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Argentina gets tough on Falkland Islands firms

Search for oil: British firm Desire Petroleum is drilling off the islands
12 April 2012

International companies operating in the Falklands may be banned from Argentina.

MPs are to debate a Bill imposing a 30-day deadline on firms to cut ties with the Falklands or be expelled.

The move, led by Argentinian film director and politician "Pino" Solanas, is aimed at firms such as Barclays, a shareholder of British firm Desire Petroleum, which is drilling for oil in the Falklands.

President Cristina Fernández de Kirchner has reasserted Argentina's claim to the islands. Former Argentine chancellor Rafael Bielsa last night urged his successor Jorge Taiana "to do everything in his power to increase the cost of the search for oil".

Today it was reported that a Royal Navy attack submarine, the Swiftsure class nuclear-powered HMS Sceptre, had been sent to the Falklands to increase security around Desire Petroleum's work.

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Argentina
Falkland Islands
Latin America
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