+ Follow AL-FADDAGH Tag
AL-FADDAGH
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[results] => Array
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[0] => Array
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[ArticleID] => 8495
[Title] => Petron clears P2.7B in 1st semester
[Summary] =>
[DatePublished] => 2007-07-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 396127
[Title] => Petron launches new gasoline product
[Summary] =>
Oil industry leader Petron Corp. launched yesterday a new product that would complement the implementation of the Biofuels Act starting May 6.
The new product, called XCS Complete Combustion System, is a breakthrough technology customized exclusively for Philippine driving conditions, company officials said.
[DatePublished] => 2007-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 381779
[Title] => Petron eyes China, Vietnam for exports
[Summary] =>
Petron Corp., the country’s largest oil refiner, will expand its export business to include China and Vietnam in the list of its new markets for its lubricant and fuel additives, a top ranking company official said.
"We’re looking at Vietnam and we’re going to monitor the potential in China and other countries," Petron president Khalid Al-Faddagh said.
He said they will continue to break into other export markets this year as they intend to keep a steady share of exports income in the company’s bottom line.
[DatePublished] => 2007-01-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 381176
[Title] => Petron allots P260M for ethanol program
[Summary] =>
Industry leader Petron Corp. will invest over P260 million this year in preparation for the implementation of the newly-signed Biofuels Act, Petron president Khalil Al-Faddagh said over the weekend.
Al-Faddagh said the amount would form part of the oil company’s capital expenditure for 2007.
Al-Faddagh said this budget, which was approved by the company’s board recently, will specifically be used to upgrade Petron’s service stations to be able to comply with the Biofuels Law.
[DatePublished] => 2007-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 380089
[Title] => Petron supplies free fuel for Asean Summit
[Summary] =>
Petron Corp., the country’s largest oil refiner, has announced that it is supplying free fuel for the 12th Association of Southeast Asian Nations (ASEAN) Summit in Cebu City.
Petron president Khalid D. Al-Faddagh said specifically, they would provide fuel to the official vehicles of VIPs, all aircraft being used by visiting dignitaries and vehicles of the national organizing committee (NOC).
Al-Faddagh said Petron has formed a partnership with BMW Philippines to provide the needed fuel for the vehicles that will be used by the ASEAN VIP delegates.
[DatePublished] => 2007-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 349692
[Title] => Petron H1 income up 16% to P2.7B
[Summary] =>
Petron Corp., the country’s largest oil refiner, reported a net income of P2.7 billion in the first half of 2006, a 16 percent increase from P2.3 billion in the same period last year.
In his report to stockholders yesterday, Petron president and CEO Khalid D. Al-Faddagh said the growth in earnings was brought about by higher export volumes and favorable international prices.
Expecting bright export business prospects to be sustained in the next four years, Al-Faddagh said they expect earnings to reach P10 billion in 2010.
[DatePublished] => 2006-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 340488
[Title] => Petron mulls refinery in Mindanao
[Summary] => Petron Corp. is undertaking a feasibility study on the construction of an oil refinery plant in Mindanao, a top company official said.
Being the largest oil refiner in the Philippines, Petron president Khalid Al-Faddagh said the company was asked by President Arroyo to conduct the study during her recent visit in Saudi Arabia.
"What we were tasked when the President came to visit Saudi Aramco is for us to conduct a feasibility study in building the refinery in Mindanao," Al-Faddagh said.
[DatePublished] => 2006-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 339648
[Title] => Petron bares non-toxic diesel engine cleaner
[Summary] => Petron Corp., the country’s largest oil company, launched yesterday the first non-toxic, biodegradable diesel engine cleaning technology in the market as part of its continuing efforts to promote a cleaner environment.
The new technology called "Carbon Flush" is a product of more than three years of continuing intense research and testing by Petron’s highly-qualified technical group.
[DatePublished] => 2006-06-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 327325
[Title] => Petron income up 77% to P6.04B
[Summary] => Petron Corp. posted a 77- percent increase in its net income to P6.04 billion in 2005 from P3.42 billion in 2004, its best performance in 10 years.
Petron is 40 percent owned by the government through Philippine National Oil Co. (PNOC). Another 40 percent is held by oil giant Saudi Aramco while the remaining 20 percent is listed in the country’s stock market.
[DatePublished] => 2006-03-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 319789
[Title] => Petron to sell bottled coco-biodiesel products
[Summary] => Petron Corp. has finally expressed support on the use of alternative fuels, particularly coco-biodiesel, a ranking company official said.
Petron president Khalid Al-Faddagh said that as of now, Petron has committed selling bottled coco-biodiesel products in their gasoline stations.
"We already made a statement that we can offer the bottled coco-biodiesel products," he said.
It will be recalled that Petron has been one of the oil firms that have been hesitant to use coco-biodiesel in the past.
[DatePublished] => 2006-02-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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