Argentina is taking steps to prosecute Navitas Petroleum and its executives regarding their oil operations in the Falkland Islands, intensifying sovereignty tensions.
Argentina has initiated legal action against energy company Navitas Petroleum and its executives due to their participation in oil operations in the Falkland Islands, escalating its enduring sovereignty conflict with Britain.
The action comes after President Javier Milei announced that his government would address the drilling activities of oil companies in the British-controlled territory, as Buenos Aires reaffirmed its claim over the islands.
The Argentine presidency announced that Foreign Minister Pablo Quirno would lodge a complaint against various Navitas subsidiaries and other companies associated with the project, along with their directors.
Navitas Petroleum had not yet provided a response to the announcement.
Argentine authorities have accused the companies of breaching national laws by possessing licenses for oil exploration and production in the North Falkland Basin, which were issued by the United Kingdom.
Milei has previously emphasized the Sea Lion offshore development while announcing measures aimed at companies engaged in oil and gas activities around the Falkland Islands.
The Argentine government stated that the measures could also extend to shareholders, directors, and suppliers associated with the operations.
Navitas Petroleum, a company listed in Tel Aviv, is developing the Sea Lion project and holds a 65 percent stake in the field.
According to LSEG data, Navitas chairman Gideon Tadmor holds approximately 9 percent of the company.
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