Saturday, June 15, 2019

East Sea News

PetroVietnam: Maritime Tensions Weigh on Operations

(Photo: PetroVietnam)

Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year, down 11.45 percent from last year's output, it said in a statement.Vietnam and China have been embroiled in maritime disputes in parts of the busy waterway, where China claims 90 percent of the potentially energy-rich maritime territory, which Vietnam calls the East Sea."The complicated developments in the East Sea have heavily impacted the exploration and development activit

China Warns Japan, Philippines Chastises China

China warned Japan on Friday to stay out of a growing dispute with its neighbors over the South China Sea, as the Philippines implicitly accused Beijing of delaying talks aimed at a solution. China claims almost the entire South China Sea, rejecting rival claims to parts of it from Vietnam, the Philippines, Taiwan, Malaysia and Brunei in one of Asia's most intractable disputes and a possible flashpoint. It also has a separate maritime dispute with Japan over islands in the East Sea. Japanese Prime Minister Shinzo Abe on…

Vietnam PM: Chinese Oil Rig Threatens Peace

China's positioning of its biggest mobile oil rig in disputed waters in the South China Sea seriously threatens peace, stability, and maritime safety, Vietnam's prime minister said on Wednesday, urging the international community to condemn Beijing's action. Nguyen Tan Dung held two-way talks with Philippine President Benigno Aquino during an official two-day visit to Manila to discuss defence and security and economic and cultural ties. "China's illegal placement of the oil rig seriously threatens peace, stability, maritime safety and freedom of navigation in the East Sea…