• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 16 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 12 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 4 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 6 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 16 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 7 hours Venezuela set to raise gasoline prices to international levels.
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 13 hours Starvation, horror in Venezuela
  • 4 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 3 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 18 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 19 hours France Will Close All Coal Fired Power Stations By 2021
Oil Prices Fall Despite Supply Fears

Oil Prices Fall Despite Supply Fears

Oil prices started the day…

The Real Leader In Global Energy Production

The Real Leader In Global Energy Production

Last week President Trump was…

Argentina Considering Energy Partnership With Britain Over Falklands

Falklands premier

Argentine Foreign Minister Susana Malcorra stated that her country would be willing to engage in a joint fossil fuels exploration project with Britain near the disputed Falklands Islands.

In remarks to what The Guardian published on Thursday, Argentina’s top diplomat under President Mauricio Macri said any energy ventures with Britain would be a “sensible thing to discuss and could make sense.” Doing so would be part of a change in rhetoric from the less diplomatic exchanges under Macri’s predecessor, Cristina Fernandez de Kirchner, towards Britain over the disputed archipelago some 300 miles off the Argentine coast.

“Our claim to the Malvinas will be sustained, but as part of the approach of a good neighbor,” Malcorra said.

“We think over the long term a solution can be found but in the meantime we can and should be respectful, and find ways to open up the opportunities for confidence-building measures. There has been a zero-sum approach, but we think if we sit at the table, and are positive and creative there are alternatives,” she added.

Her remarks came days prior to British Foreign Office minister Alan Duncan’s visit to Buenos Aires where he is scheduled to meet with a U.K. business delegation.

Related: Biggest Draw In Crude Stocks This Century Sees Oil Prices Spike

Macri has pushed for stronger diplomatic ties with Britain, and last January, met with then-prime Minister David Cameron. Macri at the time also reaffirmed Argentina’s claim over the Falklands, but expressed his desire “to begin talks about that issue, and in the meantime find the ways to cooperate.”

Current British Prime Minister Theresa May last month acknowledged the improvement of relations between her country and Argentina, yet she urged the Macri admiration to eliminate restrictions against oil exploration around the Falklands. Malcorra replied by calling the ties between Argentina and Britain “important in our integration with the world” and proposed eliminating “restrictive hydrocarbon measures” approved by Argentine legislators during the Kirchner regime.

By Erwin Cifuentes for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • BritBob on September 09 2016 said:
    The UK/Falklands made agreements with Argentina concerning flights, fisheries and hydrocarbons (Madrid Agreements). These agreements were voided by the Nestor Kirchner government in 2007. Best not to rely on them too much.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News