Argentina’s YPF move raises political risk fears

Cristina Kirchner - president of Argentina
Cristina Kirchner, president of Argentina

Argentine president Cristina Kirchner shocked the global energy industry last month by announcing plans to nationalise the country’s largest oil and gas firm, YPF, through the expropriation of a majority stake from Spain’s Repsol. Meanwhile, US oil major Chevron has been embroiled in a legal battle with the Brazilian authorities over a relatively small offshore oil spill. The developments have raised concern in some quarters about a fresh wave of petro-nationalism in Latin America. But analysts

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