• CHINA FIRM TO DRILL FOR OIL IN CEBU

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    Cebu has attracted another oil firm, China International Mining Petroleum Co. Ltd. (CIMPCL), which will start drilling for oil in the southwestern town of Alegria, Cebu next month. Vladimir Gerchikov, CIMPCL manager in the Philippines, said they are working with Polyard Petroleum Company Ltd. He said they already have a contractor willing to conduct the drilling in the mountain barangay of Montpeller, Alegria, some 120 kilometers south of Cebu City. Gerchikov said the local government supports the oil exploration activity. Earlier, Australian firm Gas2Grid announced plans to conduct oil flow tests in the southern town of Aloguinsan in the next few months.

    PNA

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    1 Comment

    1. I don’t really understand what Phil govt had in their minds. aoar is there someone dealing with China under the tables. This puzzle comare to Spratly. Whom do u think