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The South China Sea Crisis and the Battle for Oil

Thursday, 15th January 2016

"A long brewing crisis of both regional and global proportions has been festering in the South China Sea in recent years between claimants to a variety of islands, reefs and shoals and more importantly access to oil and natural gas resources that are worth trillions of dollars. Although this dispute, or more accurately put, many individual and interlocking disputes, have gained in importance in recent years, they have been a bone of contention for centuries... 

At first glance it may seem easy to rely on the United Nations Convention of the Law of the Sea (UNCLOS, 1982) to resolve these issues; however, a number of factors make this quite difficult. 

UNCLOS exists in part to establish the legal status of territorial waters and to lay down a framework to determine who has the right to harvest the bounty of the world’s oceans both between nations with maritime borders and those that are land locked. It also sets up a legal framework for dispute resolution. This dispute resolution framework exists partly due to the fact that the adopted method for delineating EEZs often leads to overlapping EEZs between one or more nations. This is the case in the South China Sea.""

Select the link to read this article in full. 

Source: South Front
Language: English
Contact: Brian Kalman

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