Chinese coastguard ships give chase to Vietnamese coastguard vessels (not pictured) after they came within 10 nautical miles of the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the South China Sea, July 15, 2014. REUTERS/Martin Petty
SHANGHAI/HANOI (Reuters) - A Chinese oil rig has finished drilling near the disputed Paracel islands in the South China Sea after finding signs of oil and gas and is being moved away from the area, more than two months after its deployment damaged relations with Hanoi.
The Vietnamese coastguard said the $1-billion (583.27 million pounds) rig had been towed from contested waters. China's official Xinhua news agency said the rig would be relocated off the southernmost island province of Hainan. It gave no timeframe.
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