| The Falkland Islands, known to the Argentinians as Islas Malvinas is an island chain located in the Southern Atlantic Ocean. The Falklands comprise of two key islands and more than 700 minor ones. It lies 290 miles from the coast of mainland South America.
The islands are currently under the rule of the United Kingdom. There is a possibility of a major oil windfall off the Falklands. For 2012, oil explorers are aiming for 8.3 billion barrels of oil around the Falklands...............................................Full Article: Source
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