PHL seeks 60-40 joint exploration split amid talks with China
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BW20180322_S1/4Excerpt
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.
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Saulon, V. V. (2018, March 22). PHL seeks 60-40 joint exploration split amid talks with China. BusinessWorld, p. S1/4.
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