Argentina's President Milei has announced plans to sign a decree sanctioning companies working on oil exploration of the Falkland Islands, coming a mere days after President Trump indicated that the US position on the archipelago was "under review".
The Libertarian-Right firebrand leader proclaimed quite provocatively that "The Falkland Islands are Argentinian, historically and legally. There is no debate" and added that the "winds of change" have more lately favored Argentina's claim.
Milei characterized the Falkland's Sea Lion Project, which is based out of what firmly remains a British territory, as essentially a resource-grab which undermines Argentinian sovereignty.
via photojetThe area to be tapped lies some 140 miles north of the Falkland Islands and is widely estimated to hold a whopping 1.7 billion barrels of oil.
The ambitious project involves Israeli and British firms, creating rare tensions between staunchly pro-Israeli Milei and what are primarily Tel Aviv-based investors.
He further warned that given the project has proceeded without Argentina's permission, it marks a "concrete and urgent danger," given that "If we fail to act, within a few months, they will possess the physical capacity to take the oil reserves that lie beneath our waters."
According to more on ownership details via Reuters:
The project's two owners have strong Israeli ties. Sea Lion i
