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    market news

    CEO Of PetroVietnam Said Cables Cut By Chinese Boat An Accident

    Investing News Network
    Dec. 04, 2012 10:10AM PST
    Oil and Gas Investing

    Chinese fishing vessels mistakenly cut the cables of a Vietnam Oil & Gas Group seismic ship carrying out work in Vietnam-controlled waters of the South China Sea, according to Chief Executive Officer Do Van Hau.

    Chinese fishing vessels mistakenly cut the cables of a Vietnam Oil & Gas Group seismic ship carrying out work in Vietnam-controlled waters of the South China Sea, according to Chief Executive Officer Do Van Hau.

    Highlights from market news:

    – Chinese fishing vessels cut cables by accident; were accused of “harassing” the Binh Minh 2 survey ship when cables were cut November 30, PetroVietnam repaired on December 1

    – Incident took place in waters claimed by both countries, Chinese fishing boats were operating in normal fishing activity in that part of the sea

    Click here to read full Bloomberg article.

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