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China Moves Controversial Oil Rig

China has removed an exploratory rig from disputed waters in the South China Sea, two months after its placement near the Paracel Islands sparked diplomatic tensions with Vietnam. After finding signs of oil and gas off the coast of the archipelago claimed by both countries, the rig is being towed to the Chinese island of Hainan a month ahead of the announced end-date for drilling. Wang Zhen, of the China National Petroleum Corporation, said prospecting went as planned despite...

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