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Philippine National Oil Company

Description

The Philippine National Oil Company (PNOC) was created on November 9, 1973, to provide and maintain an adequate and stable supply of oil. Its charter was later amended to include energy exploration and development.

PNOC Exploration Corporation is concentrating on its Oil and Gas businesses, the most popular and successful of which is the Malampaya Deepwater Gas-to-Power Project where, in December 1999, PNOC EC finalized its participation in the largest energy infrastructure undertaking in Philippine history. P

Developments in the country as well as the global front made it imperative for the company to get more involved in new and renewable and alternative energy activities and projects. In 1993, PNOC also ventured into petrochemicals, setting up the Philippines' first petrochemical industrial estate in Limay, Bataan.

PNOC continues to serve as the key institution in the exploration, development and utilization of indigenous oil and non-oil energy sources.

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