The British company British Petroleum (BP) is exploring for oil and has no plans to do so in the future in the Falklands Islands, whose sovereignty is disputed Argentina and Britain, according to a note of the Argentine Foreign Ministry.
The note states that in the context of the actions taken by Argentina “against companies that perform or intend to carry out exploration and exploitation of hydrocarbons in water illegitimate South Atlantic”, the country received “with satisfaction” a note back from British Petroleum.
According to the Argentine Ministry, the British firm could have answered “not involved in hydrocarbon exploration in the region” of the Malvinas (or have plans to do so in the future). ”
Argentina launched last March to civil and criminal actions against local and international companies involved in oil activities in the Falklands and argued that their goal is to preserve natural resources in a territory whose sovereignty is claimed.
The Foreign Ministry also sent notes to securities regulators, as the U.S. SEC and the London Stock Exchange, which calls for several companies listed on those markets and act in the Falkland Islands to realize their activities in the area, which Argentina considers illegal.
The British foreign ministry reacted to the announcement in late March, noting that oil exploration in the Falklands is a “legitimate business” and described the statement by the Argentine Foreign Minister, Hector Timerman, as a new announcement “counterproductive.”
Several British companies launched in February 2010 oil exploration in waters around the Falklands, although so far only one, Rockhopper has discovered a field that could contain, according to its estimates, 1,297 million barrels of oil.
Buenos Aires and London have staged in recent months escalating verbal marking the 30th anniversary, on April 2, of the war the two countries fought for the sovereignty of the Falklands, and ended with the defeat of Argentina.
Category: Personal Finance