Review of Malampaya deals to conclude this year–DOE - BusinessMirror

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The DOE said Thursday the review of the Malampaya deals will be finished and resolved within the year, with the PNOC-EC likely to approve the investment deal of Prime Infrastructure Capital Inc. (Prime Infra). Know more:

The Department of Energy said Thursday the review of the Malampaya deals will be finished and resolved within the year, with the Philippine National Oil Co.-Exploration Corp. likely to approve the investment deal of Prime Infrastructure Capital Inc. .

“PNOC-EC is considering the matter of giving its consent to the sale shares interest. As far as DOE is concerned, we have to review the sale and the terms of conditions under which it is going to be made,” he said. The agency will tap technical and financial advisors to assist in the review. The identities of the experts, he added, will be revealed next week.

 

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