Charter – P.D. 334

Signed in November 9, 1973, Presidential Decree No. 334 created the Philippine National Oil Company (PNOC) due to a compelling need for government to embark on measures that will help ensure a stable supply of petroleum products in order to sustain the the growth of the economy and the social well-being of the nation.

Amendments have been made to the charter to include exploration, exploitation and development of all energy resources in the country. These amendments include the following:

PNOC Industrial Park Mandate – R.A. 10516

PNOC Energy Supply Base Mandate – Letter of Instruction No. 563 dated June 4, 1977