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[INTERNATIONAL] · Argentina, United Kingdom · 100 sources

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Argentina targets energy firms with criminal complaints over Malvinas oil operations

The Argentine government has launched a legal and administrative offensive against energy companies operating in the Malvinas Basin without national authorization. Foreign Minister Pablo Quirno is set to present criminal complaints against several subsidiaries of the Israeli-based Navitas Petroleum, including Navitas Petroleum Development & Production Ltd and Navitas Petroleum Atlantic United, as well as JHI Associates Inc and Eco (Atlantic) Oil & Gas Ltd. These companies are involved in the Sea Lion offshore oil project, which Navitas owns a 65% stake in.

President Javier Milei has announced measures to strengthen sovereignty claims, including the introduction of a National Sovereignty Defense Law to Congress. This legislation aims to harden the sanctions regime, potentially extending penalties to shareholders, directors, and suppliers of unauthorized operations. The government is also working to accelerate existing sanctioning procedures under Law 26.659.

In addition to legal actions, the administration is prioritizing strategic infrastructure. This includes the development of an integrated naval base and logistics pole in Tierra del Fuego. Major Argentine business entities, including the Argentine Industrial Union (UIA) and the Argentine Rural Society (SRA), have expressed support for the government's stance on protecting national resources in the South Atlantic.

Entities

Argentina · Baker Hughes · Falkland Islands · Halliburton · Javier Milei · Maximiliano Ferraro · Navitas Petroleum · Pablo Quirno · Rockhopper Exploration · SLB · United Kingdom

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