AGL 38.69 Increased By ▲ 0.47 (1.23%)
AIRLINK 129.02 Increased By ▲ 0.05 (0.04%)
BOP 8.73 Increased By ▲ 0.88 (11.21%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.65 Increased By ▲ 0.33 (3.97%)
DFML 38.61 Decreased By ▼ -0.33 (-0.85%)
DGKC 84.99 Increased By ▲ 3.05 (3.72%)
FCCL 35.00 Increased By ▲ 1.58 (4.73%)
FFBL 75.99 Increased By ▲ 0.28 (0.37%)
FFL 12.83 Increased By ▲ 0.01 (0.08%)
HUBC 110.65 Increased By ▲ 0.29 (0.26%)
HUMNL 14.40 Increased By ▲ 0.39 (2.78%)
KEL 5.47 Increased By ▲ 0.32 (6.21%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.26 Increased By ▲ 1.46 (3.67%)
NBP 71.50 Decreased By ▼ -0.82 (-1.13%)
OGDC 191.80 Increased By ▲ 3.51 (1.86%)
PAEL 26.30 Increased By ▲ 0.67 (2.61%)
PIBTL 7.48 Increased By ▲ 0.11 (1.49%)
PPL 156.95 Increased By ▲ 4.28 (2.8%)
PRL 26.00 Increased By ▲ 0.61 (2.4%)
PTC 18.85 Increased By ▲ 1.15 (6.5%)
SEARL 83.05 Increased By ▲ 0.63 (0.76%)
TELE 7.82 Increased By ▲ 0.23 (3.03%)
TOMCL 33.00 Increased By ▲ 0.43 (1.32%)
TPLP 8.40 Decreased By ▼ -0.02 (-0.24%)
TREET 16.72 Decreased By ▼ -0.06 (-0.36%)
TRG 56.40 Increased By ▲ 0.36 (0.64%)
UNITY 28.95 Increased By ▲ 0.17 (0.59%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,781 Increased By 122.5 (1.15%)
BR30 31,929 Increased By 597.9 (1.91%)
KSE100 100,248 Increased By 979.2 (0.99%)
KSE30 31,268 Increased By 235.7 (0.76%)

Argentina on Monday declared "illegal" the oil exploration by five British companies near the Falkland Islands, which Buenos Aires long has claimed as part of its territory. The companies' activities "proved to be illegal and clandestine, as they're taking place in a sovereign area of the Argentine nation and as such fall within its specified laws and rules," President Cristina Fernandez de Kirchner said on her official website.
The Buenos Aires government announced mid-March that it would seek civil and criminal legal action against the companies at the heart of the accusations. Energy Secretary Daniel Cameron meanwhile published five resolutions in Argentina's Official Bulletin declaring activities by the companies "illegal" and "clandestine."
The companies - Desire Petroleum, Falkland Oil and Gas, Rockhopper Exploration, Borders and Southern Petroleum and Argos Resources - "are not authorised by the Argentine government under law 17.319 on hydrocarbons," the resolutions read, The small oil exploration concerns that have searched for undersea reserves off the Falklands since 2010. Only Rockhopper has discovered oil so far.
Britain has ruled the Falkland islands, off the coast of Argentina - called the Malvinas here - since 1833. Thirty years after the Falklands War, tensions between Argentina and Britain are still high. Argentina's 1982 invasion of the remote islands triggered a 74-day war, which ended in a humiliating defeat for Argentina after British prime minister Margaret Thatcher sent in a naval task force to reclaim the archipelago. The conflict cost the lives of 649 Argentine and 255 British troops.

Copyright Agence France-Presse, 2012

Comments

Comments are closed.