Saudi Arabia finances 800-bed King Salman Hospital costing $135 million in Zambia    Maximum fine of SR100000 for intentionally blocking or obstructing public road    Saudi Arabia arrests 23,194 illegal residents in a week    Lulu opens its first store in Makkah    Kremlin denies plans for Ukrainian peace talks    UN official warns of freezing deaths among Gaza children    Germany to open first anti-Muslim racism reporting center    Al-Hamddan's heroics send Saudi Arabia into Gulf Cup semi-finals    Saudi Arabia strongly condemns burning of Gaza hospital by Israeli forces    Saudi-Turkish Military Committee discusses ways to enhance defense cooperation    Kuwait advances to semi-finals after thrilling draw with Qatar    Two die in Sydney to Hobart yacht race    Lulu Retail expands in Saudi Arabia with two new stores    Saudi Arabia to host Gulf Cup 27 in Riyadh in 2026    Celebrated Indian author MT Vasudevan Nair dies at 91    RCU launches women's football development project    Financial gain: Saudi Arabia's banking transformation is delivering a wealth of benefits, to the Kingdom and beyond    Blake Lively's claims put spotlight on 'hostile' Hollywood tactics    Five things everyone should know about smoking    Do cigarettes belong in a museum    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Manila puts off oil search in south amid peace talks
Published in The Saudi Gazette on 02 - 11 - 2012

MANILA — Philippine President Benigno Aquino III said Thursday that no gas or oil exploration will be allowed in southern regions that Muslim fighters want to administer until the government and the rebels forge a wealth-sharing arrangement under a peace accord.
The government and the country's largest Muslim rebel group signed a preliminary peace agreement on Oct. 15 in a major breakthrough toward ending one of Asia's longest-running insurgencies. The accord grants minority Muslims in the south broad autonomy in exchange for ending more than 40 years of violence that has killed tens of thousands of people and held back progress in the resource-rich but poverty-wracked region.
The agreement creates a roadmap for a final peace settlement. The government and the 11,000-strong Moro Islamic Liberation Front aim this year to finish tough negotiations on the extent of power, revenues and wealth to be granted to the new southern Muslim autonomous region to be called Bangsamoro.
The rebels have also agreed to dismantle their armed forces, possibly with the help of international experts, under an arrangement both sides are to negotiate.
Rebel leader Al Haj Murad Ebrahim said last week his group has asked the government to postpone any bidding for oil and gas exploration contracts until a wealth-sharing agreement is reached. The Department of Energy last year opened 15 areas nationwide to energy exploration by prospective investors, including areas in the south that could be included in the autonomy deal being negotiated.
“As a principle, we are not against the exploitation of our natural resources, including oil and gas,” Murad said in a news conference at a southern rebel stronghold. But he said it should “redound to the benefits of our people and should be done at the proper time and conditions.”
Aquino said energy officials have not accepted any bids from any foreign or local companies aiming to explore for energy deposits in southern areas that could be covered by the autonomy deal. “We have not opened up any area because chairman Murad is right, wealth-sharing is among the annexes we still need to finalize,” he told reporters.
The United States, Australia and other Western and Asian countries have backed the peace talks, which could transform rebel strongholds and battlefields into growth centers instead of potential breeding grounds of Al-Qaeda-linked militants. — AP


Clic here to read the story from its source.