Argentina to nationalise YPF

　　Argentina has announced plans to renationalise YPF, its biggest national oil company, ousting the Spanish group Repsol as majority shareholder and prompting a furious row with Madrid.

　　阿根廷宣布计划，拟将该国最大石油公司YPF重新国有化，这将剥夺西班牙集团Repsol的大股东身份，引发与西班牙政府的激烈争论。

　　In a dramatic move likely to have sweeping investor and diplomatic fallout, Cristina Fernández, Argentina’s president, sent a bill to Congress yesterday to put 51 per cent of YPF in state hands. A visibly angry Ms Fernández made the announcement on live television to a cheering audience at the government palace.

　　这一戏剧性的举动可能在投资者圈子和外交层面中产生广泛的冲击波。阿根廷总统克里斯蒂娜•费尔南德斯(Cristina Fernández)昨日向国会提交议案，拟由政府持有YPF 51%的股权。在电视直播中，神情明显愤怒的费尔南德斯在政府大楼向欢呼的观众宣布了该计划。

　　The government said YPF had been failing to invest in the sector, forcing Argentina to pay more than $9bn to import fuel last year.

　　阿根廷政府表示，YPF未能投资于油气行业，迫使阿根廷去年支付逾90亿美元进口燃料。

　　Rejecting criticism from Spain, Ms Fernández said: “This president is not going to answer any threat, is not going to respond to any sharp re-mark, is not going to echo the disrespectful or insolent things said. I am a head of state and not a hoodlum,”’ she told business, union and political leaders in the audience.

　　费尔南德斯拒绝接受西班牙的批评，她表示：“这位总统不会答复任何威胁，不会对任何尖锐言论做出反应，不会呼应不恭或无礼的话。我是一个国家首脑，不是一个无赖，”她对观众中的企业、工会和政治领导人说道。

　　YPF’s shares fell as much as 21 per cent in New York, while trading in its shares in Buenos Aires was halted after they dropped 2.4 per cent. The move triggered political outrage in Spain and the European Union, and is expected to lead to a flood of legal challenges. Repsol had been expected to lose half its 57.43 per cent stake, not virtually its entire stake.

　　YPF在纽约的股价下挫21%，在布宜诺斯艾利斯上市的股票在下跌2.4%后停牌。此举引发了西班牙和欧盟(EU)的政治不满，同时预计将带来大量法律挑战。预计Repsol将失去现有57.43%股权的一半，而非全部股权。

　　The nationalisation of YPF would be the biggest in the natural resources industry in recent years after the seizure of Yukos by the Russian government in the early 2000s. The 51 per cent of YPF has a market value of around $5bn, according to analysts’ estimates.

　　在本世纪初尤科斯(Yukos)被俄罗斯政府收归国有后，YPF国有化将成为最近几年自然资源行业规模最大的国有化事件。根据分析师的估计，YPF 51%的股权的市值在50亿美元左右。