Philippines says offshore joint energy exploration talks with China terminated
FILE PHOTO: Motorists drive their vehicles past oil prices electronic board of Phoenix petrol station in Paranaque city, Metro Manila, February 4, 2016. REUTERS/Erik De Castro
MANILA : Talks over possible joint energy exploration between the Philippines and China in the South China Sea have been terminated, the Philippine foreign minister said on Thursday.
Teodoro Locsin in a speech said the Philippines' objective of exploiting its offshore energy reserves could not be achieved if it were at expense of sovereignty. He did not elaborate on the decision on the talks, which were centered on assets located in the Philippines exclusive economic zone.
China's embassy in Manila did not immediately respond to a request for comment.
Source: Reuters
