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ItsmorefuminPH

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ItsmorefuminPH

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Monday, 11/19/2018 12:20:59 AM

Monday, November 19, 2018 12:20:59 AM

Post# of 12369
One way China could bypass Locsin’s department would be for state-owned China National Offshore Oil Corporation (CNOOC) to buy a chunk of Forum Energy (mainly owned by Philippine listed PXP Energy Corporation). Forum acquired from the DOE ‘Service Contract No. 72’, which gives it the right to explore and extract oil and gas in an area that includes Reed Bank in the South China Sea.


https://www.scmp.com/week-asia/geopolitics/article/2172519/chinas-xi-visits-philippines-has-south-china-sea-oil


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