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Sunday, 1 April 2012 - Argentina warns banks off Falklands oil links: report |
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As many as 15 banks have been sent warning letters in Spanish by the Argentine embassy in London, the newspaper said. The letters are aimed at cutting financial support for the five London-listed exploration companies looking for oil in the region, including Rockhopper Exploration, Borders & Southern and Falkland Oil & Gas. Argentina has already said it would penalize companies which work with oil drillers exploring offshore the islands in the South Atlantic. Verbal sparring over the sovereignty of the islands, which Argentina calls Las Malvinas, has heated up in recent months ahead of the 30th anniversary of Britain's expulsion of an Argentine invasion force. The banks targeted by the embassy include both those that have undertaken advisory and fundraising roles for the explorers and those that have written research notes on the subject, the Sunday Telegraph said. The unsigned letters said the institutions, which include Royal Bank of Scotland, Barclays Capital and Goldman Sachs, could face criminal and civil action in the Argentine courts. The Argentine embassy in London did not respond to calls on Sunday, while the newspaper said none of the banks involved chose to comment. (Reporting by Paul Sandle; Editing by Greg Mahlich) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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