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Philippines ended 6 year moratorium
Oct. 30, 2020
Source: worldoil.com

Philippines ended 6 year moratorium

Earlier this month Philippines President lifted the 6-year ban for advancing oil exploration with China in the South China Sea. The moratorium was ended to exercise the Philippines exclusive right in the area and also to have actual projects talks with the Chinese entities. The moratorium was the part of the South China Sea arbitration case which was ruled in the favor of the Phillippines in 2016.

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