Britain and Argentina have renewed their...
still if nobody remembered that they exist.Tensions between the countries flared up again when the British oil company Desire Petroleum started drilling exploration wells some 60 miles north of the archipelago"s administrative center, Port Stanley.
Argentinean President Cristina Kirchner reacted immediately, denouncing the move as a violation of UN resolutions on the Malvinas/Falklands, which call on both countries to renew sovereignty negotiations and abstain from taking unilateral measures, and evidence of a lingering colonial attitude, among other things
Diplomatic relations between Argentina and the U.K. were cut off after the Malvinas/Falklands War, but were renewed in the early 1990s.
According to geological surveys carried out in 1998, there could be 60 billion barrels of oil in the area around these southern islands. Desire Petroleum"s own studies have confirmed close to three billion barrels of oil.