Maharlika, PNOC to build first-ever strategic oil reserve by 2028

MIC, PNOC sign deal for Bataan petroleum storage project

MANILA, Philippines – The Maharlika Investment Corporation (MIC) and the Philippine National Oil Company (PNOC) have agreed to explore developing a storage tank farm in Bataan to boost the country’s energy security. In a statement, MIC said the memorandum of understanding between the two state-run firms establishes a framework for cooperation in evaluating the project, which

Maharlika, PNOC to build first-ever strategic oil reserve by 2028

The Philippines’ sovereign wealth fund and its state-run oil company are exploring the construction of the country’s first strategic petroleum storage...