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This year(2012) marks the 30th anniversary of the Malvinas (Falkland) war. A series of talks between the British and Argentina took place over 30 years until 1982, but failed to reach a conclusion on sovereignty. Argentina claims that sovereignty of the islands was transferred to Argentina from Spain upon independence, a principle known as uti possidetis juris. But UK claims that the principle of uti possidetis juris is not accepted as a general principal of international law, and UN General Assembly resolutions calling for negotiations are flawed because they make no reference to the islanders’ right to choose their own future. In this situation, a huge amount of petroleum and natural gas has discovered near the Malvinas islands. To explore such situation, this article looks into history and present condition on dispute of Malvinas sovereignty, and also analyses de-colonialism and resource nationalism related to dispute of Malvinas sovereignty.