The Falklands / The Malvinas - (again?)

[Data-Lynx]

Arranged between John Major and Carlos Menem and concluded in Washington, the 1995 agreement aimed to remove political uncertainties arising from sovereignty claims to the area by both countries which could dampen foreign interest in exploiting potential oil reserves. Nestor Kirchner cancelled the agreement in Mar 2007.

The Hydrocarbons Agreement was signed on 27th September 1995 between the British and Argentine Governments, with active participation by the Falkland Islands Government. Agreed to designate part of the South West Atlantic as an Area of Special Co-operation, and to co-operate through the establishment of a Joint Commission in order to encourage the exploration and exploitation of hydrocarbons in the South West Atlantic by the offshore gas and oil industry.