Philippine National Oil Company (PNOC)

Energy
Philippines

"Jan 6 National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying. 'The National Iranian Oil Company is in talks with Philippines' National Oil Company (PNOC) to export 4 million barrels per month,' the statement said. PNOC is one of the 11 companies in a consortium of international companies, known as Pergas, which has signed a non-disclosure agreement (NDA) with the National Iranian South Oil Company (NISOC) for carrying out studies over two oilfields in Iran, Press TV said. 'Based on the deal, the consortium will have 6 months to hand over the result of its studies on the fields to the NISOC. Pergas may submit its proposal for development of the fields sooner if it is ready,' it said." (Reuters, "Iran in Talks to Export 4 Mln Barrels of Oil per Month to Philippines - State TV," 1/6/2017).

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"The Philippines has officially voiced readiness to purchase Iran’s gas as well as to establish an LNG plant in southern Iran in collaboration with a European company... The South East Asian state has formally called for the purchase of Iranian gas as well as launching new LNG production projects in southern Iran. Accordingly, a new round of talks between the two countries was held in Tehran at the presence of the Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia and the Philippine National Oil Company Exploration Corporation (PNOC-EC) President Pedro Aquino." (Mehr News Agency, “Philippines to buy Iranian LNG,” 6/4/2016)