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                    [ArticleID] => 235402
                    [Title] => DOE says Caltex, Shell not yet off the hook in mandatory IPO issue
                    [Summary] => The Department of Energy (DOE) is still keen on compelling oil firms Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc. to offer their shares to the public through the initial public offering (IPO) route. 


"We are not neglecting our obligation to implement the law.  We are just waiting for the Department of Justice’s  opinion," Energy Secretary Vincent S. Perez said. 


Perez said both Shell and Caltex will still have to undertake their respective  IPOs, even as  the latter has decided to  close its oil refinery. 


                    [DatePublished] => 2004-01-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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                    [ArticleID] => 235402
                    [Title] => DOE says Caltex, Shell not yet off the hook in mandatory IPO issue
                    [Summary] => The Department of Energy (DOE) is still keen on compelling oil firms Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc. to offer their shares to the public through the initial public offering (IPO) route. 


"We are not neglecting our obligation to implement the law.  We are just waiting for the Department of Justice’s  opinion," Energy Secretary Vincent S. Perez said. 


Perez said both Shell and Caltex will still have to undertake their respective  IPOs, even as  the latter has decided to  close its oil refinery. 


                    [DatePublished] => 2004-01-17 00:00:00
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abtest

DOE says Caltex, Shell not yet off the hook in mandatory IPO issue

By Donnabelle L. Gatdula | January 17, 2004 - 12:00am

The Department of Energy (DOE) is still keen on compelling oil firms Pilipinas Shell Petroleum Corp. and Caltex Philippines Inc. to offer their shares to the public through the initial public offering (IPO) route....

Business