MANILA (AFX-ASIA) – The state-owned Philippine National Oil Co (PNOC) is considering a joint venture with Iranian Petrochemical Commercial Co (IPCC) on both the mid-stream and downstream petrochemical industries in the Philippines, PNOC president Thelmo Cunanan said. “We are conducting our due diligence and IPCC is also conducting its own due diligence. We are studying…