Vietnam Warns China to Halt Oil Bids in Exxon-Awarded Area
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Vietnam’s state-run oil explorer warned China to halt efforts to develop disputed areas of the South China Sea that Hanoi’s leaders have already awarded to companies including Exxon Mobil Corp. and OAO Gazprom.
Vietnam Oil & Gas Group, also known as PetroVietnam, will ask China National Offshore Oil Corp., the government-owned parent of Cnooc Ltd., to cancel an invitation for foreign companies to explore nine blocks, Chief Executive Officer Do Van Hau told reporters in Hanoi yesterday. PetroVietnam and its partners will continue exploring in the area and asked foreign companies not to bid for the nine blocks, he said.