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Argentina: Nationalize Controlling Interest in Repsol-YPF

Argentina: Proposal to Nationalize Controlling Interest in Repsol-YPF

Taken Question

Office of the Spokesperson

Washington, DC

Question Taken at the April 16, 2012 Daily Press Briefing

April 16, 2012

________________________________________

QUESTION: Has the United States filed a WTO complaint against Argentina for plans to nationalize Spanish/U.S.-owned oil company YPF?

ANSWER: We are aware that Argentine President Cristina Fernandez de Kirchner proposed a draft law to nationalize a controlling interest in oil energy company Repsol-YPF. We are following developments on this issue. We are not currently aware of any WTO complaints related to this issue.

ENDS

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