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                    [ArticleID] => 332824
                    [Title] => Malampaya earnings boost PNOC-EC profit to P2.8B
                    [Summary] => PNOC-EC, the  oil and gas exploration subsidiary of state-run  Philippine National Oil Co. (PNOC), posted a sharp 450 percent increase in its audited net income amounting to P2.8 billion in 2005.


The company said the profit surge can be attributed mainly to its share in earnings  of the Malampaya deepwater gas-to-power project brought about by high oil and gas prices and increased production volume. 


                    [DatePublished] => 2006-04-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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SOUTH CAGAYAN

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                    [Title] => Malampaya earnings boost PNOC-EC profit to P2.8B
                    [Summary] => PNOC-EC, the  oil and gas exploration subsidiary of state-run  Philippine National Oil Co. (PNOC), posted a sharp 450 percent increase in its audited net income amounting to P2.8 billion in 2005.


The company said the profit surge can be attributed mainly to its share in earnings  of the Malampaya deepwater gas-to-power project brought about by high oil and gas prices and increased production volume. 


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Malampaya earnings boost PNOC-EC profit to P2.8B

By Donnabelle L. Gatdula | April 23, 2006 - 12:00am

PNOC-EC, the oil and gas exploration subsidiary of state-run Philippine National Oil Co. (PNOC), posted a sharp 450 percent increase in its audited net income amounting to P2.8 billion in 2005. The company said...

Business