Friday 18 January 2019
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inquirer - 3 month ago

PH signs oil exploration deal with Israeli firm

The Philippine government on Wednesday inked a historic oil exploration agreement with an Israeli company to improve the country s energy security and lessen its dependence on imported fuel. President Duterte signed the petroleum service contract for the East Palawan Basin with Itay Raphael Tabibzada, president of Israel-based Ratio Petroleum Ltd. Presidential spokesperson Salvador Panelo said the agreement was signed during a closed-door ceremony at Malacaang on Wednesday. This is the first pe

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