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Argentina's congress approves $5bn Repsol compensation
Argentina's congress has given final approval to pay the Spanish oil giant Repsol $5bn (£3bn) in compensation for the nationalisation in 2012 of its stake in Argentine oil firm, YPF.
After a marathon 16-hour session, the Chamber of Deputies passed the settlement plan by 135 votes to 59.
The deal is seen as crucial in helping Argentina attract foreign investment in its shale oil and gas reserves, which are among the world's largest.
It has already been approved by Repsol.
http://www.bbc.co.uk/news/world-latin-america-27141955
After a marathon 16-hour session, the Chamber of Deputies passed the settlement plan by 135 votes to 59.
The deal is seen as crucial in helping Argentina attract foreign investment in its shale oil and gas reserves, which are among the world's largest.
It has already been approved by Repsol.
http://www.bbc.co.uk/news/world-latin-america-27141955
Down from the initial demand by Repsol for $10bn.
