Vietnam says others should respect its right to drill for South China Sea oil

Vietnam says others should respect its right to drill for South China Sea oilVietnam on Friday said other countries should respect its legitimate right to drill for oil in its waters amid growing tension with China over energy development in the South China Sea. The drilling began in mid-June in Vietnam’s Block 136/3, which is licensed to Vietnam’s state oil firm, Spain’s Repsol and Mubadala Development Co [MUDEV.UL] of the United Arab Emirates. The block lies inside the U-shaped “nine-dash line” that marks the vast area that China claims in the sea and overlaps what it says are its own oil concessions.



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