Vietnam paying price for SCS climbdown

binУЄre optionen halal The Spanish firm is claiming compensation following the abrupt cancellation of its project off the Vietnamese coast.

follow Vietnam may have to pay millions of dollars in compensation to a Spanish oil firm following its latest retreat in the face of threats from China.

strategia opzioni binarie candele Repsol has confirmed that it is in talks with the Vietnamese government following the abrupt cancellation of the “Red emperor” oil and gas project off Vietnam’s southeastern coast in March.

Dettagli here - Agenzia Doganale 0481798845 Via Grota Del Diau, Zot 2 visualizza indirizzo, numero di telefono, CAP, mappa, indicazioni stradali e The company was informed just days before drilling was due to start that the project was being shelved. A platform, rig and tankers now lie idle in the southern port of Vung Tau and the compensation claim being pressed by Repsol is likely to be substantial. follow Muscle flexing

see Vietnam has made no public comment on its decision, such is the sensitivity of any decision made under pressure from China.

enter site China is reported to have threatened military action to force Vietnam to cancel a similar project in an adjacent block near Vanguard Bank last year.

source Both areas are within Vietnam’s 200-nautical-mile EEZ but are also close to areas claimed by China as part of its “historical rights” to much of the South China Sea.

source Beijing has warned international oil firms not to get involved with Vietnamese projects in disputed waters, and its current muscle flexing in the South China Sea has underlined the potential threat to Vietnam.

easy going dating profile The “Red Emperor” project could have been worth $200 million to Vietnam. China’s growing dominance in the region looks set to stymie any hope of a much needed boost for the Vietnamese budget.

Public debt has soared to 64% in recent years and further austerity is likely as existing oil reserves are exhausted.