Argentina to file criminal charges against Navitas Petroleum over Falklands dispute
Argentina’s Legal Action Against Navitas Petroleum
BUENOS AIRES, Sept 7 (Reuters) - Argentina's government said on Monday it will file criminal charges against energy company Navitas Petroleum and its executives for operating in the Falkland Islands.
Background to the Dispute
The move follows remarks on Friday by Argentine President Javier Milei, who vowed to sanction oil companies drilling in the British overseas territory as he stepped up the South American nation's sovereignty claims.
Government Statement and Legal Steps
According to a statement from the presidency, Foreign Minister Pablo Quirno will file the criminal complaint against several Navitas subsidiaries and partners operating in the territory, along with their corporate directors.
Navitas Petroleum’s Response
Navitas did not immediately reply to a request for comment.
Alleged Violations and Targeted Projects
The government alleges the firms violated Argentine law by holding hydrocarbon exploration and exploitation licenses issued by the United Kingdom in the North Falkland Basin.
Focus on Sea Lion Offshore Oil Project
Milei last week singled out the Sea Lion offshore oil project as he announced measures targeting companies involved in Falklands oil and gas activities, with penalties potentially extending to shareholders, directors, and suppliers.
The Sea Lion field is operated by Tel Aviv-listed Navitas Petroleum, which holds a 65% stake.
Key Figures and Shareholders
Gideon Tadmor, a prominent figure in Israel's energy sector and the company's chairman, holds about 9% of its shares, according to LSEG data.
(Reporting by Nicolas Misculin, Editing by Daina Beth Solomon)
