World | Updated Oct 17, 2011 at 11:05am IST

China warns India over ONGC-Vietnam oil link

CNN-IBN

Beijing: China continues to put pressure on Vietnam to abandon its agreement with ONGC to explore oil in the South China Sea.

The move comes just days after Vietnam's president visited India. During his visit, ONGC had signed a three-year deal with PetroVietnam for long term co-operation in the oil sector.

A Chinese trade magazine, published by the Communist party mouthpiece the People's Daily, has also warned India.

The magazine said that India's energy strategy was slipping into an extremely dangerous whirlpool.

It further asked Indian companies to stay away from disputed waters of the South China Sea.

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