Punta Arenas is the regional capital of the Magallanes y Antártica Region located in Chilean Patagonia. Punta Arenas is located on the Brunswick Peninsula and was founded in the 17th century by Englishman J. Byron who gave it the name of Sandy Point. With a population of around 125,000 (2015), it is the largest settlement on the Strait of Magellan and is located 1418 km from the coast of Antarctica. The history and economic growth of the city is based on maritime commerce, oil extraction, and sheep breeding.
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