Memorandum Circular No. 520

 

 

CREATING A COMMITTEE TO FORMULATE GUIDELINES FOR IMPLEMENTING THE RESOLUTION OF THE OIL INDUSTRY COMMISSION APPROVING IN PRINCIPLE THE PROPOSAL TO RESTORE FILIPINO OWNERSHIP OF FILOIL REFINERY CORPORATION

 

There is hereby created a Committee to formulate guidelines for implementing the resolution of the Oil Industry Commission approving in principle the proposal to restore Filipino ownership of Filoil Refinery Corporation, to be composed of the following:

 

Hon. Eduardo Rodriguez, Administrator, Office of Economic Coordination

 

-

Chairman

Hon. Leonides Virata. Chairman, Development Bank of the Philippines

 

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Member

Hon. Demetrio Brillantes, General Manager, National Development Company

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Member

 

The Committee is enjoined to follow the conditions provided in the resolution of the Oil Industry Commission dated November 15, 1971.

 

It is further enjoined to submit its recommendations to the President as soon as possible.

 

By authority of the President:

 

 

 

ALEJANDRO MELCHOR

Executive Secretary

 

Manila, December 3, 1971

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