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Apr 6, 2016 @ 7:50

PNOC investing P8.4b in oil, gas


State-owned PNOC Exploration Corp. said it will invest P8.4 billion in the Malampaya natural gas and other petroleum exploration projects this year.

The amount is slightly higher than the approved budget in 2015 of P8.039 billion.

PNOC Exploration issued a resolution on the 2016 work program and operating budget, with the bulk or P6.129 billion allocated for petroleum exploration projects.

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