China pressurises Vietnam to cancel, compensate offshore firms operating in South China Sea

[IblinI]

You lost $50b in tiktok. Win win.

you were the one bragged about foriegn companies drilling in scs, now you have to compensate billion, but all you can do is trying to divert the topic?

 

[Viet]

you were the one bragged about foriegn companies drilling in scs, now you have to compensate billion, but all you can do is trying to divert the topic?

That’s a long fight my friend.
Losing a battle here and there means little.
Spain is out. Russia is out.
Bad.
But we now have a new friend: Italy.
Eni just discovered the largest gas field for Vietnam.


https://www.energyvoice.com/oilandgas/asia/255731/eni-gas-find-vietnam/

 

[cochine]

Poor Vietnamese
https://www.nbcnews.com/news/world/...ck-container-were-vietnamese-british-n1075451
View attachment 658733
All 39 people found dead in truck container were Vietnamese, British police say
Police in Vietnam and Ireland made three new arrests Friday in the sprawling investigation.
LONDON — British police say they believe all 39 people found dead in a container truck in southeast England last week were Vietnamese nationals.

Detectives initially said the victims discovered near the port of Purfleet were from China.


Essex Police Assistant Chief Constable Tim Smith said Friday that "at this time, we believe the victims are Vietnamese nationals, and we are in contact with the Vietnamese government."

He said police think they have traced the relatives of some of the dead.

A 25-year-old man from Northern Ireland, has been charged with 39 counts of manslaughter and conspiracy to traffic people. Another man was arrested Friday in Ireland, and two others in Vietnam.

Police in Vietnam and Ireland made three new arrests Friday in the sprawling investigation.

Two people suspected of organizing a people-smuggling operation in Vietnam were arrested in Ha Tinh province following reports from 10 families there of missing relatives, VTV television reported.

Col. Nguyen Tien Nam, deputy chief of Ha Tinh provincial police, was quoted as saying the suspects were directly involved in the case in which people paid smugglers to be taken to England and are now feared to be among the bodies found in the container.

Police said the suspects have been organizing people smuggling in the area for several years.

Chinese immigrant is dead, much more.

Chinese migrants , was that the tragedies that happened in 2000, when 58 Chinese migrants were found dead in a lorry in Dover, and in 2004 when 23 Chinese cockle-pickers working for a gang died on a beach in Morecambe, were now much less likely.

https://theconversation.com/chinese...tragic-history-how-routes-have-evolved-125839

 

[cochine]

I don't see a problem here.
Very encouraging that racial discrimination is not practiced by the Chinese.
Anyway this African woman is beautiful.

DON'T BE A RACIST.
@waz ban this racist from this forum.
.

no word for discrimination in the paper I had link above to you chinese.

In the article also said that: "Chinese women marrying blacks is no longer something rare, whereas in comparison men very rarely dare to bring black girls back home to China. ..."

Read it again article above carefully !

 

[IblinI]

That’s a long fight my friend.
Losing a battle here and there means little.
Spain is out. Russia is out.
Bad.
But we now have a new friend: Italy.
Eni just discovered the largest gas field for Vietnam.


https://www.energyvoice.com/oilandgas/asia/255731/eni-gas-find-vietnam/

eventually, Vietnam with the current weak defense industry is too vulnerable.

 

[Viet]

eventually, Vietnam with the current weak defense industry is too vulnerable.

True
But you really want to test your limits? you should look that way:
do you want parts of the seas occupied and controlled by the US or Japan navies? Instead of Vietnamese navy?
Is that what you want eventually?

 

[IblinI]

True
But you really want to test your limits? you should look that way:
do you want parts of the seas occupied and controlled by the US or Japan navies? Instead of Vietnamese navy?
Is that what you want eventually?

US is US, Vietnam is Vietnam.

 

[IblinI]

True
But you really want to test your limits? you should look that way:
do you want parts of the seas occupied and controlled by the US or Japan navies? Instead of Vietnamese navy?
Is that what you want eventually?

you don't sound confident mentioning other countries in every of your post.

 

[Viet]

you don't sound confident mentioning other countries in every of your post.

We are brave but not stupid.
You can’t win against the US Navy.

 

[Viet]

LOL poor Vietnam will pay another $1 billion to Italy
LOL we already spanked the US Navy. That's why we control the South China Sea

We will see keep your Lol. I bet on more sanctions on chinese companies.
As for $1b PetroVietnam bought the stakes of Spain and Russia so the losses are limited.

 

[vi-va]

https://economictimes.indiatimes.co...g-in-south-china-sea/articleshow/77189742.cms

Washington DC: Amid the growing Chinese movement in the South China Sea, Vietnam has agreed to pay around a billion dollars to two international companies after cancelling their drill operations following pressure from Beijing, The Diplomat reported.

To maintain its presence in the South China Sea region, China, for several years, continued its efforts to prevent the Vietnam-based companies developing oil and gas resources in the area.

Citing a well-placed oil industry source, Bill Hayton, author of the article, said, "Vietnam's state-owned energy company PetroVietnam will pay the money to Repsol of Spain and Mubadala of the United Arab Emirates in 'termination' and 'compensation' arrangements."

Meanwhile, Russian energy company Rosneft has been forced to suspend its plans for drilling offshore even as China Coast Guard vessels continue operating in the area where the drilling was supposed to place.

In another instance, a drilling rig standing in the Vietnamese port of Vung Tau for two months has been stood down. "Its owners, Noble Corporation, noted that the contract "includes a termination payment. This is likely to cost Vietnam several million dollars more," the author said.

Similarly, Repsol, once one of the largest players in Vietnam's offshore industry and owning rights in 13 blocks of the seabed, had to cancel its planned exploration drill in July 2017 and again on March 2018.

Hayton said, "With minimal interests in China, Repsol appeared ready to withstand political pressure from Beijing. Two of its best development prospects were particularly bold: located at the far edge of Vietnam's claimed exclusive economic zone (EEZ) and well within the U-shaped, nine-dashed line drawn on Chinese maps since 1948..."

Repsol executives were reportedly informed that the cancellations were a political decision, ordered by top Vietnamese leadership, following extreme pressure from China, Hayton said.

The author said, "China had assembled a flotilla of 40 naval ships off the coast of Hainan Island, about two days' sailing from the drill site, and it appeared to be ready for confrontation."

As compensation for the investments made by Repsol and Mudabala, Vietnam is paying USD 800 million for their rights in the blocks and a further USD 200 million, Hayton quoted a regional oil industry source with knowledge of the settlement as saying.

"This will be a billion dollars that PetroVietnam would otherwise have paid into the Vietnamese government's budget."

GOOD GOOD GOOD JOB