may be confusing or unclear to readers . please help us clarify the article ; suggestions may be found on the talk page . june 2011 learn how and when to remove this template message philippine national oil company type government owned corporation industry oil energy founded november 9 1973 headquarters taguig philippines key people antonio m. cailao president ceo subsidiaries list pnoc exploration corporation pnoc shipping and transport corporation pnoc development management corporation pnoc alternative fuels corporation pnoc renewables corporation website pnoc official website the philippine national oil company pnoc was created on november 9 1973 as a government owned and controlled corporation founded under martial law presidential ferdinand marcos to supply oil to the philippines . since then its charter has been amended several times to include exploration exploitation and development of all energy resources in the country . contents 1 history 2 subsidiaries 2.1 pnoc exploration corporation 1 2.2 pnoc shipping and transport corporation 2.3 pnoc development management corporation 2.4 pnoc alternative fuels corporation 2.5 pnoc renewables corporation 3 see also 4 references 5 external links history edit pnoc was created in response to the 1970s oil crises . the philippine government then under martial law and governed by president ferdinand marcos responded to the crises by founding pnoc and forging oil supply partnerships with supplier countries . the government later acquired refineries and petroleum transport and marketing firms with the aim of being a total energy company . pnoc also initiated the exploration of the country s oil and non oil energy resources such as geothermal . pnoc exploration corporation concentrates on the oil and gas business . its malampaya deepwater gas to power project is one of the largest and most significant industrial endeavors in philippine history 1 2 which signalled the birth of the natural gas industry in the philippines . 3 pnoc ec s is involved with the project with royal dutch shell exploration as operator and texaco . in 1993 pnoc also ventured into petrochemicals setting up the philippines first petrochemical industrial estate in limay bataan . subsidiaries edit pnoc currently has 5 subsidiaries working together to realize pnoc s vision pnoc exploration corporation pnoc shipping and transport corporation pnoc development management corporation pnoc alternative fuels corporation and pnoc renewables corporation . pnoc exploration corporation 1 edit pnoc exploration corporation is the upstream oil gas and coal subsidiary of the state owned philippine national oil company . a government owned and controlled corporation the company was incorporated on 20 april 1976 and is mandated by the government through the department of energy doe to take the lead in exploration development and production of the country s oil gas and coal resources . the company was listed in the makati stock exchange and the manila stock exchange in 1976 and 1977 respectively . at present pnoc ec has seven 7 petroleum service contracts scs namely sc 37 cagayan basin sc 38 malampaya sc 47 offshore mindoro sc 57 calamian sc 58 west calamian sc 59 west balabac and sc 63 east sabina . the company is the operator in sc 37 sc 47 and sc 63 and a non operating partner in sc 38 sc 57 sc 58 and sc 59 . pnoc ec used to operate the very first natural gas facility in the country the san antonio gas power plant within sc 37 before joining the malampaya consortium sc 38 in 1999 with a 10 % stake . malampaya is the country s single biggest investment of its kind . pnoc ec also holds six 6 coal operating contracts cocs namely coc 41 malangas coc 122 isabela coc 141 isabela coc 184 agusan del sur coc 185 zamboanga sibugay and coc 186 zamboanga sibugay . as part of its coal business the company also trades coal from other sources through its two 2 coal terminals located in malangas and cebu . the company likewise owns and operates a private commercial port the energy supply base esb in mabini batangas which provides berthing cargo handling storage and warehousing facilities to its clients . pnoc shipping and transport corporation edit the pnoc shipping and transport corporation pnoc pstc is engaged in the business of shipping tankering lighterage barging towing transport and shipment of goods chattels petroleum and other products marine and maritime commerce in general . at present the company s current fleet is composed of 4 tankers 2 single hulled tankers mts jose rizal and antonio luna and 2 double hulled tankers mts pnoc lapu lapu and pnoc emilio jacinto with capacities from 25 000 to 32 000 barrels . pnoc issued a notice of dissolution of pnoc shipping effective march 15 . the notice of dissolution was approved by the pnoc board . pnoc development management corporation edit pnoc dmc is 2 % owned by private stockholders and is the only company in the pnoc group the is empowered by its articles and by laws to develop manage and add value to the real estate properties which pnoc and the other subsidiaries hold . it is also empowered by its charter to engage in the business of developing vital energy infrastructure such as refineries pipelines pumping station and the like . incorporated on march 6 1959 pnoc dmc s predecessor filoil refinery corporation frc was engaged primarily in energy related businesses and secondarily real estate development . by 1985 pnoc had acquired 98 % of frc shares taking full control of the firm . in 1996 frc became filoil development & management corporation fmdc and its main purpose switched from energy related businesses to primarily real estate development . with its new directives fmdc has been engaged in the development and management of 118 hectares in rosario cavite . twenty five hectares have been devoted to a socialized housing program gma abotkayang pabahay at palupa for 3589 informal dwellers . thirty two hectares have been developed into a middle to high income subdivision adjacent to a public market on 1.5 hectare land donated by pdmc . within the 32 hectare property is a 5 hectare area which has already been sold to sm group further enhancing the real estate values of pdmc properties . forty two hectares have already been sold and developed as an expansion site for the cavite export processing zone . in december 2002 fdmc became pnoc development management corporation . pnoc alternative fuels corporation edit the pnoc alternative fuels corporation pnoc afc formerly pnoc petrochemical development corporation was established in july 2006 . its primary mandate is to explore develop and accelerate the utilization and commercialization of alternative fuels in the country . as a secondary mandate the pnoc afc shall also pursue the development operation and management of a petrochemical industrial estate . the complex located in limay and mariveles bataan which is approximately 530 hectares is to be developed in phases pnoc operated geothermal power station in valencia negros oriental . pnoc renewables corporation edit pnoc renewables corporation pnoc rc is a fully owned subsidiary of state owned philippine national oil company pnoc . organized on march 7 2008 it is the newest pnoc subsidiary . pnoc rc will be the primary vehicle of pnoc in promoting developing and implementing new and renewable energy sources in the country . through renewable energy the country would be able to reduce its dependence on imported oil while mitigating climate change . renewable energy is an important component in the country s drive towards energy self sufficiency security and independence . renewable energy projects include hydropower projects wind project biomass and or waste to energy projects solar electrification projects geothermal projects see also edit petron references edit http pnoc ec.com.ph profile external links edit philippine national oil company official website pnoc exploration corporation official website pnoc alternative fuels corporation official website pnoc development and management corporation official website pnoc renewables corporation official website retrieved from https en.wikipedia.org w index.php title philippine national oil company & oldid 727831810 categories oil and gas companies of the philippinesnational oil and gas companiescompanies listed on the philippine stock exchangegovernment owned and controlled corporationscompanies based in taguigphilippine brandsdepartment of energy philippines hidden categories wikipedia articles needing clarification from june 2011all wikipedia articles needing clarification navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what 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