CHINA'S national oil giant China National Offshore Oil Corp. made an oilfield discovery with a volume of 100 million tons in the eastern South China Sea, the company announced on Friday.The new reserve was found in the Kaiping South Oilfield, 300 kilometers off the coast of Guangdong province in the south of the country.Through continued exploration, the proved in-place volume of the Kaiping South Oilfield reached 102 million tons of oil equivalent.
China accused the Philippines of 'violating' an agreement during the RORE mission, which the Department of Foreign Affairs vehemently denied, noting that no agreement exists in terms of the country's sovereignty over the West Philippine Sea .The incident resulted in the collision between Philippine and Chinese vessels, causing injury to four Filipino security forces and damage to one of the country's boats.On Friday, Defense Secretary Gilberto Teodoro Jr.
Source: News Formal (newsformal.com)