PNOC-EC withholds consent to Malampaya deal - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
THE Department of Energy (DOE) wants the government’s cut in the Malampaya royalty that is being shared with the consortium raised from the prevailing 60:40 arrangement to 80:20. “The present sharing is 60:40 and the DOE position is starting with 80:20 and the alternative position that is being raised is…
The volume of gas that can be supplied by the Malampaya field will drop to 1,000 megawatts of equivalent power capacity in 2024, which is also the timeframe for the expiration of the project’s Service Contract (SC) 38, if no license extension is extended by the government. According to Atty Raym
There seems to be a disturbing pattern in the way President Duterte shields his political allies and friends from accusations of wrongdoing. Time and time again we see him going ballistic on issues his drug war, pandemic handling, corruption, etc. whenever friends and allies are caught or exposed for alleged irregularities. Those…