Thursday, January 24, 2013

Voice of America: Philippines Aims to Drill in South China Sea

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
Philippines Aims to Drill in South China Sea
Jan 24th 2013, 13:31

This week, the Philippines announced it will take China to an international arbitration tribunal because of Beijing's claim of nearly the entire South China Sea. The years-old squabble has long deterred most oil and gas prospectors from the region - but not all of them. A Philippine company is hoping to work with a Chinese state-owned entity to drill for natural gas in the disputed waters. On hold Forum Energy is stuck in a holding pattern. The British-based company, which is ...

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