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Friday, 16 March 2012 - Argentina will sue over Falklands oil exploration |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Vultures swoop on Argentina Related Topics World » Argentina » A vehicle passes by a sign that reads ''The Malvinas (Falklands) are Argentine'' on Route 136, near the Argentine city of Gualeguaychu, February 19, 2012. Credit: Reuters/Marcos Brindicci By Juliana Castilla BUENOS AIRES | Thu Mar 15, 2012 3:31pm EDT BUENOS AIRES (Reuters) - Argentina will take legal action at home and abroad against any companies involved in oil exploration off the Falkland Islands, Foreign Minister Hector Timerman said on Thursday. Thirty years after it repelled an Argentine invasion of the Falklands, Britain has vowed to defend the archipelago, saying it will negotiate sovereignty or oil rights only if the 3,000 islanders want that. Argentina says Britain is flouting U.N. resolutions that call for talks and prohibit any unilateral action as long as the sovereignty dispute persists. Timerman said offshore oil exploration amounts to a unilateral move. At a news conference in Buenos Aires, the minister called the exploration and drilling activities "illegal". He said Argentina will bring civil and criminal charges to sanction the companies involved. "With these actions we assume the responsibility of defending Argentina's natural resources," Timerman said. "The South Atlantic's oil and gas are property of the Argentine people." Britain reacted by saying it supported the rights of Falkland islanders to exploit their oil reserves. This was an "integral part of the right of self-determination", a British Foreign Office spokesman said. Several companies have drilled in waters off the islands. British explorer Rockhopper has been seeking a partner to invest in the $2 billion Sea Lion project. Borders & Southern and Falkland Oil & Gas are set to drill wells south of the islands this year. An industry source in London said legal action against companies involved in Falklands oil exploration "will have no impact on Rockhopper's operations as they look to develop the Sea Lion project". Borders & Southern declined to comment. Timerman said companies providing logistical and financial support to the search for Falklands oil will be included in the suits, along with the Ocean Guardian and Leiv Eiriksson drilling platforms. "Argentina understands that without the participation of many other actors, these illegitimate activities cannot be carried out," Timerman said. Falkland residents, known as "Kelpers", show no signs of wanting to break with Britain. In Spanish, the islands are known as Las Malvinas. (Additional reporting by Hilary Burke in Buenos Aires and Adveith Nair and Adrian Croft in London; Writing by Hugh Bronstein; Editing by Dale Hudson and Bob Burgdorfer) World Argentina 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 (1) bill1942 wrote:   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 Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use 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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