Vietnam renews India oil deal in tense South China Sea

[Wireless News]

http://l2.yimg.com/uu/api/res/1.2/IbaVQTUPCksZPSzLf2L.7A--/YXBwaWQ9eXRhY2h5b247aD04Njt3PTEzMDs-/http://media.zenfs.com/en_us/News/Reuters/2017-07-06T144911Z_1_LYNXMPED651AE_RTROPTP_2_SOUTHCHINASEA-VIETNAM.JPG (https://www.yahoo.com/news/vietnam-renews-india-oil-deal-tense-south-china-144911721--sector.html)By Mai Nguyen, Nidhi Verma and Sanjeev Miglani HANOI/NEW DELHI (Reuters) - Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. The moves come at a delicate time in Beijing's relations with Vietnam, which claims parts of the sea, and India, which recently sent warships to monitor the Malacca Straits, through which most of China's energy supplies and trade passes. Vietnam granted Indian oil firm ONGC Videsh a two-year extension to explore oil block 128 in a letter that arrived earlier this week, the state-run company's managing director Narendra K. Verma told Reuters.



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