nick
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Joint Exploration seems to be the best option.
It's impossible because you cannot negotiate with them. We want negotiation but they sent warship to explore oil first. Here is a news. If you read it then you'll understand that they always think in the wrong way.
Here it is :
Bangladeshi diplomats head to Myanmar for energy row talks
7 hours ago
YANGON (AFP)
Bangladeshi diplomats headed to Yangon on Wednesday to try and smooth tensions over gas exploration in disputed waters, as a Myanmar official implied the United States had a hand in the row.
Bangladesh earlier this week deployed four warships to the Bay of Bengal close to the border between the two countries after accusing Myanmar of carrying out gas exploration in a disputed stretch of sea.
Iftekhar Ahmed Chowdhury, Bangladesh's foreign minister, said a three-member team led by foreign secretary Touhid Hossain had left for Yangon.
"I hope there is a diplomatic solution to this issue and the relevant authorities would dismantle the installation in disputed territorial waters," Chowdhury told AFP.
He also warned of possible military action, should Myanmar continue with its exploration work.
"Our intention has always been peaceful. But we have to let them know that Bangladesh will defend her territorial sovereignty in every way possible," he said.
A senior official from Myanmar's military government said they were open to talks, but insisted that oil and gas companies were operating inside their territory and far away from the disputed sea boundary.
"We will try to solve this peacefully, but we are also ready to protect our country if needed ... we will not tolerate being insulted, although we do want good will. We will continue with exploration," he told AFP.
The official, who refused to be named as he was not authorised to speak to the media, claimed that other countries were meddling in the spat, and implied that the United States had a hand in the dispute.
"The acts of Bangladesh have the signs of instigation by outsiders," he said. "A US warship is now in Bangladesh doing joint exercises. Bangladesh threatened us with no reason."
A spokesman at the American embassy in Dhaka said that a US Navy salvage ship had arrived last week in the southeastern Bangladesh port of Chittagong, but said it was there for a salvage and diving operation.
"This exercise has nothing to do with (the) Bangladesh-Myanmar dispute. This is unrelated and the US ship is nowhere near the disputed waters," he said.
Another Myanmar official confirmed that the delegation from Bangladesh had arrived, and said they would travel to the new capital Naypyidaw on Thursday before returning home on Friday.
Myanmar has been ruled by the military since 1962, and is under economic sanctions by the United States and Europe over the long-running detention of democracy leader Aung San Suu Kyi and human rights abuses.
The United States has been Myanmar's harshest critic, pushing for UN Security Council resolutions against the isolated nation, which has responded by accusing US leaders of plotting to overthrow the government.
Bangladesh, meanwhile, has put its navy on high alert, deploying four warships close to the exploration rig -- owned by a South Korean firm -- in the disputed waters of the Bay of Bengal.
"All the ships are ready with arms and ammunition," said one naval official.
Myanmar has discovered huge reserves of natural gas in the Bay of Bengal and has made it clear it intends to explore further in an area also claimed by Bangladesh. The two countries have held a series of meetings in the past year aimed at resolving the dispute over their maritime boundary.
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Now you tell me how will you cooperate and JOINTLY explore for gas and oil.