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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 254 -
AUTHORIZING THE RELEASE OF FUNDS FROM THE NET GOVERNMENT SHARE FROM
SERVICE CONTRACT NO. 38 OVER THE CAMAGO-MALAMPAYA NATURAL GAS RESERVOIR
AS ASSISTANCE TO THE PROVINCE OF PALAWAN
WHEREAS,
the Republic of the Philippines, through the Department of Energy
(DOE), entered into Service Contract No. 38 (SC 38) with Shell
Philippines Exploration B.V. and Occidental Philippines, Inc. on 11
December 1990 for the exclusive conduct of petroleum operations in the
area referred to as Camago-Malampaya located off the shores of
northwest Palawan;
WHEREAS, given the strategic importance of SC 38 in providing secure,
reliable and environmentally-friendly indigenous energy and the
responsibilities that have been undertaken by the Province of Palawan
in assisting the National Government in securing SC 38 Project
Exclusion Zone, it is deemed appropriate to extend financial assistance
to the Province of Palawan out of the net government revenues from SC
38 for its socio-economic and environmental development projects;
WHEREAS, under the Local Government Code, the President may, upon the
request of the local government unit concerned, direct the appropriate
national agency to provide financial, technical or other forms
assistance to the local government unit at no extra cost to the local
government unit concerned.
NOW, THEREFORE, I GLORIA MACAPAGAL-ARROYO, President of the Republic of
the Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
Sec. 2.
a.
b.
c.
Sec. 3.
Sec. 4.
DONE in the City of Manila,
this 8th day of December, in the year of our Lord, Two Thousand and
Three.
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