Little more than a year ago President Cristina Fernandez de Kirchner announced the nationalisation of ypf, an oil company owned by Spain's Repsol. Ms Fernandez called it a victory for "energy sovereignty", claiming that Repsol had plundered its Argentine holding for quick profits without investing in exploration or development. But on July 16th, after a year in which ypf's oil and gas production continued to disappoint, the government announced that it had agreed on a big joint venture between ypf and a different foreign oil giant, Chevron.
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机译：一年多前，总统克里斯蒂娜·费尔南德斯·德·基希纳（Cristina Fernandez de Kirchner）宣布了ypf的国有化，这是西班牙雷普索尔（Repsol）拥有的一家石油公司。费尔南德斯女士称这是“能源主权”的胜利，声称雷普索尔（Repsol）掠夺了其在阿根廷的股份以获得快速利润，而无需投资勘探或开发。但是在7月16日，在ypf的石油和天然气产量持续令人失望的一年之后，政府宣布了ypf与另一家外国石油巨头雪佛龙之间的大型合资企业的协议。
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