Politics
Malvinas extends oil licences, despite Milei's measures: what is Sea Lion, the project that increases tension?
The decision of the Government of the Malvinas Islands, under British administration, to extend for five years the oil exploration permits put energy resources back at the centre of the sovereignty dispute with Argentina, just as the Government of Javier Milei has moved from diplomatic protest to a legal offensive against the companies involved and is preparing a law to extend the sanctions. The development of Sea Lion, which plans to start producing crude oil in 2028, thus turns a long-term territorial dispute into a conflict with business consequences.