Dubai Telegraph - Argentina files lawsuit against oil firms operating off Falklands

EUR -
AED 4.092547
AFN 71.872393
ALL 90.864762
AMD 402.712283
ANG 1.994212
AOA 1022.852842
ARS 1686.071954
AUD 1.599591
AWG 2.005594
AZN 1.904942
BAM 1.946991
BBD 2.243559
BDT 137.519045
BGN 1.947466
BHD 0.420796
BIF 3337.085445
BMD 1.114219
BND 1.428467
BOB 13.049549
BRL 5.605522
BSD 1.113965
BTN 106.054644
BWP 15.302012
BYN 3.365905
BYR 21838.689387
BZD 2.240294
CAD 1.588057
CDF 2576.630683
CHF 0.931219
CLF 0.027911
CLP 1098.497682
CNY 7.457188
CNH 7.461528
COP 3558.870706
CRC 507.705225
CUC 1.114219
CUP 26.734045
CVE 110.759987
CZK 24.369753
DJF 198.019369
DKK 7.47501
DOP 68.245783
DZD 150.176632
EGP 59.130261
ERN 16.713283
ETB 179.53397
FJD 2.521468
FKP 0.840856
GBP 0.845748
GEL 2.903377
GGP 0.840856
GHS 12.997338
GIP 0.840856
GMD 82.452534
GNF 9805.125662
GTQ 8.512486
GYD 232.948733
HKD 8.744914
HNL 30.028302
HRK 7.539026
HTG 145.86286
HUF 363.967945
IDR 20005.966518
ILS 3.451406
IMP 0.840856
INR 105.982436
IQD 1460.183798
IRR 1995008.843873
ISK 136.414016
JEP 0.840856
JMD 176.899638
JOD 0.78994
JPY 176.565245
KES 144.569784
KGS 97.438397
KHR 4535.985209
KMF 490.25597
KPW 1002.796918
KRW 1493.432431
KWD 0.347535
KYD 0.928254
KZT 503.287451
LAK 25069.924129
LBP 99778.297814
LKR 368.685235
LRD 190.253048
LSL 18.374193
LTL 3.289999
LVL 0.673979
LYD 7.164611
MAD 10.860273
MDL 19.93781
MGA 5013.985004
MKD 61.303191
MMK 2339.891255
MNT 4010.830337
MOP 9.0047
MRU 44.813682
MUR 53.047964
MVR 17.22604
MWK 1940.96955
MXN 20.589657
MYR 4.553141
MZN 71.209966
NAD 18.373314
NGN 1481.632261
NIO 41.058995
NOK 10.621397
NPR 169.68779
NZD 1.99472
OMR 0.428408
PAB 1.113925
PEN 3.822324
PGK 4.960224
PHP 70.141179
PKR 308.677632
PLN 4.370847
PYG 6356.156739
QAR 4.056107
RON 5.334545
RSD 117.434223
RUB 93.173167
RWF 1643.472798
SAR 4.169819
SBD 9.00074
SCR 15.539634
SDG 670.200407
SEK 11.188896
SGD 1.432156
SHP 0.840698
SLE 27.487537
SLL 23364.616998
SOS 636.772396
SRD 42.0194
STD 23062.080519
STN 24.484959
SVC 9.746945
SYP 14487.073088
SZL 18.373275
THB 37.497926
TJS 10.281161
TMT 3.899766
TND 3.680818
TOP 2.682771
TRY 55.033603
TTD 7.575758
TWD 35.803864
TZS 2930.410056
UAH 50.066181
UGX 4500.657495
USD 1.114219
UYU 44.77741
UZS 13316.601242
VES 975.723229
VND 28854.925462
VUV 133.007295
WST 3.10712
XAF 655.957
XAG 0.020046
XAU 0.000272690836
XCD 3.011232
XCG 2.007635
XDR 0.787811
XOF 655.957
XPF 119.331742
YER 263.172913
ZAR 18.509665
ZMK 10029.322511
ZMW 22.138143
ZWL 358.778014
SSP 6405.113786
MXV 2.325051
  • CMSC

    -0.1150

    19.675

    -0.58%

  • NGG

    0.2450

    78.475

    +0.31%

  • RYCEF

    0.3200

    17.92

    +1.79%

  • RIO

    -2.0500

    91.01

    -2.25%

  • BTI

    0.9550

    56.605

    +1.69%

  • RBGPF

    2.4700

    69.3

    +3.56%

  • BP

    0.3800

    48.91

    +0.78%

  • CMSD

    -0.1150

    19.69

    -0.58%

  • GSK

    1.5630

    47.833

    +3.27%

  • AZN

    6.2950

    162.115

    +3.88%

  • BCC

    -0.9300

    73.15

    -1.27%

  • VOD

    -0.0900

    15.465

    -0.58%

  • BCE

    0.0350

    19.515

    +0.18%

  • JRI

    -0.1700

    10.38

    -1.64%

  • RELX

    0.1150

    36.815

    +0.31%

Argentina files lawsuit against oil firms operating off Falklands
Argentina files lawsuit against oil firms operating off Falklands / Photo: Pablo Porciúncula - AFP/File

Argentina files lawsuit against oil firms operating off Falklands

Argentina has announced legal action against companies with links to an Israeli-British oil project near the Falkland Islands, as Buenos Aires escalates its claim over the disputed territory.

Text size:

Britain and Argentina fought a 10-week war in 1982 over the South Atlantic islands, a British overseas territory that Argentines call Las Malvinas.

As President Javier Milei amps up Argentina's claim over the islands, Buenos Aires on Friday said it intended to investigate and sanction 45 oil companies working in the area.

And on Monday night, it announced a lawsuit against Navitas Petroleum Development & Production Ltd, Navitas Petroleum Atlantic United, Navitas Petroleum LP, IHI Associates Inc, and Eco Atlantic Oil & Gas Ltd.

These companies "allegedly hold licenses granted by the illegitimate government of the United Kingdom (in the Falklands) for the exploration and/or exploitation of hydrocarbons in the North Malvinas Basin," the presidency stated.

The Sea Lion oil field involves Britain's Rockhopper Exploration and Israel's Navitas Petroleum, who are looking to establish a large-scale operation about 220 kilometers (137 miles) from the Falklands.

Buenos Aires argues that the arrangement breaches Argentine law, which prohibits the exploration and exploitation of hydrocarbons on its continental shelf without government authorization.

A 2011 law establishes penalties of up to 20 years of disqualification from operating in Argentina and up to 15 years in prison for the offense.

The Falklands are located about 600 km east of Argentina's southernmost tip and administered by Britain. The 1982 war ended with Argentine surrender after 74 days of conflict that killed 649 Argentines and 255 British troops.

In a speech Thursday, Milei renewed claims to the Falklands after US President Donald Trump said Washington was reviewing its historically neutral position on the territory.

"There are winds of change in the world that are favorable to our claim," Milei said.

The far-right leader's address prompted London to assert its "unshakeable" claim over the islands.

"The Falklands are British because Falkland Islanders choose to be British," British Defence Secretary Wes Streeting wrote on social media on Friday.

The islanders themselves voted overwhelmingly in 2013 to remain British.

B.Gopalan--DT