Jump to contentAllNewsSportCultureLifestyleThe government of Argentina has announced that it will initiate criminal proceedings against energy firm Navitas Petroleum and its senior leadership over its operations in the Falkland Islands.This action comes after statements on Friday from Argentine President Javier Milei, who promised penalties against oil firms operating in the British overseas territory to reinforce the country’s sovereignty claims over the region. A presidency statement confirmed that Foreign Minister Pablo Quirno will submit the legal complaint targeting a number of Navitas subsidiaries, associated partners, and their executive board members.Navitas did not immediately respond to requests for comment. Argentine authorities claim the businesses breached domestic law by using UK-issued hydrocarbon exploration and exploitation licences in the North Falkland Basin.During his announcement last week, Milei focused on the offshore Sea Lion project, beginning legal action to introdcuce sanctions on directors, investors, and contractors involved in Falklands oil and gas endeavours. Navitas Petroleum, listed in Tel Aviv, operates the Sea Lion development with a 65 per cent share, while London-listed Rockhopper, also backed by Israeli funding, holds the remaining stake.In fullArgentina’s foreign policy descends into farce after Milei sanctions Israeli oil firm drilling in FalklandsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Falklands oil row deepens as Argentina targets energy firm with criminal charges
Jump to contentAllNewsSportCultureLifestyleThe government of Argentina has announced that it will initiate criminal proceedings against energy firm Navitas Petroleum and its senior leadership over its operations in the Falkland Islands.This action comes after statements on Friday from Argentine President Javier Milei, who promised penalties against oil firms operating in the British overseas territory to reinforce the country’s sovereignty claims over the region. A presidency statement confirmed that Foreign Minister Pablo Quirno will submit the legal complaint targeting a number of Navitas subsidiaries, associated partners, and their executive board members.Navitas did not immediately respond to requests for comment. Argentine authorities claim the businesses breached domestic law by using UK-issued hydrocarbon exploration and exploitation licences in the North Falkland Basin.During his announcement last week, Milei focused on the offshore Sea Lion project, beginning legal action to introdcuce sanctions on directors, investors, and contractors involved in Falklands oil and gas endeavours. Navitas Petroleum, listed in Tel Aviv, operates the Sea Lion development with a 65 per cent share, while London-listed Rockhopper, also backed by Israeli funding, holds the remaining stake.In fullArgentina’s foreign policy descends into farce after Milei sanctions Israeli oil firm drilling in FalklandsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
