China claims almost the entire South China Sea, believed to be rich in energy and marine resources. Brunei, Malaysia, Vietnam and Taiwan also have claims. Duterte (pic) has said Beijing had offered Manila a controlling stake in a joint energy venture in the South China Sea, if it sets aside an international arbitral award that went against China.
MANILA: Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.
Energy Secretary Alfonso Cusi said on Thursday that service contractors were notified to resume energy-related activity in the area, which had been suspended from 2014 due to territorial disputes.
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