as part of efforts to curb massive fuel price rises.
Mr Hague said the move would “undermine Argentina’s economy by reducing its attractiveness to international investors.”
He added that Britain would work with Spain and the EU to stop the plans.
The announcement has drawn a furious response from Madrid which has threatened trade and diplomatic reprisals.
BUENOS AIRES, Apr 18, 2012 (IPS) – One of the big challenges facing the Argentine government in its plans to regain state control of the country’s biggest oil firm, YPF, is to make up for the time lost under private management, when production and exploration fell: here.
Video: Argentinian Falklands advert attracts UK ire: here.