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                    [ArticleID] => 238489
                    [Title] => Oil firms still undecided on price rollback
                    [Summary] => Oil companies have not yet indicated plans  to roll back the pump prices of their products despite the downward trend of crude prices in the international market. 


"Not just yet.  We still have under-recoveries that we have failed to recoup from consumers," Independent Philippine Petroleum Companies Association (IPPCA) and Eastern Petroleum Corp. (EPC) chairman Fernando Martinez told reporters. 


Petron public affairs manager Virginia Ruivivar, on the other hand, said they have yet to come up with a computation by next week. 


                    [DatePublished] => 2004-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 163474
                    [Title] => Petron reduces refinery output by 30% due to weak demand
                    [Summary] => Publicly-listed Petron Corp. has cut back on its refinery production by 30 
percent due to a weak demand in the domestic market.


In an interview during a public forum sponsored by the Philippine Institute of Petroleum Inc. (PIP) on "Turmoil in Middle East-Impact on Oil Supplies and Oil Deregulation – The Asian Experience", Petron president and chief executive officer Motassim Al-Ma’ashouq said that at present, they are running at a rate of 126,000 barrels of oil per day (BOPD) or about 70 percent of its total refining capacity of 180,000 BOPD.


                    [DatePublished] => 2002-06-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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FACTS INC

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                    [ArticleID] => 238489
                    [Title] => Oil firms still undecided on price rollback
                    [Summary] => Oil companies have not yet indicated plans  to roll back the pump prices of their products despite the downward trend of crude prices in the international market. 


"Not just yet.  We still have under-recoveries that we have failed to recoup from consumers," Independent Philippine Petroleum Companies Association (IPPCA) and Eastern Petroleum Corp. (EPC) chairman Fernando Martinez told reporters. 


Petron public affairs manager Virginia Ruivivar, on the other hand, said they have yet to come up with a computation by next week. 


                    [DatePublished] => 2004-02-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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                )

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                (
                    [ArticleID] => 163474
                    [Title] => Petron reduces refinery output by 30% due to weak demand
                    [Summary] => Publicly-listed Petron Corp. has cut back on its refinery production by 30 
percent due to a weak demand in the domestic market.


In an interview during a public forum sponsored by the Philippine Institute of Petroleum Inc. (PIP) on "Turmoil in Middle East-Impact on Oil Supplies and Oil Deregulation – The Asian Experience", Petron president and chief executive officer Motassim Al-Ma’ashouq said that at present, they are running at a rate of 126,000 barrels of oil per day (BOPD) or about 70 percent of its total refining capacity of 180,000 BOPD.


                    [DatePublished] => 2002-06-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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Oil firms still undecided on price rollback

By Donnabelle L. Gatdula | February 11, 2004 - 12:00am

Oil companies have not yet indicated plans to roll back the pump prices of their products despite the downward trend of crude prices in the international market. "Not just yet. We still have under-recoveries...

Business

Petron reduces refinery output by 30% due to weak demand

By Donnabelle L. Gatdula | June 5, 2002 - 12:00am

Publicly-listed Petron Corp. has cut back on its refinery production by 30 percent due to a weak demand in the domestic market. In an interview during a public forum sponsored by the Philippine Institute of Petroleum...

Business