Indian energy company ONGC Videsh secures 3-yr extension to explore South China Sea

India has sparred diplomatically with China in the past over its gas and oil exploration block off the coast of Vietnam. China claims virtually the entire mineral-rich South China Sea and has stepped up its military presence there. Part of block 128 is in the U-shaped "nine-dash line" which marks the vast area that China claims in the sea, a route for more than $5 trillion in trade each year in which the Philippines, Brunei, Malaysia and Taiwan also have claims.

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