LETTER OF INSTRUCTION NO. 781

: The main subject is the fund requirements for the newly-created Energy Supply Base to service petroleum and other energy-related operations in the Philippines, including the expansion and upgrading of facilities at the supply base in Mabini, Batangas.
: The Philippine National Oil Company is directed to establish and operate the Energy Supply Base.
: They are directed to provide and release funds amounting to Twenty Million Pesos (P20,000,000.00) immediately to the Philippine National Oil Company for the Energy Supply Base project.
: The funds are to be disbursed out of the Special Fund created under Section 8 (j) of Republic Act 6173 as amended.
: The Special Fund was created under Section 8 (j) of Republic Act No. 6173, as amended.
: It will provide logistical support for ongoing and future petroleum exploration projects and other energy-related operations in the Philippines.
: LOI No. 781 took effect immediately on the date it was issued, December 7, 1978.
: LOI No. 781 refers to LOI No. 563 as the initial directive for the Philippine National Oil Company to establish and operate an internationally acceptable Energy Supply Base; LOI 781 expands on that by providing funding and further directives.
: Yes, the funds are intended for expanding and upgrading the facilities at the present supply base in Mabini, Batangas to ensure adequate logistical support for energy operations.