CAC MID 60

CACMD
Real-time Quote. Real-time  - 07/01 12:05:02 pm
12971.62PTS -0.48%

Philippines says offshore joint energy exploration talks with China terminated

06/23/2022 | 06:56am

MANILA (Reuters) - 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.

(Reporting by Neil Jerome Morales and Karen Lema; Writing by Martin Petty; Editing by Kanupriya Kapoor)

© Reuters 2022
Copier lien
Latest news about "Economy & Forex"
3m ago
6m ago
6m ago
8m ago
11m ago