Argentina will complaint against banks that promote oil exploration in the Falklands Islands

Falklands Islands, April 1, 2012

Today, it was acknowledged that Argentina will make complaints if British and American banks give advice to commercial companies for oil exploration off the coast of the Falkland Islands, reported the Sunday Telegraph in Britain. 

According to the newspaper publication, the Embassy of Argentina in London asked to “have memory – when they give their opinion or assess the risks of oil exploitation, and remember the existence of the dispute over sovereignty (the Falklands) and the consequences of illegal exploration of hydrocarbons” in the islands.

“The companies directly or indirectly involved in such activities shall be subject to administrative, civil or criminal penalties, as foreseen in Argentine law in this area,” says the document quoted by the British newspaper. The note was sent to Barclays Capital, Royal Bank of Scotland and Goldman Sachs, according to the Sunday Telegraph.

This is the first measure taken against banks. It should be recalled that it had been mentioned previously for companies which explore oil fields in the sea of the Falklands.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>