Argentina moves to take over Repsol's YPF BUENOS AIRES - Argentina's government said on Monday it will present a bill to the Senate aimed at taking control of the country's biggest oil company, YPF, which is controlled by Spain's Repsol. The bill would allow the government to expropriate 51 per cent of YPF shares. Forty-nine per cent of those shares would be put in the hands of oil-producing provinces. The move prompted immediate outrage from Spain, where the ruling party said it would defend its national interests. "The government has to decide on its response, but I don't have the slightest doubt that it will be the most appropriate response to defend national interests and Spanish interests and a sufficient and complete response to defend the interest of Spanish companies in Argentina," said the general secretary of Spain's ruling party, Maria Dolores Cospedal, speaking at a news conference. More follows.