Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
China finishes oil drilling in disputed waters
July 16, 2014 , 10 : 21 am GST
SAVE THIS ARTICLE
Chinese coastguard ships give chase to Vietnamese coastguard vessels (not pictured) after they came within 10 nautical miles of the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the South China Sea, July 15, 2014. Photo - Reuters
An oil rig that China moved into contested waters to the fury of Vietnam has finished drilling "as planned", the energy company behind the project said, a month earlier than expected.
The official news agency Xinhua said the giant rig would be withdrawn to the area of China's Hainan island.
Relations between the Communist neighbours have plummeted since the oil rig was moved near the Paracel Islands in the South China Sea in May.
Beijing and Hanoi are embroiled in a bitter territorial dispute over claims in the area, and there have been repeated skirmishes between dozens of Chinese and Vietnamese vessels since the rig was deployed, along with a wave of deadly anti-Chinese riots in Vietnam.
"The mission has been completed smoothly as planned, and oil and gas has been discovered," a statement from China National Petroleum Corp (CNPC) posted on its website late Tuesday said.
"The data collected will be analysed and a decision made on the next step," the statement added.
The statement did not give any indication of the quality of the reserves, or how they could be exploited.
China previously said the drilling would continue until August 15.
China is embroiled in a series of disputes with its southeast Asian neighbours over its expansive claims to the South China Sea.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Air Algerie loses contact with plane over west Africa
US lifts Israel flight ban as Kerry cites truce 'progress'
More MH17 bodies return to Netherlands as EU mulls Russia sanctions
India train hits school bus, at least 11 children dead
Attack on bus in Iraq kills 51 prisoners, nine police
TOP RATED ARTICLES
Just people on the deserted beach
Saleh Al Shaibany
Diabetics need to exercise caution during the month of Ramadan
His Majesty’s long-term vision spurred growth: MPPH chairman and editor-in-chief
Oman Air connects Duqm
Times News Service
His Majesty receives Renaissance Day greetings
More in News
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Italian violinist strikes a chord with street children
Tips for writing a good article
How to choose your writing form and communicate your creative thoughts
Natasja Engholm - Special to Times of Oman
More in Features
Arrogance will one day destroy America
Media doesn’t tell real story of Middle East
Commendable maiden effort of the new government
Syrian ‘moderates’ aren’t so moderate in Iraq
Isis is the backlash of an unreal revolution
More in Columns
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial