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National Committee on Marine Sciences (NCMS)

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    PHL seeks oil exploration partners in UAE
    Lee-Brago, Pia (Philippine Star Printing Co., Inc., 2019-10-06)
    The Philippines is seeking oil exploration partners in the United Arab Emirates (UAE) with offers of attractive terms, incentives and viable service contracts with the government. The Department of Energy (DOE) and the Philippine embassy in Abu Dhabi have teamed up in promoting energy investment opportunities for emirati investors. The Philippines and China have agreed on a joint oil and gas exploration deal, one of 29 agreements signed during the state visit to the Philippines of Chinese President Xi Jinping in November 2018. The two countries have formed working groups to explore oil and gas agreements in the West Philippine Sea.