''China, Oil and the South China Sea''

From The Globalist


"The South China Sea, which has an area estimated at 3,500,000 square kilometers (1,200,000 square miles), is one of the world's most important shipping transit areas. According to GlobalSecurity.org, the South China Sea has 7.5 billion barrels of proven oil reserves and 145.5 trillion cubic feet of natural gas.


However, undiscovered oil reserves could be as high as 213 billion barrels, according to a U.S. Energy Information Administration report in 2008. Presently, Brunei, China, Malaysia, Taiwan, the Philippines and Vietnam claim maritime rights over this area."


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