Bullionguru’s,”China urges halt to oil drilling in disputed South China Sea”

© Reuters. FILE PHOTO: A Vietnamese naval soldier stands quard at Thuyen Chai island in the Spratly archipelago

China’s Foreign Ministry has urged a halt to oil drilling in a disputed part of the South China Sea, where Spanish oil company Repsol (MC:REP) had been operating in cooperation with Vietnam.

Drilling began in mid-June in Vietnam’s Block 136/3, which is licensed to Vietnam’s state oil firm, Spain’s Repsol and Mubadala Development Co of the United Arab Emirates.

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