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                (
                    [ArticleID] => 170385
                    [Title] => Perez bucks proposal to create National Oil Exchange
                    [Summary] => Energy Secretary Vincent S. Perez is opposing any proposal to create a National Oil Exchange (NOEC).


"The local oil industry is already healthy at the moment. We don’t see the need for the concept of an oil exchange," Perez told reporters.


He said the country has sufficient petroleum supply. "The spirit of a deregulated industry already allows transparency in the procurement of petroleum products," he added.


The energy chief said there is enough competitive pressure in the industry, thus there is no need an oil exchange.


                    [DatePublished] => 2002-08-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 129290
                    [Title] => Solon presses creation of National Oil Exchange
                    [Summary] => Rep. Enrique "Tet" Garcia said yesterday he would ask President Arroyo to certify as urgent the bill creating the controversial National Oil Exchange (NOEC).


"I’m writing the President because I remember that she mentioned that the creation of an oil exchange is one of her major (economic) programs," Garcia said during a forum on oil pricing sponsored by the Asian Institute of Management (AIM).


                    [DatePublished] => 2001-08-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 100437
                    [Title] => DOE explains objections to proposed oil exchange
                    [Summary] => 

The Department of Energy reiterated yesterday its opposition to the proposed
creation of a national oil exchange corporation (NOEC).

Energy secretary Mario Tiaoqui explained that the establishment of a NOEC will
not be a guarantee that the prices of oil products will go down, contrary to
what the proponents of the bill are claiming.

The idea of establishing the NOEC was introduced by Rep. Enrique Garcia Jr. in
House Bill No.
                    [DatePublished] => 2000-04-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500820
                    [AuthorName] => Marvin Sy

                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

NOEC

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 170385
                    [Title] => Perez bucks proposal to create National Oil Exchange
                    [Summary] => Energy Secretary Vincent S. Perez is opposing any proposal to create a National Oil Exchange (NOEC).


"The local oil industry is already healthy at the moment. We don’t see the need for the concept of an oil exchange," Perez told reporters.


He said the country has sufficient petroleum supply. "The spirit of a deregulated industry already allows transparency in the procurement of petroleum products," he added.


The energy chief said there is enough competitive pressure in the industry, thus there is no need an oil exchange.


                    [DatePublished] => 2002-08-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 129290
                    [Title] => Solon presses creation of National Oil Exchange
                    [Summary] => Rep. Enrique "Tet" Garcia said yesterday he would ask President Arroyo to certify as urgent the bill creating the controversial National Oil Exchange (NOEC).


"I’m writing the President because I remember that she mentioned that the creation of an oil exchange is one of her major (economic) programs," Garcia said during a forum on oil pricing sponsored by the Asian Institute of Management (AIM).


                    [DatePublished] => 2001-08-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 100437
                    [Title] => DOE explains objections to proposed oil exchange
                    [Summary] => 

The Department of Energy reiterated yesterday its opposition to the proposed
creation of a national oil exchange corporation (NOEC).

Energy secretary Mario Tiaoqui explained that the establishment of a NOEC will
not be a guarantee that the prices of oil products will go down, contrary to
what the proponents of the bill are claiming.

The idea of establishing the NOEC was introduced by Rep. Enrique Garcia Jr. in
House Bill No.
                    [DatePublished] => 2000-04-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500820
                    [AuthorName] => Marvin Sy

                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Perez bucks proposal to create National Oil Exchange

August 1, 2002 - 12:00am

Energy Secretary Vincent S. Perez is opposing any proposal to create a National Oil Exchange (NOEC). "The local oil industry is already healthy at the moment. We don’t see the need for the concept of an...

Business

Solon presses creation of National Oil Exchange

By Donnabelle L. Gatdula | August 8, 2001 - 12:00am

Rep. Enrique "Tet" Garcia said yesterday he would ask President Arroyo to certify as urgent the bill creating the controversial National Oil Exchange (NOEC). "I’m writing the President because...

Business

DOE explains objections to proposed oil exchange

By Marvin Sy | April 7, 2000 - 12:00am

The Department of Energy reiterated yesterday its opposition to the proposed creation of a national oil exchange corporation (NOEC). Energy secretary Mario Tiaoqui explained that the establishment of a NOEC will not...

Business