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MANILA, Philippines (AFP) — The Philippines said on Thursday it has terminated talks with China for a joint energy project in the South China Sea after President Rodrigo Duterte ordered an end to negotiations. Manila signed an agreement with Beijing in 2018 to cooperate on oil and gas development as a way to benefit from the resources in the waterway while setting aside the territorial dispute. Duterte, who has taken a softer approach to […]
(Eagle News) — The Palace hit back at Vice President Leni Robredo and former Ombudsman Conchita Carpio Morales, calling their remarks about the memorandum of agreement on oil development inked between the Philippines and China “premature, baseless and unfair.” According to Presidential Spokesperson Salvador Panelo, Robredo and Morales may not have read the MOU itself, noting that “they anchor their comments merely on media reports, and not on the actual document itself, which the Palace […]
(Eagle News) — Energy Secretary Alfonso Cusi on Friday, Nov. 23, gave the assurance that the rights of oil companies who were awarded service contracts will be protected. Cusi made the statement after the Philippines and China inked a memorandum of understanding that would allow for a joint oil and gas development cooperation between the two countries. “I understand that there is great interest in the MOU signed with China. I would ask for everyone’s […]
(Eagle News) — President Rodrigo Duterte on Wednesday, October 17 signed the Petroleum Service Contract No. 76 with Israel’s Ratio Petroleum Ltd., covering the East Palawan Area. The petroleum service contract for the Area 4, the fifth round of the Philippine Energy Contracting Round (PECR5), was signed at the Heroes Hall in Malacañang, Palace. According to the Department of Energy, the service contract deal will allow the Israeli firm to explore the Area 4, covering […]
