Britain finds oil near the Falklands and Argentina fumes

Argentina reacted with fury last night to the news that British company Rockhopper Exploration had made significant oil discoveries in waters around the Falkland Islands.

As news broke that the company had encountered a 53m-thick deposit of oil 220km (135 miles) north of the islands, that could lead to the discovery of up to 200 million barrels of oil worth £17 billion at current prices, Argentina’s Foreign Minister Jorge Taiana condemned British actions in the region as “illegal” and “unilateral”.

Argentine media labelled the British as “pirates” and said that British action in the region “would push Argentina to its limits”.

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