FIRST SERVICE CONTRACT SIGNED: President Rodrigo R. Duterte signs Petroleum Service Contract No. 76 covering Area 4 in Eastern Palawan under the Fifth Philippine Energy Contracting Round.
The first petroleum service contract signed under the Duterte administration, Ratio Petroleum Ltd. would be able to conduct exploration activities in the East Palawan Basin for potential energy resources.
In photo are (L-R) DOE Secretary Alfonso G. Cusi, Foreign Affairs Secretary Teodoro L. Locsin Jr., H.E. Rafael Harpaz, Israeli Ambassador to the Philippines, Mr. Yigal Landau, owner and Member of the Board of Ratio Petroleum Ltd., and Mr. Itay Raphael Tabibzada, Ratio Petroleum Ltd.'s CEO and President.