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MANILA, Philippines---President Rodrigo Duterte on Thursday said he would push for the «exploitation of natural resources» in the West Philippine Sea through the joint oil exploration deal with China when he meets Chinese President Xi JiJoint oil exploration deal with China: Duterte OK with 60-40 split in PH’s favor
MANILA, Philippines---President Rodrigo Duterte on Thursday said he would push for the «exploitation of natural resources» in the West Philippine Sea through the joint oil exploration deal with China when he meets Chinese President Xi Jinping later this month. Duterte said he doesn't see anything wrong with China's proposal to split oil resources in the West Philippine Sea in Manila's favor. «They have proposed a 60-40 (deal), okay na 'yun para sa akin,» Duterte said. «But that could be a later topic if we have time.» The Philippines and China signed a memorandum of understanding (MOU) for oil and gas exploration during Xi's state visit to the country last year. REA...Keep on reading: Joint oil exploration deal with China: Duterte OK with 60-40 split in PH’s favor Read more