Argentina threatens to sanction oil projects around Falkland Islands
Argentina has announced that it will investigate and sanction oil companies working near the Falkland Islands without authorisation, after President Javier Milei said the “winds of change” favour his country’s claim to the archipelago. 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…
Argentina has announced it will investigate and impose penalties on oil companies operating near the Falkland Islands without proper authorization. President Javier Milei stated that the "winds of change" are favorable to his country's claim over the archipelago. The dispute over the South Atlantic islands dates back to the 1982 war between Britain and Argentina, which lasted 10 weeks and resulted in the surrender of the Argentine government.
Britain and Argentina fought over the islands, with Argentina calling them Las Malvinas. On Friday, Argentina's presidency announced proceedings to investigate and penalize 45 entities involved in hydrocarbon exploration and exploitation around the Falklands, although the entities were not named. Media reports suggest the companies include British, US, Canadian, Israeli, Danish, and Dutch firms.
Oilfield services companies Schlumberger, Halliburton, and Baker Hughes have stated they will not work on hydrocarbon projects near the islands. Milei shared this news on social media alongside an acronym that translates to "everything is going according to plan." The Falkland Islands, located about 600km east of Argentina's southern tip, are administered by Britain.
In a speech on Thursday, Milei reiterated his country's claim to the Falklands and announced stricter sanctions on companies linked to nearby oil projects.
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- Argentina moves to enforce Falkland Islands oil sanctions qatar-tribune.com
- Milei finds unity in pushback against Falkland Islands oil project al-monitor.com
