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Philippine National Oil Company
The Philippine National Oil Company (PNOC) was created on November 9, 1973 as a government-owned and controlled corporation founded under martial law Presidential Ferdinand Marcos to supply oil to the Philippines. Since then, its charter has been amended several times to include exploration, exploitation and development of all energy resources in the country.
==History==
PNOC was created in response to the 1970s oil crises. The Philippine government, then under martial law and governed by President Ferdinand Marcos, responded to the crises by founding PNOC and forging oil-supply partnerships with supplier countries. The government later acquired refineries and petroleum transport and marketing firms with the aim of being a “total” energy company. PNOC also initiated the exploration of the country’s oil and non-oil energy resources, such as geothermal.
PNOC Exploration Corporation concentrates the oil and gas businesses, the most 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. PNOC EC’s is involved with the project with Royal Dutch Shell Exploration (as operator) and Texaco.
In 1993, PNOC also ventured into petrochemicals, setting up the Philippines' first petrochemical industrial estate in Limay, Bataan.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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