EXECUTIVE ORDER NO. 171
EXECUTIVE ORDER NO. 171 - AMENDING
CERTAIN PROVISIONS OF PRESIDENTIAL DECREE NO. 334, AS AMENDED AND
EXECUTIVE ORDER NO. 131
WHEREAS,
there is a need to reorganize the Philippine National Oil Company
(PNOC) to make it responsive to the requirements of the industry;
WHEREAS, pending the adoption by Congress of a law standardizing the
compensation of government-owned and controlled corporations with
original charters, there is a need to make the PNOC salaries
competitive with the private sector;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1. The Philippine National Oil Company (PNOC)
shall have the following purposes:
a)
To provide and maintain an adequate and stable
supply of oil and petroleum products for the domestic requirement and
for that purpose to engage in the transportation, storage, importation,
exportation, refining, supply, sale and distribution of crude oil,
refined, petroleum and petroleum based products, whether imported or
produced by local refineries;
b) To engage
in the exploration, exploitation and development operations and other
energy resources;
c) To foster
conditions relating to oil or petroleum operations and other energy
resources exploitation conducive to a balanced and sustainable growth
of the economy;
d) To
undertake, by itself or otherwise, exploration, exploitation, and
development of all energy resources of the country, including surveys
and activities related thereto;
e) To
undertake all other forms of petroleum or oil operations and other
energy resources exploitation.
Sec. 2. All of the powers and functions of PNOC as
provided in P.D. 334, as amended, except the regulatory functions are
hereby maintained.
Sec. 3. As a transitory measure, PNOC, shall, for
a period of two (2) years, continued to use the facilities of the
National Coal Authority which is to be integrated with the Natural
Resources Development Corporation pursuant to Executive Order No. 131,
subject to continued payment at current rate without escalation for a
period of two (2) years.
Sec. 4. Pending the adoption by Congress of a law
standardizing salaries and benefits of government-owned and controlled
corporations with original charters, the personnel of PNOC shall be
exempt from the Office of Compensation and Position Classification.
Sec. 5. The directors and officers of PNOC may
hold concurrent positions in PNOC subsidiaries and receive reasonable
compensation therefor.
Sec. 6. Employees and officers of the subsidiaries
of PNOC may be detailed to PNOC for periods not exceeding one (1) year,
or when necessary to maximize manpower use, they may be given
concurrent positions in PNOC subject to a cost-sharing arrangement
between PNOC and it subsidiaries.
Sec. 7. For efficiency of operations and maximum
utilization of personnel, PNOC may, if warranted, set up a management
company to supervise and coordinate the various activities of PNOC and
its subsidiaries.
Sec. 8. The provisions of paragraph 4, Sec. 4,
Sec. 5 (c) and (f) of Executive Order No. 131, Charter of the
Department of Environment, Energy and Natural Resources, to the extent
inconsistent herewith, are hereby amended accordingly.
Sec. 9. This Executive Order shall take effect
immediately.
Done in the City of Manila,
this 8th day of May, in the year of Our Lord, nineteen hundred and
eighty-seven.
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Since 19.07.98.