China sea claim nips oil deal

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 55%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

The Philippines is finding ways to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr. said Friday, adding that the country has the right to exploit energy reserves in the contested waterway- READ:

The Philippines is finding ways to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr. said Friday, adding that the country has the right to exploit energy reserves in the contested waterway.

“The Philippines was saying that our laws must be followed, while the Chinese were saying, ‘No, that’s ours so our laws are what we must follow,” the President said. He said talks over joint energy exploration between Manila and Beijing in the South China Sea had been terminated by the previous government in June, citing constitutional constraints and issues of sovereignty.

In November 2018, the Philippines signed a memorandum of understanding with China on joint oil and gas development in the West Philippine Sea.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in ENERGY

Energy Energy Latest News, Energy Energy Headlines