Halliburton Withdraws from Falklands Oil Project Amid Argentine Pressure

Halliburton, a leading oilfield service provider, has refused to participate in the Sea Lion oil project off the Falkland Islands, citing pressure and "questions concerning criminal" involvement from the Argentine government. The company has declared non-involvement in any oil or gas development around the contested islands. This withdrawal underscores geopolitical risks in energy projects, which, if they lead to broader crude supply disruptions, could impact international oil prices and subsequently Pakistan's import costs and the PKR.

بحوالہ / Source: oilprice.com