Overview

• In an LN+ interview, Axel Kicillof said he would repeat the 2012–13 recovery of 51% of YPF, calling it a brave decision necessitated by steep production declines and an energy shortfall under Repsol.
• He argued the measure was lawful under Argentina’s expropriation framework with 208 deputies’ approval and said Repsol was compensated, asserting the current dispute arises from minority claims later bought by Burford for about $15 million.
• Kicillof disputed the New York court’s jurisdiction even as Judge Loretta Preska’s ruling orders Argentina to pay more than $16 billion or transfer 51% of YPF shares.
• The case remains on appeal in the U.S. Second Circuit with enforcement administratively stayed, leaving a sizable contingent liability on Argentina’s finances.
• Leveraging his provincial victory, Kicillof elevated his national profile and attacked President Javier Milei’s economic program as misleading and recessionary.