Falklands oil exploration 'illegal'

AOL Money Staff
Falklands
Falklands

Argentina has asked stock markets in New York and London to warn investors of its claim that five oil exploration companies are working illegally off the Falkland Islands, which Argentina contends were stolen by Britain more than a century ago.

Foreign Minister Hector Timerman announced that he had sent letters to the directors of both markets urging them to force any company involved in oil exploration near the islands to warn investors that the companies risk civil and criminal penalties in Argentina, which considers the "Islas Malvinas" to be part of its sovereign territory.