Friday, July 31, 2020

China’s Pressure causes Vietnam to cancel Contracts and pay Exploration Companies Usd 1 billion in compensation

Here is another bit of News that the Philippine Press are reluctant or don’t report at all since it is Negative News of Vietnam’s fight against China. If it is the other way around, meaning Positive News of Vietnam going up against China, the Philippine Press will print it immediately. 

That is how they control the narrative or the Story of the News. The narrative now of the Press and the Dilawans is that “Vietnam is standing up to China, and succeeding”. 

Well the facts say otherwise, because due to pressure from China, Vietnam had to cancel the Operations and Contracts of two International Oil Companies, Repsol of Spain and Mubadala of the United Arab Emirates (UAE) to explore the South China Sea (SCS) on their behalf. 

As part of the Contract cancellation, Vietnam had to pay these two Companies around Usd 1 Billion in Penalties. Imagine that, that is around Php 50 billion. The pressure from China came in the form of around 40 Ships assembled off the Coast of Hainan Island which were ready to sail and block Vietnam’s Exploration Activities in the SCS. 

Even the Russian Company Rosneft was forced to cancel its Exploration Activities for Vietnam as Chinese Coast Guard Vessels continue to operate where they were supposed to do the Drilling.

So Vietnam is forced to back down against China, ends up losing a lot of Money and the Philippine Press ignores it since it doesn’t fit their narrative. This article was from four days ago, and a quick search on Google shows that no Philippine News Organization seems to have reported it. 

This is why American style of Press Freedom is overrated, it results in the Press manipulating the News to serve certain interests. 


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