Dennis Uy denies China oil firm ghosted him

Ghosting between business partners? Dennis Uy's Phoenix Petroleum says its talks with China National Offshore Oil Corporation remain alive.

GHOSTED? Dennis Uy denies a report saying that China National Offshore Oil Corporation may backpedal on their joint venture. File photo by Angie de Silva/Rapplerwhich said that China National Offshore Oil Corporation may backpedal on their $2-billion joint venture for liquefied natural gas projects.

The article, published last Saturday, August 31, quoted a source as saying that CNOOC seems to be"ghosting" thepartnership, which also involves state-run Philippine National Oil Company. The source, who is said to be an energy official, went on to say that CNOOC had not communicated with"We have no knowledge on the assertions or contentions made in the article as of date of writing. The company continues its talks with CNOOC pertaining to the joint venture agreement with CNOOC,"Tanglawan Philippine LNG was given a notice to proceed in December 2018.article quoted Energy Assistant Secretary Leonido Pulido III as saying that the NTP expired last June 22.

The joint venture aims to develop a power facility that can provide up to 2,000 megawatts of installed capacity.– Rappler.comTake discussions to the next level with Rappler PLUS — your platform for deeper insights, closer collaboration, and meaningful action. Sign up today and access exclusive content, events, and workshops curated especially for those who crave clarity and collaboration in an intelligent, action-oriented community.

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