Vice-President Amado Boudou backed today President Cristina Fernández de Kirchner’s plans to seize control of YPF oil and gas company.
Buenos Aires stocks fell today, with the Merval benchmark stock index moving down by 3.3 percent to 2,378.52 points. Yesterday, the leading panel of stocks dropped by 1.7 percent.
Following last Thursday’s night’s uncertainty, a decisive President Cristina Fernández de Kirchner yesterday unveiled plans to seize control of YPF.
Chile will back state oil and gas company ENAP after Argentina moved to expropriate Repsol's controlling share of the country's leading energy company YPF, Finance Minister Felipe Larrain said on Tuesday.