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Economy 2 MIN READ

Philippines open to new oil exploration talks with China -minister

August 31, 2022By Reuters
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Philippine inflation slows, but more tightening expected September 6, 2022 China says warned away U.S. warship in South China Sea January 20, 2022 Gold retreats on comeback in US dollar, yields October 5, 2022

MANILA, Aug 31 (Reuters) – The Philippines is open to new talks with China on oil and gas exploration, the Southeast Asian country’s foreign minister said on Wednesday.

A deal with China or any other country on joint oil and gas exploration, however, should comply with Philippine laws, Foreign Affairs Secretary Enrique Manalo, said during a congressional hearing on his department’s 2023 budget.

Talks over joint energy exploration between Manila and Beijing in the South China Sea had been terminated, Manalo’s predecessor said in June, citing constitutional constraints and issues of sovereignty. nL1N2YA0N7

President Ferdinand Marcos Jr, who took power in June, said last month he would try to “find ways to work to resolve the conflicts that we have” with China, so ties could normalise after years of maritime disputes.

Manalo told lawmakers that future activities related to oil and gas cooperation in the South China Sea “will be anchored on the Philippine constitution and with the national interest as the primordial consideration”.

China’s embassy in Manila did not immediately respond to a request for comment on Manalo’s remarks.

A 2016 international arbitration ruling made clear the Philippines had sovereign rights to exploit energy reserves inside its 200-mile Exclusive Economic Zone. But China, which claims about 90% of the South China Sea as its territory, has refused to recognise that decision.

(Reporting by Enrico Dela Cruz
Editing by Bernadette Baum)

((enrico.delacruz@thomsonreuters.com))

This article originally appeared on reuters.com

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