Argentina gov’t seizes another gas company owned by Repsol


AFP

BUENOS AIRES — Facing intense criticism over the nationalization of its biggest oil firm, Argentina on Thursday ordered the seizure of YPF Gas, another group controlled by Spain’s Repsol, a move expected to further inflame tensions. In a case that has sparked fears of a new wave of expropriations, a statement published in the official gazette said the Argentine government was declaring YPF Gas a public utility and taking 51 percent of the shares. YPF Gas is not technically part of the YPF oil group ordered nationalized this week, leading to global condemnation, but a separate company.