in searching for the 2010 numbers for malampaya i came up with this instead....which is very telling ,,,,,,,,,,, including the big take from the govt as well.....i forgot what taxes ontop of the govt's take will be included,,:
Gov't share in Malampaya worth P101.7-B as of 2010
abs-cbnNEWS.com
Posted at 01/20/2011 10:53 PM | Updated as of 01/21/2011 10:33 PM
MANILA, Philippines - The national government's share from the Malampaya deep water-to-gas project field has reached P101.66 billion.
This represents accumulated earnings of the national government as of end-2010.
The national government has a 60% share in the earnings of the Malampaya project's operations in Palawan as specified in its service contract with the private consortium that operates it.
National Treasurer Roberto B. Tan said on Jan 20 that the government has disbursed only P16.86 billion.
The P84.4 billion balance has been classified as a "special account" under the government's "general fund."
"The amount is not missing and is classified as special account in general fund 151 earmarked for a purpose as prescribed by law," Tan said.
The Arroyo administration had tried to sell its stake in the Malampaya project to plug a widening budget deficit that could have hit another a record high of P320 billion in 2010.
However, the new Aquino government decided in July 2010 to put the sale on hold.
Energy Secretary Jose Rene D. Almendras directed the state-owned Philippine National Oil Company to first resolve the issues hounding its subsidiary, PNOC-Exploration Corporation prior to making a decision on whether or not to sell the stake.
PNOC-EC owns the 10% stake in the Malampaya project, which fuels the country's 3 natural gas power plants.
The remaining 90% stake is held by Shell Philippines Exploration B.V and Chevron Texaco.
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