U.S. Judge Orders Argentina to Give Up Control of State Oil Firm ...Middle East

A U.S. judge has ordered Argentina’s government to transfer its 51% stake in energy major YPF to two former minority shareholders who sued after the nationalization of the company. Back in 2012, Argentina seized 51% of YPF from its owner, Spanish Repsol. But YPF also had two smaller shareholders, Petersen Energia Inversora and Eton Park Capital, Reuters recalls in a report on the new ruling. These two sued in the United States, and in 2023, District Judge Loretta Preska ruled in favor of the plaintiffs, ordering Argentina to pay damages worth…

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