Tag: Petroleum Service Contract No. 76

President Duterte signs oil exploration deal with Israeli firm

(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 […]