Sunday 6 January 2013

INQUIRER.net: China open to joint oil dev’t in Recto Bank

INQUIRER.net
Philippine News for Filipinos
China open to joint oil dev't in Recto Bank
Jan 6th 2013, 16:23

The Philippines and China may forge ahead with the joint exploration of oil and gas reserves in the West Philippine Sea, which the latter calls the South China Sea, even as their leaders continue to squabble over boundaries.   Chinese Ambassador to the Philippines Ma Keqing made this suggestion as she said these resources could remain idle for a very long time if the Philippines and China waited for a final resolution of their territorial dispute before engaging in any commercial development in the area.   In an interview with the Philippine Daily Inquirer editorial team last month, Ma said the Philippines and China should allow oil and gas prospectors—China N...

Keep on reading: China open to joint oil dev't in Recto Bank

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