Repsol files complaint over YPF

Spanish oil major Repsol yesterday filed a complaint against Argentina at the World Bank’s international arbitration forum over the government’s expropriation this year of Repsol’s controlling stake in YPF. Argentine President Cristina Fernandez nationalised YPF, the country’s biggest energy company, in May, accusing Repsol of slack investment to boost output at a time of growing demand.