{"id":173470,"date":"2018-07-26T23:52:37","date_gmt":"2018-07-27T03:52:37","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=173470"},"modified":"2018-07-26T23:52:37","modified_gmt":"2018-07-27T03:52:37","slug":"ph-china-oil-exploration-deal-scs-equal-better-malampaya","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/26\/ph-china-oil-exploration-deal-scs-equal-better-malampaya\/","title":{"rendered":"PH-China oil exploration deal on SCS ‘equal or better’ than Malampaya"},"content":{"rendered":"
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“We’re working on the details but what I can assure the public, it will be the same or better than the contract in Malampaya. That way critics won’t find fault,” Cayetano said in a DZMM interview on Wednesday.(PNA photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Department of Foreign Affairs Secretary Alan Peter Cayetano assured that the Philippine government would ink a joint exploration deal with China that is “equal or better” than its contract in Malampaya.<\/p>\n

“We\u2019re working on the details but\u00a0ang masasabi ko lang sa publiko, pareho o mas maganda sa kontrata sa<\/em>\u00a0Malampaya.\u00a0Para walang masabi ang kritiko<\/em>\u00a0(We’re working on the details but what I can assure the public, it will be the same or better than the contract in Malampaya. That way critics won’t find fault),” he said in a DZMM interview on Wednesday.<\/p>\n

If Malampaya carries a 60-40 arrangement, Manila will not settle on a partnership less than 60 percent ownership, he added.<\/p>\n

Cayetano also defended the government’s move to pursue talks on joint exploration with China.<\/p>\n

“Ang tanong ko nga, kukuha din naman tayo ng<\/em>\u00a0partner,\u00a0ke<\/em>-Indonesian,\u00a0ke<\/em>–taga<\/em>-Saudi, Dutch,\u00a0kukuha tayo ng<\/em>\u00a0partner\u00a0sa pag<\/em>-explore.\u00a0Anong mawawala<\/em>\u00a0that we do it with our neighbors? (My question really is if we are to get a partner, whether it’s from Indonesia, Saudi Arabia, or the Dutch, we will eventually get a partner to explore. So what do we lose if we do it with our neighbors?)” he asked.<\/p>\n

Cayetano has always cited the Malampaya project as an example of how the Philippine Constitution allowed the exploration of natural resources in partnership with foreign corporation or entities.<\/p>\n

The USD4.5-billion Malampaya gas-to-power project is a joint undertaking of the Philippine national government and the private sector.<\/p>\n

Cayetano has yet to give a specific timeline on a possible Philippines-China joint exploration, but said President Rodrigo R. Duterte and President Xi Jinping had basically given a “go signal” for the drafting of a framework.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Department of Foreign Affairs Secretary Alan Peter Cayetano assured that the Philippine government would ink a joint exploration deal …<\/p>\n","protected":false},"author":33,"featured_media":102711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-173470","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-joyce-ann-l-rocamora","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/173470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=173470"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/173470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/102711"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=173470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=173470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=173470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}