A MEMORANDUM of understanding (MoU) was signed last Aug. 20, 2024 between the Philippine National Oil Co. (PNOC), the University of Asia and the Pacific Foundation Inc. (UA&P), and the Center for Research and Communication Foundation Inc. (CRC). The MoU aimed to formalize and strengthen the close collaboration between PNOC, UA&P and CRC in the areas of manpower training and research that would further promote investments in the fields of renewable energy and social enterprises.
The PNOC was a government-owned and controlled corporation that sought to develop and implement projects in a financially prudent and responsible manner. PNOC had the aim of increasing the country's self-sufficiency level in oil, gas and other energy sources; fostering sustainable and environment-friendly sources of energy; promoting energy efficiency and conservation; and maintaining the highest standards of service and corporate governance.
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