India's state-run oil firm ONGC plans to press ahead with long-term partner Vietnam in exploring the disputed South China Sea for oil, shrugging off complaints by China, a report said Thursday.
ONGC has accepted Vietnam's proposal to maintain its investment in Block 128, as Hanoi has offered additional data to help make future exploration economically feasible, Dow Jones Newswires said.
The move marks a reversal of India's position as the country's junior oil minister R.P.N. Singh said in May ONGC had decided to return Block 128 to Vietnam.
India's decision could rile China, which has repeatedly said it has "indisputable sovereignty" over essentially all of the mineral and fuel-rich South China Sea, a key trading route.
But India insists the area ONGC wishes to explore is well within Vietnam's territorial waters.
India, worried about encirclement by Chinese interests in the South Asian region, has been cooperating with Vietnam since the early 1990s as part of its "Look East policy" aimed at expanding ties with its eastern neighbours.
Vietnam's offer to India comes after China National Offshore Oil Corp. in June offered for bidding nine blocks in the South China Sea for joint exploration with foreign companies, including parts of Block 128.
Vietnam says Block 128 is inside its 200-nautical-mile exclusive economic zone granted under the United Nations' Law of the Sea.
PetroVietnam has urged China to cancel the bidding for the blocks, saying they are in Vietnamese waters and has called on foreign companies not to take part, Dow Jones said.
7 comments:
Bravo, Indian friends. Fuck off China and its dark dog, Cambodia.
Smart Viet
so does Russian oil company, BTW, they just chased down, shot and captured Chinese fishermen/ship and Chinese govt is too scare to do shit about Russia except paying money to bail their men out. But they turn around and bully fellow Asians.
In 1962, there were a war between indian and china about border dispute..... china kicked indian's ass like a dog. Virtnam is capable to explore for oil by itself but we already know vietnamese are germs, they're trying to use indian to stir the problems because vietnamese are afraid of chinese super power. I want to see china or india or rusia to show which one is the real super power of communist shit countries nowadays.
@5:38 AM,
Indians love stacking weaponry for a show and won't dare to incite China to a real confrontation. If you think these dirty monkeys taking a bullet for you GOOKS, then you're in a lala land. If you want to find out who will come to you aid just fire the first short. When the PLA unleashes its military might and engulfing you Viet in flame, the US and India will stray afar enjoying the fireworks!!! You gooks are ungrateful, tricky, and don't have any real friends. The US hatred lies deep with you fish sauce inbreed.
Chinese-Khmer
7:26AM,
The incidents are under investigation as China demand Russia in swift response. Sino/Russia alliance is at all time high and this mishaps was over reacted by the patrol guards that over-exited and hyped off. Remember when China slung down the Viet's Navy like falling domino and sank its junk to the seabed several years back on the disputed island that's call intimidation. Russian won't dare do it to China because they know the Chinese values one of his own and fight back--not like you viet dick-less no back-bones inbreed stand idle after the onslaught of your men and feed them to the fish. What a sissy inward chimps.
Khmer is copycat of India, everything is copied from ancient great India. Even the shit, Khmer want to have the same shape as Indians. LOL
To 10:59AM
What about your Vietnamese writing system copying from the French!LOL
This is the beauty of it all is that the Khmer borrowed from India and make it unique!
The Vietshit borrow everything from China and make it Chinese!LOL
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