26/04/2012 | Argentina
The Upper House passed Repsol-YPF’s expropriation bill late last night after debating for more than 15 hours. With 63 votes in favour, 3 against and 4 abstained from voting, Senators passed the bill sent to Congress by President Cristina Fernández de Kirchner that calls for the expropriation of 51 percent stake in YPF oil and gas giant, which are currently held by Spain-based energy company Repsol. Now the bill will be sent to the Lower House for final approval next week.