Argentina to file criminal charges against Navitas Petroleum over Falklands drilling
Foreign Minister Pablo Quirno will target Navitas subsidiaries and executives as Argentina says the Sea Lion project violates its hydrocarbon law.
- On Monday, the office of Argentine President Javier Milei announced a criminal complaint against Tel Aviv-listed Navitas Petroleum and partners for illegal oil exploration near the Falkland Islands.
- Argentina alleges the companies violated national law by holding hydrocarbon licenses issued by "the illegitimate government of the United Kingdom," maintaining sovereignty over the territory 300 miles away in the South Atlantic.
- The Sea Lion field is central to the dispute, with Navitas Petroleum holding a 65% stake; Gideon Tadmor, the company's chair, holds about 9% of shares as the project moves toward production in the North Falkland Basin.
- Britain defended its claim with Foreign Secretary Ed Miliband stating the U.K.'s position is "unwavering," while National Security Itamar Ben-Gvir urged Prime Minister Benjamin Netanyahu to recognize Argentine sovereignty over the territory.
- As Sea Lion moves toward production, the sovereignty dispute has transformed into a conflict over resources. Milei previously threatened to sanction shareholders and directors involved in Falklands oil activities, escalating tensions.
139 Articles
139 Articles
Argentina files criminal complaint against Navitas over Falklands; firm silent, shares slide
Argentina's government formally filed a criminal complaint on Tuesday against Israeli oil company Navitas Petroleum and four other firms over hydrocarbon exploration in waters near the Falklands, with the company yet to respond to the accusation and amid a slide in the share prices of those involved.
Hindustan Times
Free Malaysia Today NewsArgentina launches legal action against oil firms for Falklands drilling
Argentina launches legal action against oil firms for Falklands drilling
DIPLOMATIC SHOWDOWN: Milei Targets Israeli Energy Company Over Falkland Islands Drilling
Argentina’s government is preparing to file a criminal complaint against Israeli energy company Navitas Petroleum, its subsidiaries and senior executives over oil operations near the disputed Falkland Islands, as President Javier Milei moves to intensify pressure on companies operating in the territory. The complaint will be filed by Argentine Foreign Minister Pablo Quirno, with Buenos […]
Argentina has announced its intention to take legal action against companies involved in an Israeli-British oil project near the Falkland Islands, as Buenos Aires increasingly escalates its claims to the disputed territory.
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