Argentina to seize control of oil company - Americas - Al Jazeera English
Argentinian President Cristina Fernandez de Kirchner has unveiled plans to seize control of the country's biggest oil company YPF, owned by Spain's Repsol, provoking an angry response from Madrid.
The announcement on Monday drew swift warnings from key trade partners, who said that relations with Buenos Aires would be damaged by the move.
YPF has been under intense pressure from Kirchner's centre-left government to boost production, and its share price has plunged due to months of speculation about a state takeover.
Kirchner said the government would ask Argentina's senate, where her party controls a majority, to approve a bill to expropriate a controlling 51 per cent stake in the company by seizing shares held exclusively by Repsol, saying energy was a "vital resource".
"If this policy continues - draining fields dry, no exploration and practically no investment - the country will end up having no viable future, not because of a lack of resources but because of business policies," she said.
Spain denounced the "hostile" move and warned that it would take "clear and forceful measures" in response. Argentina to seize control of oil company - Americas - Al Jazeera English
Three Grad rockets were fired Wednesday, towards Ashkelon, from Gaza Strip. Two landed in open areas near the city and another landed in the nearby Hof Ashkelon region. No injuries or damage was reported.
U.S. military action against Syria would carry the risk of inadvertently hitting a chemical weapons site, President Barack Obama told to PBS television in an interview on Monday.
"Have we mapped all of the chemical weapons facilities inside of Syria to make sure that we don't drop a bomb on a chemical weapons facility that ends up then dispersing chemical weapons and killing civilians, which is exactly what we're trying to prevent?" AFP news agency quoted Obama as saying during the interview.
Obama further expressed skepticism over whether setting a no-fly zone or waging a major military offensive against Damascus would save lives or change balance of power on the battlefield.
Supporters of a bold intervention in Syria failed to understand the complexity of the situation as there is no one simple solution, Obama said. "If you set up a no-fly zone, that you may not be actually solving the problem," he added.
Saudi Arabia, a staunch opponent of President Bashar Assad since early in Syria' conflict, began supplying anti-aircraft missiles to rebels "on a small scale" about two months ago, a Gulf source said on Monday.