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Argentina Expands Sanctions to 60 Over Falklands Oil Activity
(MENAFN) Argentina's presidency announced Tuesday it is launching sanctioning proceedings against 15 additional individuals and entities accused of violating national hydrocarbon laws on the country's continental shelf.
"This progress is a new step in the same direction," the presidency said in a statement. "The Argentine Republic does not accept nor will it accept attacks against its sovereignty."
The new proceedings target individuals and legal entities Argentina says engaged in unauthorized oil and gas activity in the maritime areas surrounding the Falkland Islands, South Georgia, and the South Sandwich Islands.
These additions build on proceedings already underway against 45 other subjects under Article 2 of Law No. 26,659, pushing the total number of targeted parties to 60.
The escalation comes as offshore oil exploration near the Falklands moves forward, centered on the Sea Lion project, a joint effort between British firm Rockhopper Exploration and Israel-based Navitas Petroleum.
Buenos Aires framed the proceedings as an extension of its longstanding sovereignty claim over the South Atlantic islands and the waters surrounding them.
"The National Government will continue moving forward with this identification and will initiate summary proceedings to sanction all those responsible," the statement said.
The statement, signed by President Javier Milei, reaffirmed Argentina's intent to pursue every available administrative, diplomatic and legal channel to contest activity it regards as a breach of its sovereignty claims.
The move reflects the administration's broader push to assert Argentine jurisdiction over natural resources in waters it considers disputed. Official sources said the administrative measures would be paired with diplomatic notifications aimed at deterring further unauthorized commercial activity in the area.
The Falkland Islands — referred to by Argentina as the Islas Malvinas — are a British Overseas Territory in the South Atlantic that has remained a flashpoint between Argentina and the UK since Britain assumed control in 1833. A 2013 referendum saw 99.8% of participating islanders vote to remain under UK Overseas Territory status.
"This progress is a new step in the same direction," the presidency said in a statement. "The Argentine Republic does not accept nor will it accept attacks against its sovereignty."
The new proceedings target individuals and legal entities Argentina says engaged in unauthorized oil and gas activity in the maritime areas surrounding the Falkland Islands, South Georgia, and the South Sandwich Islands.
These additions build on proceedings already underway against 45 other subjects under Article 2 of Law No. 26,659, pushing the total number of targeted parties to 60.
The escalation comes as offshore oil exploration near the Falklands moves forward, centered on the Sea Lion project, a joint effort between British firm Rockhopper Exploration and Israel-based Navitas Petroleum.
Buenos Aires framed the proceedings as an extension of its longstanding sovereignty claim over the South Atlantic islands and the waters surrounding them.
"The National Government will continue moving forward with this identification and will initiate summary proceedings to sanction all those responsible," the statement said.
The statement, signed by President Javier Milei, reaffirmed Argentina's intent to pursue every available administrative, diplomatic and legal channel to contest activity it regards as a breach of its sovereignty claims.
The move reflects the administration's broader push to assert Argentine jurisdiction over natural resources in waters it considers disputed. Official sources said the administrative measures would be paired with diplomatic notifications aimed at deterring further unauthorized commercial activity in the area.
The Falkland Islands — referred to by Argentina as the Islas Malvinas — are a British Overseas Territory in the South Atlantic that has remained a flashpoint between Argentina and the UK since Britain assumed control in 1833. A 2013 referendum saw 99.8% of participating islanders vote to remain under UK Overseas Territory status.
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