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                    [Title] => PNOC to sell part of exploration unit
                    [Summary] => The Philippine National Oil Corp. (PNOC) will sell a substantial portion of its 99.78-percent stake in Exploration Corp. (EC) as part of its commitment to privatize its subsidiary.


"It is part of our commitment to privatize when Malampaya’s gas starts flowing," said outgoing PNOC-EC chairman Horacio V. Paredes during the company’s stockholders meeting yesterday.


The natural gas in the Malampaya fields is expected to start flowing in October this year, but the well’s full commercial operations will be in January 2002.


                    [DatePublished] => 2001-06-14 00:00:00
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                    [ArticleID] => 97197
                    [Title] => PNOC to sell part of exploration unit
                    [Summary] => The Philippine National Oil Corp. (PNOC) will sell a substantial portion of its 99.78-percent stake in Exploration Corp. (EC) as part of its commitment to privatize its subsidiary.


"It is part of our commitment to privatize when Malampaya’s gas starts flowing," said outgoing PNOC-EC chairman Horacio V. Paredes during the company’s stockholders meeting yesterday.


The natural gas in the Malampaya fields is expected to start flowing in October this year, but the well’s full commercial operations will be in January 2002.


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ALFREDO BUNYE JR.

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                    [Title] => PNOC to sell part of exploration unit
                    [Summary] => The Philippine National Oil Corp. (PNOC) will sell a substantial portion of its 99.78-percent stake in Exploration Corp. (EC) as part of its commitment to privatize its subsidiary.


"It is part of our commitment to privatize when Malampaya’s gas starts flowing," said outgoing PNOC-EC chairman Horacio V. Paredes during the company’s stockholders meeting yesterday.


The natural gas in the Malampaya fields is expected to start flowing in October this year, but the well’s full commercial operations will be in January 2002.


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                    [ArticleID] => 97197
                    [Title] => PNOC to sell part of exploration unit
                    [Summary] => The Philippine National Oil Corp. (PNOC) will sell a substantial portion of its 99.78-percent stake in Exploration Corp. (EC) as part of its commitment to privatize its subsidiary.


"It is part of our commitment to privatize when Malampaya’s gas starts flowing," said outgoing PNOC-EC chairman Horacio V. Paredes during the company’s stockholders meeting yesterday.


The natural gas in the Malampaya fields is expected to start flowing in October this year, but the well’s full commercial operations will be in January 2002.


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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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abtest

PNOC to sell part of exploration unit

June 14, 2001 - 12:00am

The Philippine National Oil Corp. (PNOC) will sell a substantial portion of its 99.78-percent stake in Exploration Corp. (EC) as part of its commitment to privatize its subsidiary. "It is part of our commitment...

Business

PNOC to sell part of exploration unit

June 14, 2001 - 12:00am

The Philippine National Oil Corp. (PNOC) will sell a substantial portion of its 99.78-percent stake in Exploration Corp. (EC) as part of its commitment to privatize its subsidiary. "It is part of our commitment...

Business