MEMORANDUM ORDER NO. 340, February 15, 1996

DELEGATING AUTHORITY TO THE EXECUTIVE SECRETARY TO EXECUTE FOR AND IN BEHALF OF THE REPUBLIC OF THE PHILIPPINES SERVICE CONTRACTS COVERING OIL EXPLORATION AND DEVELOPMENT

Memorandum Orders February 15, 1996



Pursuant to the authority vested in the
President to execute contracts and to delegate such authority, for and
in behalf of the Republic of the Philippines, under Section 51 (1),
Chapter I of the Administrative Code of 1987 and the President’s
approval authority over service contracts covering oil exploration and
development under Section 5 of PD No. 87, authority is hereby given to
the Executive Secretary to sign and execute, for and in behalf of the
Republic of the Philippines, service contracts covering oil exploration
and development in the country.

This Memorandum Order
shall take effect immediately

Adopted: 15 Feb.
1996

(SGD.)
FIDEL V.
RAMOS
President