Top officials of Petron Foundation Inc. and Southeast Asian Fisheries Development Center/Aquaculture Department have signed an agreement for the joint implementation of the P3-million project on milkfish cage culture for the oil spill-affected Guimaras fisherfolk, a press release from SEAFDEC/AQD said. President Gloria Macapagal-Arroyo witnessed the signing rites between AQD chief Joebert Toledo and Petron Foundation Inc. chairman and CEO Nicasio Alcantara and president Khalid Al-Faddagh held last Friday at the Petron Library Hub in San Miguel, Jordan, Guimaras. The agreement stipulates that Petron Foundation will provide funds for the construction and operation of three fish cages for milkfish culture and one boat amounting to P3.059 million, the press release said.

Petron, SEAFDEC to implement milkfish cage project in Guimaras. (2007, July 18). The Visayan Daily Star, p. 13.