Argentina Threatens to Sanction Oil Projects Around Falklands
The probe targets companies, investors and service providers tied to offshore exploration as Buenos Aires steps up pressure over sovereignty claims.
- President Javier Milei announced Argentina will sanction 45 entities allegedly involved in unauthorized hydrocarbon exploration around the Malvinas Islands, aiming to enforce Argentine law against companies operating in disputed waters.
- Milei's decision follows his Thursday speech declaring "favourable winds of change" were blowing for Argentina's sovereignty claim, and President Donald Trump's Monday hint regarding a potential shift in US neutrality over the archipelago.
- The 45 targets include British license holders Navitas Petroleum Development and Production Limited and Rockhopper Exploration, plus Canadian firm JHI Associates, with most entities linked to the Sea Lion oil project north of the islands.
- British Defence Secretary Wes Streeting asserted on Friday that the islands "are British and will remain so" because that reflects the overwhelming wish of their inhabitants, calling Britain's commitment "unshakeable."
- Located 460 kilometres off Argentina's coast, the Malvinas were the scene of a 1982 war that ended after 74 days of fighting, claiming 649 Argentines and 255 Britons, reflecting the long-standing sovereignty tensions.
22 Articles
22 Articles
Radio France Internationale
Argentina threatens to sanction oil projects around Falklands
Britain and Argentina fought a 10-week war in 1982 over the South Atlantic islands, a British overseas territory that Argentines call Las Malvinas. Argentina's presidency said in a statement Friday that it had ordered the opening of proceedings to "investigate and penalize" 45 entities "linked to the exploration and exploitation of hydrocarbons" around the Falklands. The statement did not name the entities involved. According to Argentine media,…
la Nacion
The list includes companies and actors from the United Kingdom, the United States and Israel, among other nationalities
▶ 45 entities under scrutiny for possible involvement in hydrocarbon projects around the archipelago The Argentine presidency announced that it is conducting an investigation into the possible connections of 45 natural or legal persons with hydrocarbon exploration and exploitation projects around the Malvinas Islands, known in Britain as the Falklands. According to the announcement, instructions were given for […]
The chancellor said that the official policy was worked for months with the Ministry of Defense. In addition, he pointed out that some 180 companies will have to choose between operating in the archipelago or facing sanctions in Argentina.
Javier Milei’s government warned that possible sanctions will also reach shareholders and companies that provide services to hydrocarbon projects in the area
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