Thursday, December 30, 2010
Japan Is Getting Nervous/The Third United Front CCP-KMT-V
The mainland’s largest offshore explorer, CNOOC, signed with Taiwan’s oil company, CPC, for the cooperation agreements. According to Xinhua News this agreement includes to joint exploration of the Chaozhou Shantou Basin off mainland’s Guangdong coast and joint study on the Wuqiuyu Basin off Fujian coast. Furthermore, CNOOC is ready to transfer of a 30 percent stake of its onshore oil block in Kenya to CPC. By now, Japan is getting nervous because the cooperation between the Taiwan Strait will eventually effect the oil exploration surrounding the Diaoyu/Senkaku Islands in the East China Sea. What can Japan do?