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Argentina judge orders asset seizure of Falklands oil firms | Argentina judge orders asset seizure of Falklands oil firms |
(about 5 hours later) | |
A federal judge in Argentina has ordered the seizure of assets of five companies drilling for oil in the Falkland Islands. | A federal judge in Argentina has ordered the seizure of assets of five companies drilling for oil in the Falkland Islands. |
Tierra del Fuego judge Lilian Herraez ordered the authorities to seize boats and other assets worth $156m. | Tierra del Fuego judge Lilian Herraez ordered the authorities to seize boats and other assets worth $156m. |
Argentina claims sovereignty of the islands, which it calls the Malvinas. | Argentina claims sovereignty of the islands, which it calls the Malvinas. |
The oil companies named in the case are not based in Argentina and it is not clear how the measure will be implemented. | The oil companies named in the case are not based in Argentina and it is not clear how the measure will be implemented. |
Drilling for oil in the territorial waters around the Falklands began in 2010 despite opposition from Buenos Aires. | Drilling for oil in the territorial waters around the Falklands began in 2010 despite opposition from Buenos Aires. |
'Bordering on stupidity' | 'Bordering on stupidity' |
Judge Herraez says the new ruling will take steps to try to seize the companies' assets abroad. | Judge Herraez says the new ruling will take steps to try to seize the companies' assets abroad. |
The five companies mentioned are: Premier Oil Plc, Rockhopper Exploration Plc, Falkland Oil and Gas Ltd, Noble Energy Inc and Edison International Spa. | The five companies mentioned are: Premier Oil Plc, Rockhopper Exploration Plc, Falkland Oil and Gas Ltd, Noble Energy Inc and Edison International Spa. |
Three of the companies are British-based, one is American, based in Texas, and one is French-owned, based in Italy. | Three of the companies are British-based, one is American, based in Texas, and one is French-owned, based in Italy. |
Britain and Argentina went to war over the Falklands in 1982. | Britain and Argentina went to war over the Falklands in 1982. |
Argentina occupied the South Atlantic archipelago for 74 days, before British forces regained control. | Argentina occupied the South Atlantic archipelago for 74 days, before British forces regained control. |
During the conflict, 255 British and about 650 Argentine servicemen were killed, along with three Falklands civilians. | During the conflict, 255 British and about 650 Argentine servicemen were killed, along with three Falklands civilians. |
Argentina accuses Britain of colonialism, saying the islands lie some 700km (450 miles) off its coast. | Argentina accuses Britain of colonialism, saying the islands lie some 700km (450 miles) off its coast. |
Britain has held the Falklands for 180 years and says the wishes of its 3,000 residents should be respected. | |
The vast majority of them want the islands to remain a British overseas territory. | The vast majority of them want the islands to remain a British overseas territory. |
"They want to remain British and that view should be respected by everybody, including by Argentina," said David Cameron after a 2013 referendum in which the islanders gave almost unanimous support for the status quo. | "They want to remain British and that view should be respected by everybody, including by Argentina," said David Cameron after a 2013 referendum in which the islanders gave almost unanimous support for the status quo. |
Argentine President Cristina Fernandez de Kirchner said at the time that Britain was "arrogant" and "bordering on stupidity" for refusing to negotiate on the future of the islands. | Argentine President Cristina Fernandez de Kirchner said at the time that Britain was "arrogant" and "bordering on stupidity" for refusing to negotiate on the future of the islands. |