Vietnam Says Cnooc’s South China Sea Bids Violate Territory
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Cnooc Ltd.’s moves to develop oil-and gas-rich northern areas of the South China Sea violates Vietnam’s sovereignty, the Vietnamese Foreign Ministry said.
China’s biggest offshore oil explorer opened bids to foreign companies last year for 19 blocks near the disputed Paracel Islands, according to its website. Vietnam singled out Block 65/24, which it said sits one nautical mile from one of the Paracels, in denouncing a range of Chinese actions that violate its territory.