Cambodia, Thailand take US$300 billion seabed dispute to UN

AI Summary

Cambodia and Thailand have taken a dispute over a $300 billion seabed territory rich in oil and gas resources to the United Nations conciliation commission. This follows deadly border clashes and involves a 27,000 sq km seabed area under arbitration by the Permanent Court of Arbitration in Singapore.

Months after deadly clashes that cost dozens of lives along their shared border, the foreign ministers of Cambodia and Thailand laid out opening arguments on Tuesday over a different kind of territory: 27,000 sq km (10,400 square miles) of seabed thought to hold a fortune in gas and oil. The venue was the Permanent Court of Arbitration’s Singapore office, where the United Nations Convention on the Law of the Sea’s conciliation commission is being asked to settle who controls a stretch of the...