China to explore more joint oil exploration options with PH

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China to explore more joint oil exploration options with PH
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China has reiterated its commitment to explore ways to conduct joint maritime exploration after the Philippine Supreme Court declared as unconstitutional a 2005 joint oil exploration deal among China, the Philippines and Vietnam.

In a press conference on Wednesday, China’s spokesman for its Ministry of Foreign Affairs, Wang Wenbin, said: “China remains committed to properly handle maritime disputes in the South China Sea with countries directly concerned, including the Philippines, through dialogue and consultation, and to actively explore ways for practical maritime cooperation including joint exploration.”Wang also recalled President Ferdinand “Bongbong” Marcos Jr.

Wang said the Tripartite Agreement for Joint Marine Seismic Undertaking in the Agreement Area in the South China Sea in 2005 among the three Asian countries, which the high court declared unconstitutional, “was an important step by the three countries to implement” the Declaration of Conduct. “It played an important role in promoting stability, cooperation and development in the region,” he also said.

Ma. Teresita Daza, DFA spokesperson, said the agency’s actions and policy recommendations are, “at all times, anchored on the Philippine Constitution and laws.”

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manilabulletin /  🏆 25. in PH

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