The Economy of the Spratly Islands reference article from the English Wikipedia on 24-Apr-2004
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Economy of the Spratly Islands

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Economic activity on the Spratly Islands is limited to commercial fishing. The proximity to nearby oil- and gas-producing sedimentary basins suggests the potential for oil and gas deposits, but the region is largely unexplored, and there are no reliable estimates of potential reserves. Commercial exploitation has yet to be developed.