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30.09.26 - 12:18
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Argentina Threatens UK With Court Action Over Falklands Oil Drilling (ZeroHedge)
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Argentina Threatens UK With Court Action Over Falklands Oil Drilling
Authored by Charles Kennedy via OilPrice.com,
Argentina will sue the UK unless it suspends an oil drilling project off the coast of the Falkland Islands, the BBC has reported, citing an X post by Argentine president Javier Milei.
"I instructed the Foreign Ministry and our legal teams to initiate international arbitration against the United Kingdom for the illegal plundering of our resources through the Sea Lion Project in the North Malvinas Basin," the Argentine president wrote on the social media platform.
"If in 2 weeks the United Kingdom does not halt the illegitimate exploitation, we will go to the International Tribunal for the Law of the Sea. THE MALVINAS ARE ARGENTINE, and they are defended with facts, not words," Milei also wrote.
The Sea Lion oil field is operated by Navitas Petroleum Development and Production Ltd (NPDP), a UK-based fully owned subsidiary of Israeli Navitas Petroleum, and its British partner Rockhop...
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04.09.26 - 22:09
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Argentina′s Milei Escalates Falklands Dispute With Oil Sanctions On UK, Israeli Firms (ZeroHedge)
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Argentina's Milei Escalates Falklands Dispute With Oil Sanctions On UK, Israeli Firms
Argentina's President Milei has announced plans to sign a decree sanctioning companies working on oil exploration of the Falkland Islands, coming a mere days after President Trump indicated that the US position on the archipelago was "under review".
The Libertarian-Right firebrand leader proclaimed quite provocatively that "The Falkland Islands are Argentinian, historically and legally. There is no debate" and added that the "winds of change" have more lately favored Argentina's claim.
Milei characterized the Falkland's Sea Lion Project, which is based out of what firmly remains a British territory, as essentially a resource-grab which undermines Argentinian sovereignty.
via photojet
The area to be tapped lies some 140 miles north of the Falkland Islands and is widely estimated to hold a whopping 1.7 billion barrels of oil.
The ambitious project involves Israeli and Britis...
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