SB 1085
Senate·20th Congress·Filed Aug 7, 2025
Charter of the Philippine National Oil Company
An Act Providing a National Energy Policy and Framework for Government-Initiated Petroleum Exploration and Development Further Amending for the Purpose the Charter of the Philippine National Oil Company (Pnoc), as Amended
In plain language
The bill would create a new charter for the Philippine National Oil Company, focusing it on upstream oil and gas work, giving it powers to explore, produce, borrow money, issue bonds and keep half of its earnings for local projects, while granting tax breaks and a three‑year deadline to drop non‑upstream activities.
EnergyGovernment AdministrationPublic Works and InfrastructureTaxation
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Philippine National Oil Company (PNOC)
Official sources
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SBN-1085 · Sources: BetterGov Open Congress, BatasWatch