Fund Requirements for Newly-Created Energy Supply Base for Petroleum and Other Energy-Related Operations
Letter of Instructions No. 781, issued on December 7, 1978, directs the Philippine National Oil Company (PNOC) to expand and upgrade its Energy Supply Base in Mabini, Batangas, to support petroleum and energy-related operations. The Budget Ministry and National Treasury are instructed to release 20 million pesos from the Special Fund established under R.A. 6173 to facilitate this expansion. The instruction aims to ensure adequate logistical support for ongoing and future exploration projects in the Philippines. This directive takes effect immediately.
Law Information
- Reference Number
- Letter of Instructions No. 781
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 7, 1978
LETTER OF INSTRUCTIONS NO. 781
| TO | : | The Budget Ministry |
| The National Treasury | ||
| The Philippine National Oil Co. | ||
| SUBJECT | : | Fund Requirements for the Newly-Created Energy Supply Base to Service Petroleum and Other Energy-Related Operations in the Philippines |
1. Further to LOI No. 563 directing the Philippine National Oil Company to establish and operate an internationally acceptable Energy Supply Base to service the petroleum and other energy-related operations in the Philippines, the Philippine National Oil Company is likewise directed to expand and upgrade facilities at the present supply base in Mabini, Batangas. To provide adequate logistical support for ongoing and future exploration projects. acd
2. Accordingly, the Budget Ministry and the National Treasury are hereby directed to provide and release funds to the Philippine National Oil Company amounting to Twenty Million Pesos (P20,000,000.00) immediately on the date hereof, for said purpose to be disbursed out of the Special Fund created under Section 8 (j) of R.A. 6173 as amended.
3. This Letter of Instruction shall take effect immediately.
DONE in the City of Manila, this 7th day of December, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. cd
Cite This Law
Fund Requirements for Newly-Created Energy Supply Base for Petroleum and Other Energy-Related Operations, Letter of Instructions No. 781, Dec 7, 1978 (Philippines)
Fund Requirements for Newly-Created Energy Supply Base for Petroleum and Other Energy-Related Operations, Letter of Instructions No. 781 (Phil. 1978)
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