AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Britain is seeking to legally annex stretches of the south Atlantic seabed in a bid to tap gas, mineral and oil wealth, in a move that could raise tension with Argentina, a newspaper reported Saturday.
It plans to file with the United Nations authorities a claim to tens of thousands of square miles of the Atlantic Ocean floor around the Falklands, Ascension Island and Rockall, The Guardian said.
In a bloody war 25 years ago, British forces expelled Argentine invasion forces from the Falkland Islands, which is 8,000 miles (13,000 kilometres) from Britain. Argentina claims the Falklands, or Malvinas, as their own. The British government is trying to speed up the application process with the UN Commission on the Limits of the Continental Shelf (UNCLCS) ahead of an international deadline in May 2009, the newspaper said.
In a novel legal approach, any state can use detailed geological and geophysical surveys to demarcate a new "continental shelf outer limit" that can extend up to the 350 miles from its shoreline, The Guardian said.
The British government has collected data for most of what it is submitting, it added. Chris Carleton, head of the law of the sea division at the UK Hydrographic Office, said preliminary talks on Rockall are due to be held next week in Reykjavik, the capital of Iceland, according to the newspaper. The Falklands claim has the greatest potential for diplomatic tension, Carleton said.
Britain has been granted licences for exploratory drilling around the islands within the normal 200-mile exploration limit and any new claim to UNCLCS would extend territorial rights further into the Atlantic.
"It would be beyond the 200-mile limit but less than 350 miles," said Carleton, who is involved in preparing the submission. "It effectively joins up the area around South Georgia to the Falklands. It's a claim but how it's handled has not been decided yet. The Argentineans will say it's not ours to claim. It's all a bit tricky," he was quoted as saying.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.