Aníbal Fernández: 'We won't pay what the main responsible for looting YPF says'

Kirchnerite Senator Aníbal Fernández assured today that the government “will pay what YPF truly worth, and not what Repsol’s chairman [Antonio Brufau] wants.”

Likewise, Fernández accused Brufau of being “the main responsible for the looting and depredation of YPF.”

The Senator also explained that the compensation plan is not contemplated in the expropriation draft bill that will be debated this Wednesday at the Senate since the company’s valuation “will be conducted by the technical staff of Argentina’s Valuation Court.”

Furthermore, Fernández added “No matter how hard they try to demonstrate the alleged investments they made, they’ve done none. The exploration was null as well, while the oil and gas production dropped significantly. We lost oil and gas reserves, the company duplicated its debt while the share dividends paid were outrageous.”

To end, the former Cabinet Chief remarked that “neither Spain nor the European Union should take reprisals against Argentina, and/or question Argentina’s legal security without noting that the possibility of expropriating a company is contemplated in the National Constitution, and as a matter of fact it’s also included in the Spanish Constitution.”