The news that India and Vietnam planned to cooperate in the exploitation of energy in the South China Sea has recently appeared in the Indian media. "Hindustan Times" reported on September 18 that India's state oil and gas company (OVL) was not moved by China's opposition and may soon sign a "memorandum of understanding" with Vietnamese oil companies to discuss "strategic cooperation" between the two sides. Matters.
According to the report, the memorandum is expected to be signed when Vietnam visits India in the second week of October. The memorandum to be signed between Indian Oil Company and Vietnam's state-owned oil company has a "strategic cooperation" nature, which also means that there will be more energy mining projects in the future, which will infuriate the entire South China Sea as the scope of Chinese sovereignty. China.
The report said that despite the serious warnings from the Chinese side, energy security is still the top issue currently discussed in the bilateral cooperation agenda between India and Vietnam. An Indian official stated: “Energy security is the most important. The Indian oil company has been in Vietnam for the past 10 years. The Memorandum of Understanding to be signed will push forward the cooperative relationship between the two oil companies.†According to reports, The Indian oil company’s current investment in Vietnam already accounts for half of India’s total investment of 400 million U.S. dollars in Vietnam.
The report also pointed out that the above-mentioned "Memorandum of Understanding" is just one of the many cooperation agreements that Zhang Jinchuang will sign with India when he visits India next month. India will also announce several decisions to strengthen the relations between the two countries, including increasing the credit limit for Vietnam and proposing a plan to build an IT industrial park in Vietnam.
Regarding India’s intention to enter the South China Sea to explore oil and gas resources, the Chinese Foreign Ministry has stated that China has always opposed any country’s oil and gas exploration and development activities in the sea areas under China’s jurisdiction and hopes that foreign companies will not become involved in the dispute over the South China Sea.
According to the report, the memorandum is expected to be signed when Vietnam visits India in the second week of October. The memorandum to be signed between Indian Oil Company and Vietnam's state-owned oil company has a "strategic cooperation" nature, which also means that there will be more energy mining projects in the future, which will infuriate the entire South China Sea as the scope of Chinese sovereignty. China.
The report said that despite the serious warnings from the Chinese side, energy security is still the top issue currently discussed in the bilateral cooperation agenda between India and Vietnam. An Indian official stated: “Energy security is the most important. The Indian oil company has been in Vietnam for the past 10 years. The Memorandum of Understanding to be signed will push forward the cooperative relationship between the two oil companies.†According to reports, The Indian oil company’s current investment in Vietnam already accounts for half of India’s total investment of 400 million U.S. dollars in Vietnam.
The report also pointed out that the above-mentioned "Memorandum of Understanding" is just one of the many cooperation agreements that Zhang Jinchuang will sign with India when he visits India next month. India will also announce several decisions to strengthen the relations between the two countries, including increasing the credit limit for Vietnam and proposing a plan to build an IT industrial park in Vietnam.
Regarding India’s intention to enter the South China Sea to explore oil and gas resources, the Chinese Foreign Ministry has stated that China has always opposed any country’s oil and gas exploration and development activities in the sea areas under China’s jurisdiction and hopes that foreign companies will not become involved in the dispute over the South China Sea.
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