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International Business Times UK
International Business Times UK
World
Jeyn Klare Reyes

Falklands Row Opens New Front as Argentina Targets Israeli Firm Behind $2.1bn Oil Project

Argentina Oil Israel Falklands Navitas Britain Buenos Aires
Argentina is challenging the $2.1 billion Sea Lion oil project led by Israel’s Navitas Petroleum, while Britain maintains that Falkland Islanders have the right to develop their natural resources. (Credit: GuavaTrain/Wikimedia Commons/CC0)

Argentina has opened a new front in its dispute with Britain over the Falkland Islands by targeting an Israeli company leading a $2.1 billion (£1.6 billion) offshore oil development.

Navitas Petroleum controls 65 per cent of the Sea Lion project, which aims to begin producing oil north of the Falklands in 2028. British company Rockhopper Exploration owns the remaining 35 per cent.

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