China asks for 'friendly consultation' in Malaysia dispute

BEIJING — China's government has expressed hope Malaysia's dispute with a state-owned Chinese company building two multimillion-dollar gas pipeline projects can be resolved through "friendly consultation."

A foreign ministry spokesman said Tuesday the project being built by a subsidiary of China National Petroleum Corp. was "carried out in accordance with the contract."

Malaysian Prime Minister Mahathir Mohamad said Monday his government had seized over 1 billion ringgit ($243) from the bank account of China Petroleum Pipeline Bureau because the projects worth 9.4 billion ringgit ($2.3 billion) had been cancelled. He said Malaysia was entitled to it as 80 percent of the cost had been paid but only 13 percent of work done.

Chinese spokesman, Geng Shuang, said "for problems arising in cooperation, the two sides should properly resolve them through friendly consultation."

Must Read

China promises cooperation on steel at global...

Sep 5, 2016

China promises cooperation on steel at global summit amid pressure for trade curbs

Obama and Putin meet in China amid struggle for...

Sep 5, 2016

US, Russia struggle to keep alive negotiations to end the bloodshed between U.S.-backed rebels

Leader of Chinese protest village gets 3 years in...

Sep 9, 2016

The democratically elected mayor of a fishing village in southern China _ which became a focus of...

China's electric vehicle industry shaken by...

Sep 13, 2016

China's electric vehicle industry, a flagship for Beijing's technology ambitions, has been rocked...

Taiwan loses diplomatic ally in move welcomed by...

Dec 21, 2016

Taiwan has condemned the African island nation of Sao Tome and Principe's "abrupt" move to break...