Philippine lawmaker talks over potential oil deals with China
Philippine legislators are discussing joint oil and gas exploration agreements with China amid global energy shortages. This move faces caution from legal experts concerned about the long-term costs of such deals.
Philippine lawmakers have voiced hope that joint oil and gas exploration deals with China could proceed amid the global energy crunch, despite a former Supreme Court justice warning that accepting Beijing’s terms would be tantamount to “suicide” for Manila. Senate President Vicente Sotto III earlier this week backed President Ferdinand Marcos Jnr’s intention to resume talks with China on such ventures, given the impact of the Middle East conflict. In 2023, Marcos Jnr and Chinese President Xi...