Maharlika eyes oil storage venture with PNOC to boost energy resilience

MANILA, Philippines – The Philippines’ sovereign wealth fund could partner with the country’s state-owned energy company and private firms to build oil storage tanks to bolster the country’s resilience to oil price shocks. Maharlika Investment Corp. (MIC) chief Rafael Consing Jr. said on Wednesday that a consortium by the Philippine National Oil Co. (PNOC) with