Don't ascribe political angularity to Indian oil scouting: President

Image
IANS On Board Air India One
Last Updated : Sep 17 2014 | 9:00 PM IST

India has been searching for oil and gas in the South China Sea for nearly three decades now and the move has no "political angularity", President Pranab Mukherjee said Wednesday.

"There is one point... OVL has been active in the South China Sea since 1988. It is a commercial action, there is no political angularity to it," he said in response to a question on China's reported unhappiness over OVL, the overseas arm of Indian oil major ONGC, and Petro Vietnam inking an agreement on exploring two additional blocks off Vietnam during the president's just-concluded state visit to Vietnam.

With China and Vietnam not on the best of diplomatic terms over Beijing's claim to the whole of South China Sea, Mukherjee told journalists while returning from Vietnam that India has no comments on the issue and only hopes the issues are resolved peacefully according to the tenets of international law and practice.

"There is no scope for the use of force or the threat of use of force," he stressed.

In the joint communique released after delegation-level talks between Mukherjee and his Vietnamese counterpart Truong Tan Sang Monday, the two countries had said freedom of navigation in the East Sea/South China Sea should not be impeded, and called the parties concerned to exercise restraint, avoid threat or use of force and resolve disputes through peaceful means in accordance with universally recognised principles of international law.

Mukherjee also said his visit to Vietnam and Chinese President Xi Jinping's India visit which began Wednesday were "not connected".

"They are totally independent... not connected. Our external relations are independent of relations with other countries. Indian foreign policy should not be viewed through prism of a third country.

"I don't find any connection between the two," he said.

During his Vietnam visit, India and Vietnam agreed to ramp up ties, called for a peaceful, unfettered South China Sea, and inked seven agreements including for direct Delhi-Hanoi flights, an extended line of credit for purchase of military equipment, and a letter of intent for two additional oil blocks as they set a target of $15 billion bilateral trade by 2020 with a focus on tourism, garments and textiles, pharmaceuticals and agriculture.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 17 2014 | 8:56 PM IST

Next Story