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PNOC EC to inject $182M in Philippines oil, gas projects

07 Apr 2016

 PNOC Exploration Corporation plans to invest approximately $182.3 million in the country’s Malampaya natural gas and petroleum exploration projects this year.

The Upstream subsidiary of state-owned Philippine National Oil Company (PNOC) will also allocate $29.6 million towards deepwater Malampaya gas projects.

According to local media The Standard, the funding was increased by 4.4 percent from its 2015 approved budget of $174 million.


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