Argentina ends Falklands oil deal

Argentina has scrapped a deal with the UK to share any oil found off the Falkland Islands – days ahead of the anniversary of the war for the islands.

Scientists estimate that there may be billions of dollars worth of oil under the waters around the Falklands, which are known to Argentina as the Malvinas.
The 1995 agreement between the UK and Argentina is aimed at encouraging oil exploration in the area.

Mr Taiana said Argentina had taken the step after the UK had unilaterally drilled for oil.

He said: “The Argentine decision brings an end…to an instrument the United Kingdom sought to use to justify its illegitimate and unilateral action to explore for resources that belong to Argentines.”

Mr Taiana added: “Argentina is not opposed to co-operating with the United Kingdom, but only if this contributes to renewing dialogue over sovereignty.”

BBC