Iran-Philippines cooperation

EghtesadOnline: PNOC EC, the exploration arm of the Philippine National Oil Company (PNOC), has teamed up with Iran's state oil company, NIOC, to explore the prospect of oil and gas investments in Iran and the Middle East as well as building a refinery in Mindanao Island in the southern Philippines.

EghtesadOnline: The Philippines’ state oil company, PNOC, signed a memorandum of understanding on Monday to study Iran’s Paznan Khami and Darkhoveyn oilfields in southern Khuzestan Province.

EghtesadOnline: The Philippines plans to buy 250,000 to 260,000 barrels per day of oil for use in a new refinery from Iran, President of state-own Philippines National Oil Co. (PNOC) Pedro Aquino says.