Falklands oil boom triggers Argentine anger
Argentine President Javier Milei has revived the country’s bitter dispute with the UK over sovereignty of the Falkland Islands – amid a potential oil boom – after President Trump raised doubts about U.S. neutrality
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SOVEREIGNTY
1770
1816
1833
1982
Britain claims archipelago
Spain seizes control, withdraws 1811
Argentina wins independence from Spain – claims sovereignty
Britain re-establishes control
Falklands War
Royal Navy Task Force
UK
ARGENTINA
ATLANTIC OCEAN
Gibraltar
South Georgia
Ascension Island
Falkland Islands (Islas Malvinas)
OIL EXPLORATION IN FALKLANDS BASINS
British Overseas Territory
North Falklands Basin
Sea Lion
(Navitas Petroleum, Rockhopper)
Mar 2028: First oil expected 
2032: Max. 50,000 barrels per day
Rio Gallegos
Port Stanley
Darwin
(Borders & Southern)
Gas and condensate reserves
ARGENTINA
CHILE
Punta Arenas
Cape Horn
SOUTH ATLANTIC OCEAN
Source: Financial Times, BBC, Navitas
Pictures: Getty Images
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