Republic Acts1 min read
Section 6Republic Act No. 8551-Phase ll, Sec./Art. 6
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Authority to Increase the Annual Budget of the Philippine National Oil Company (PNOC). - The PNOC is hereby authorized to increase its annual budget for FY 2001 for an amount not exceeding the peso equivalent of US 190 million dollars to cover its investments in the Malampaya Deepwater Gas-to-Power Project and related expenses, including interest expense, taxes, fees, and other expenses, pertaining to financial and legal advisory services.
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