President Rodrigo Duterte leads the ceremonial opening of the oil and gas production of the Alegria Oil field Polyard-3 Well in Barangay Montpeller in Alegria, Cebu in this May 19, 2018 photo. | CDN File photo
Garcia said their agenda, among others, is to discuss, once again, the possibility of revising the sharing schemes between members of the public sector. “Once they come back , I will be calling another meeting with them, the Department of Energy, the LGU,” continued Garcia.A 1,970-square kilometer onshore field, CIMP, a subsidiary of Hong Kong-based Polyard Petroleum International Group Limited, commenced exploration on the site in 2018.
It can be recalled that in 2019, Garcia raised the possibility of modifying the sharing scheme in the proceeds of fuel products sourced from Alegria’s oil field.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gasoline to rollback PHP 2.30 per liter tomorrow - Auto NewsOil price rollback will be implemented tomorrow, April 5
Source: autoindustriya - 🏆 15. / 63 Read more »
POC lifts persona non grata tag on Juico, Patafa's suspensionThe Philippine Olympic Committee (POC) junked its resolution that declared Philippine Athletics and Track and Field Association (Patafa) president Philip Juico as persona non...
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Analysts’ March 2022 inflation rate estimates - BusinessWorld OnlineHEADLINE INFLATION likely accelerated in March as the spike in global crude oil prices probably caused a faster increase in food and transport costs, according to analysts. READ:
Source: bworldph - 🏆 9. / 68 Read more »
Faster inflation in March – economistsHeadline inflation likely accelerated in March due to higher oil prices, economists polled by The Manila Times said.Projections for the month ranged from 3.5 to 4.4 percent with a...
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Shift to clean energy must speed up to avoid worst of climate change – UN panelTo keep warming in check, global consumption of coal, for example, must drop by at least 67% by 2030 and 95% by 2050, while oil and gas use must also decline sharply.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Musk reveals 9.2% stake in Twitter, shares surge 26%Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed, potentially making him the biggest stakeholder in the micro-blogging site. Something is cooking bec elonmusk bought stocks of Twitter. And i can sense the total overhaul of Twitter soon enough & i will have a big laugh. 😂😂😂
Source: rapplerdotcom - 🏆 4. / 86 Read more »