Updated on Thursday, 4March2021-01: 21

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Things are not always what they initially seem.

In 2012, Repsol's expropriation of 51% of its YPF subsidiary made the then Argentine president, Cristina Fernández de Kirchner, the center of all criticism in Spain.

Nine years later, perhaps the oil company should thank the current vice president and her then economy minister, Axel Kicillof, because

YPF is worth less than ever and is in serious financial difficulties.

The figures are staggering.

Buenos Aires sent Madr

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