Argentina and UK at odds over ownership of Latin America islands . Falklands government says it has `` every right '' to develop hydrocarbons industry . In a statement last week , the Falkland Islands government , which represents its 2,500 residents , said it had `` every right to develop a hydrocarbons industry within our waters . '' British president says a number of countries in the region support Britain 's position . Venezuela 's outspoken leader Rafael Correa urges Argentina to return the islands .
Argentina and UK at odds over ownership of Latin America islands . Falklands government says it has `` every right '' to develop hydrocarbons industry . British president says a number of countries in the region support Britain 's position . Venezuela 's outspoken leader Rafael Correa urges Argentina to return the islands .