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Latin American News Photos

Argentina's Congress approves $5B Repsol indemnity

FILE - In this April 25, 2012 file photo, supporters of an oil nationalization bill proposed by Argentina's President Cristina Fernandez wave flags that read in Spanish "Fight and return YPF" outside Congress as senators debate the bill in Buenos Aires, Argentina. Argentina’s government is hoping to have an easier time attracting international investors to exploit its oil and gas fields now that its Congress has agreed to pay Grupo Repsol $5 billion for the Spanish company’s controlling stake in the YPF oil company. President Cristina Fernandez nationalized the company two years ago without paying anything beforehand to Respsol, which had demanded $10.5 billion in compensation. The deal was approved early Thursday, April 24, 2014. (AP Photo/Natacha Pisarenko, File)

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