Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.
Argentine ambassador in London, Alicia Castro complained about being summoned to the Foreign Office over the Falklands/Malvinas Islands dispute revealing she asked the British official if it was “an expression of British humor or a political paradox”, since the UK has failed to comply with international law for the last five decades.