Lotilla said “PNOC [Exploration Corp.] is considering the matter of giving its consent to the sale of Shell’s interest to Prime Infrastructure of businessman Enrique Razon.”
“The PNOC Exploration Corp. is considering the matter of giving its consent to the sale of Shell’s interest, and as far as the Department of Energy is concerned, we would have to review the sale and the terms and conditions under which it is going to be made,” he said. Lotilla said the DOE would soon announce the technical and financial advisors that would help the agency review the technical and financial aspects of the proposed sale.
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