PNOC

CORPORATE MANDATE

CHARTER - P.D. 334

Signed in November 9, 1973, Presidential Decree No. 334 created the Philippine National Oil Company (PNOC) due to a compelling need for government to embark on measures that will help ensure a stable supply of petroleum products in order to sustain the the growth of the economy and the social well-being of the nation.

Amendments have been made to the charter to include exploration, exploitation and development of all energy resources in the country. These amendments include the following:

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