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    PHL seeks 60-40 joint exploration split amid talks with China

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    Date
    March 22, 2018
    Author
    Saulon, Victor V.
    Metadata
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    Classification code
    BW20180322_S1/4
    Excerpt
    The Department of Energy (DoE) said its typical arrangement for joint exploration with foreign partners is a 60-40 split in favor of the Philippines, amid talks with China for the possible exploitation of resources in waters claimed by both sides. "Our benchmark when we go into any sharing is how much eventually will go to the Philippine side," DoE Assistant Secretary Gerardo D. Erguiza told reporters on the sidelines of a senate hearing on energy issues on Wednesday.
    Citation
    Saulon, V. V. (2018, March 22). PHL seeks 60-40 joint exploration split amid talks with China. BusinessWorld, p. S1/4.
    URI
    http://hdl.handle.net/20.500.12174/11706
    Corporate Names
    Department of Energy (DOE) Department of Foreign Affairs (DFA)
    Personal Names
    Erguiza, Gerardo D. Cayetano, Allan Peter S. Gatchalian, Sherwin T.
    Geographic Names
    China Philippines South China Sea West Philippine Sea
    Subject
    Bench marks exploration territorial waters disputes joint ventures Governments
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    • BusinessWorld [834]

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