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  • » 03/15/2005, 00.00

    CHINA-PHILIPPINES-VIETNAM

    Beijing, Manila and Hanoi strike deal over Spratleys' oil



    Manila (AsiaNews/Agencies) – The China National Offshore Oil Corporation, Philippine National Oil and Vietnam Oil & Gas have agreed to conduct a seismic survey of the Spratly Islands, a group of 100 reefs and islets located in the South China Sea.

    The survey is scheduled to last three years and should determine whether there are any oil and gas reserves in the area, Eduardo Manalac, president of state-owned Philippine National Oil, said.

    Mr Manalac said the companies involved, which have already cooperated in the past, were still working out the budget for the pre-exploration activity, but that it would be shared equally. He described the agreement as a purely "commercial transaction that has no reference to political claims or territorial rights".

    A spokesman for Filipino President Gloria Macapagal-Arroyo hailed the deal as "a model-setting approach on the South China Sea issue and on forging partnerships on energy security".

    The area is claimed by China, Vietnam, Taiwan, the Philippines, Brunei and Malaysia.

    Mainland China and Vietnam, both of which have built permanent structures in the Spratlys, clashed over the islands in 1988 and 1992.

    Last week, the Philippines and Vietnam announced plans to conduct scientific research in the waters around the islands next month. The move was criticised for not respecting the principles enshrined in the ASEAN declaration on the South China Sea signed two years ago that forbids construction on the islands.

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    See also

    04/06/2011 VIETNAM - CHINA - PHILIPPINES
    Vietnamese take to streets against Beijing’s incursions in the South China Sea
    Born on line, the protest sees people picket diplomatic missions in Hanoi and Ho Chi Minh City. The Philippine government announces a protest to the United Nations. United States also concerned as China sets its sights on Spratly and Paracel islands.

    01/04/2014 PHILIPPINES - CHINA
    South China Sea: Manila calls on UN to stop Beijing
    The Filipino government has filed a case before a UN tribunal, submitting 4,000 pages of evidence and more than 40 nautical maps. For China, Manila's request is a violation of "international law and the historical truth as well as against morality". Washington gets involved slamming China's "provocative and destabilising action" against Filipino ships. Increasingly, Beijing's foreign policy is becoming "aggressive."

    15/12/2016 14:21:00 CHINA – UNITED STATES
    US experts: China is ready in case of conflict in the South China Sea

    Asia Maritime Transparency Initiative releases new images showing that Beijing has installed weapons and missile defence systems on seven artificial islands built in disputed areas. "We did not know that they had systems this big and this advanced there,” says expert.



    18/08/2016 10:13:00 CHINA - ASEAN
    Manila conducive to bilateral talks with Beijing to resolve disputes in the seas

    President Duterte does not intend to raise territorial issues in the South China Sea during the next ASEAN summit. He wants to address the issue "face to face", avoiding open conflict. Jakarta reaffirms its sovereignty projects and is ready to change the name of the waters off the coast of Borneo. It will present its request soon to the UN.



    11/03/2014 VIETNAM
    Vietnam, the Philippines and Malaysia find common ground against Beijing's "imperialism"
    Southeast Asian nations are increasingly concerned over repeated attacks by Chinese (paramilitary) boats against their fishing and commercial vessels. Hanoi stands with Manila as the latter sues China over maritime boundaries in an international court. Malaysia also join the fray, worried over Chinese incursion near James Island.



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    VATICAN
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