China considers the South China Sea its “own sea.” All of it, including the artificial islands Beijing has been building in disputed waters and the riches that are hidden below the vast sea area.
China’s Foreign Ministry has urged a halt to oil drilling in a disputed part of the South China Sea, where Spanish oil company Repsol had been operating in cooperation with Vietnam.
Strong threats from China have led Vietnam to reportedly end a gas-drilling expedition in a disputed area of the South China Sea.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has got a two-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea.
Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.