Tuesday 20 November 2018
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inquirer - 1 month ago

PH signs oil exploration deal with Israeli firm

The Philippines has signed a seven-year oil exploration deal with an Israeli firm covering an area east of Palawan, Malacaang said Thursday. The Petroleum Service Contract (PSC) was signed by President Rodrigo Duterte, Energy Secretary Alfonso Cusi, and Ratio Petroleum President and CEO Itay Raphael Tabibzada on Wednesday in Malacaang. The PSC is the first petroleum service contract signed under the Duterte administration. The Department of Energy (DOE), in a statement, said Ratio Petroleum qualified

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