ADVERTISEMENT“I must emphasize that whatever the outcome of this MOU, the rights of existing Service Contract holders will be protected,” Cusi said in a statement. “I understand that there is great interest in the MOU signed with China. “A component of this is developing new indigenous energy resources in the West Philippine Sea,” he added. ADVERTISEMENTOn Tuesday, during Chinese President Xi Jinping’s state visit here, the two nations signed 29 agreements, one which was the MOU on cooperation in oil and gas development. /mufREAD: PH, China sign MOU on oil and gas development, 28 other dealsRead Next

Source: Philippine Daily Inquirer November 23, 2018 06:45 UTC