The Department of Foreign Affairs is currently crafting parameters for future oil and gas exploration negotiations. | DFernandezINQ
MANILA, Philippines — The Department of Foreign Affairs is currently crafting parameters for future oil and gas exploration negotiations.
The move came after the Supreme Court declared void and unconstitutional a 2005 agreement that allowed China and Vietnam to conduct oil exploration with the Philippines in the West Philippine Sea.“The Department of Foreign Affairs is carefully studying the recently issued Supreme Court decision on the Joint Marine Seismic Undertaking,” the agency’s spokesperson Teresita Daza told reporters in a message on Thursday.
“It is, however, premature to discuss the case’s legal implications on any future agreement with China, as substantive discussions have yet to commence. We are still in the process of setting the parameters that will guide any future oil and gas talks,” she added.
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