Cusi stated within the letter that the felony foundation of the DOE’s function is contained in Presidential Decrees 87 and Presidential Decree 1459 and “in light of these stable criminal foundations, we entertain no question in anyway on the legality of our function in this count.”
The previous DOE administrations had been pushing for COA to honor the contracts of the Malampaya gasoline undertaking, as failing to achieve this might have a harmful impact at the upstream exploration enterprise and ship the wrong sign to overseas investors.
Cusi said petroleum exploration today dismally stays at 33 percent in comparison to different Southeast Asian international locations, which can be especially very a lot higher.
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