SC voids old South China Sea energy deal

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The Supreme Court on Tuesday declared the country’s 2005 energy exploration agreement with Chinese and Vietnamese firms was illegal, ruling the constitution does not allow foreign entities to exploit natural resources

The Supreme Court in the Philippines on Tuesday declared the country’s 2005 energy exploration agreement with Chinese and Vietnamese firms was illegal, ruling the constitution does not allow foreign entities to exploit natural resources.oil and gas exploration talks

China and the Philippines have sparred for decades over sovereignty and natural resources in the South China Sea, which led to a landmark arbitration case in 2016 won by Manila. Philippine President Ferdinand Marcos Jr, ahead of a visit to China last week, said his country must find a way toin its exclusive economic zone, even without China’s expertise.

 

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