- Philippines
- Taguig City
- Energy Suppliers
- Philippine National Oil Company
Philippine National Oil Company - Taguig City
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Company name
Philippine National Oil CompanyLocation
PNOC Building 6, Energy Center, Merritt Road, Fort Bonifacio, 1631, Taguig City, Philippines
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Establishment year 1973
Employees 101-250
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Company description
Through Presidential Decree No. 334, the Philippine National Oil Company (PNOC) was created on November 9, 1973, to provide and maintain an adequate and stable supply of oil. Focusing its efforts and resources in learning the ropes of the petroleum industry, PNOC rose to occupy market leadership in an industry thought to be the domain of multinationals. Its charter was amended to include energy exploration and development.Today, the Philippines is the world's largest user of wet steam technology in geothermal operations. It is ranked second to the United States in terms of total megawatts generated from geothermal energy.After its creation, PNOC serves as the key institution in the exploration development and utilization of indigenous energy sources. Developments in the country as well as