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Originally Posted by Dhomochevsky
Well, they tend to go for industries extracting natural resources.
This is understandable in a way. If you look at western nations, then it's either the nations themselves, or local industries that get to extract natural resources. Same with OPEC.
To let a foreign company make a profit off the nation's limited resources seems like a bad idea.
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Um, how do you attract foreign investments if you don't let them make profits? You make it sound like almost a crime to make profits off natural resources in another country. Do you actually have data showing Repsol doing more harm than good to Argentina?
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Of course, those foreign companies bought their claim to those resources at some point. But typically with those deals, both the individuals in power at the time and the buyers make a huge profit, while the country in general gets screwed. That makes reversing those deals a popular choice for politicians (personal bonus points if they can sell them again later on  ).
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"Typically" eh? Can you link me to some news article suggesting wrongdoing in Repsol's purchase of YPF shares?