PNOC mulls offering Limay property to other buyers

STATE-RUN Philippine National Oil Co. (PNOC) is considering offering a 220-hectare property in Limay, Bataan to other interested investors if the group of Gregorio “Greggy” Ma. Araneta III fails to make a better offer for the property.

“The 2016 Memorandum of Agreement (MoA) expired but he wrote us another letter again. We invited him if he is still interested to offer us a better offer because his previous offer was not acceptable,” PNOC president Reuben Lista said in an interview last week.