President Aquino is open to the idea of a Chinese company joining an oil and gas exploration in Recto Bank in the West Philippine Sea (South China Sea) but says it has to comply with Philippine laws. The prospective partner, China National Offshore Oil Corp. or CNOOC, has to recognize that Recto Bank is part of Philippine territory, the President said. "We're talking about Recto Bank here. We can't split Recto Bank with them. Recto Bank is ours. If they want to join, why not? We're open to investors but they should comply with our laws," Mr. Aquino said in Thursday's dialogue with Radio Mindanao Network reporters. "We believe in ou...
Keep on reading: Aquino open to joint oil dev't of Recto Bank, but …
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