Argentina's government targets 45 entities over Malvinas oil projects
President Javier Milei's government launches sanction proceedings targeting hydrocarbon activities around the disputed archipelago, including shareholders and firms providing related services. Leer más
Argentina's government has announced investigations into 45 entities linked to hydrocarbon exploration projects surrounding the Malvinas Islands, also known as the Falkland Islands. This assertion comes after President Javier Milei declared a period of change and tougher sanctions against any oil projects around the disputed archipelago.
The presidential statement, published late Friday, did not disclose the specific entities facing sanctions, but local media reported that the list may include companies, directors, shareholders, and executives connected to oil exploration and production projects in the area north of the islands. Buenos Aires claims these activities are unauthorized and violate Law 26.659, while the United Kingdom maintains control over the islands, which were the site of a war in 1982.
The sanctions will target not only the allegedly illicit hydrocarbon projects but also their financial backers and service providers. The list of 45 targets includes British, Canadian, Israeli, Danish, American, and Dutch entities, primarily associated with the Sea Lion oil project. Milei's tougher stance on the Malvinas issue aligns with recent comments from US President Donald Trump, hinting at a potential shift in the US position of neutrality.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
