Presidential Decree No. 949 (PD 949) — Vesting the Administration and Ownership in Favor of the Philippine National Oil Company of That Parcel of Land of the Public Domain Located at Lamao, Limay, Bataan Which Was Reserved for Industrial Estate Purposes Pursuant to Proclamation No. 361 Dated March 6, 1968 as Amended by Proclamation No. 630 Dated November 29, 1969 and for Other Purposes.
WHEREAS, the establishment, development and operation of a
petrochemical complex and related industries in a petrochemical site is
vital to economic and industrial development;
WHEREAS, the efficient implementation of this objective in
that site at Lamao, Limay, Bataan, more specifically described in
Proclamation No. 361 dated March 6, 1968 as amended by Proclamation No.
630 dated November 29, 1969 can best be achieved thru an entity equipped
and competent to pursue in earnest such an undertaking;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution,
do hereby decree and order:
SECTION 1. The administration, management, and ownership of
that parcel of land of the public domain located at Lamao, Limay, Bataan
which is reserved for industrial estate purposes and more particularly
described in Presidential Proclamation No. 361 dated March 6, 1968 as
amended by Proclamation No. 630 dated November 29, 1969, subject to
private rights, if any, which shall be the subject of expropriation, is
hereby transferred to the Philippine National Oil Company (PNOC) in full
and absolute ownership for the nominal sum of One Peso; Provided,
that, the Philippine Explosives Corporation, now operating therein
shall be allowed to continue with its usual business operations,
transactions and activities as authorized by law subject to such rules
and regulations as PNOC may prescribe. The Bureau of Lands shall survey
and fix the permanent boundaries of the aforementioned parcel of land of
the public domain.
SEC. 2. The Philippine National Oil Company shall manage,
operate and develop the said parcel of land as a petro-chemical
industrial zone and will establish, develop and operate or cause the
establishment, development and operation thereat of petrochemical and
related industries by itself or its subsidiaries or by any other entity
or person it may deem competent alone or in joint venture; Provided,
that, where any petrochemical industry is operated by private entities
or persons, whether or not in joint venture with the Philippine National
Oil Company or its subsidiaries, the Philippine National Oil Company
may lease, sell and/or convey such portions of the petrochemical
industrial zone to such private entities or persons.
SEC. 3. The Philippine National Oil Company shall
prescribe such rules and regulations as shall be necessary in the
establishment, management, operation and development of the
petrochemical industrial zone.
SEC. 4. All laws, decrees, executive orders,
proclamations, rules and regulations inconsistent herewith are hereby
repealed and/or modified accordingly.
SEC. 5. This decree shall take effect immediately.
Done in the City of Manila this 17th day of June in the year
of Our Lord, nineteen hundred and seventy-six.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
JACOBO C. CLAVE
Presidential Executive Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
