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After a thorough review, state-run Philippine National Oil Co. (PNOC) has junked the proposal of Abacus Consolidated Resources & Holdings Inc. and its two foreign partners for a joint venture to develop the 100-kilometer Batangas-Manila (Batman 1) natural gas pipeline project.
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Government-run Philippine National Oil Co. (PNOC) expects to wrap up talks with a consortium led by a unit of Italian multinational oil and gas company Eni SpA for the construction of an integrated natural gas project from Batangas to Manila.
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To ensure that the government would get a better deal, state-run Philippine National Oil Co. (PNOC) said it is ready to challenge the offer of the consortium led by a unit of Eni SpA. of Italy for the construction of the country’s first natural gas pipeline, a ranking PNOC official said over the weekend.
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consortium composed of a locally-listed firm, an Italian oil and gas contractor, and an Abu Dhabi-based holding company is planning to put up a 100-kilometer natural gas pipeline from Batangas to Manila, an investment that is estimated at $1.2 billion, Malacañang announced yesterday.
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                    [Title] => PNOC junks Abacus' joint venture offer
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After a thorough review, state-run Philippine National Oil Co. (PNOC) has junked the proposal of Abacus Consolidated Resources & Holdings Inc. and its two foreign partners for a joint venture to develop the 100-kilometer Batangas-Manila (Batman 1) natural gas pipeline project.
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Government-run Philippine National Oil Co. (PNOC) expects to wrap up talks with a consortium led by a unit of Italian multinational oil and gas company Eni SpA for the construction of an integrated natural gas project from Batangas to Manila.
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To ensure that the government would get a better deal, state-run Philippine National Oil Co. (PNOC) said it is ready to challenge the offer of the consortium led by a unit of Eni SpA. of Italy for the construction of the country’s first natural gas pipeline, a ranking PNOC official said over the weekend.
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consortium composed of a locally-listed firm, an Italian oil and gas contractor, and an Abu Dhabi-based holding company is planning to put up a 100-kilometer natural gas pipeline from Batangas to Manila, an investment that is estimated at $1.2 billion, Malacañang announced yesterday.
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abtest

PNOC junks Abacus' joint venture offer

By Donnabelle L. Gatdula | September 10, 2010 - 12:00am

After a thorough review, state-run Philippine National Oil Co. (PNOC) has junked the proposal of Abacus Consolidated Resources & Holdings Inc. and its two foreign partners for a joint venture to develop the 100-kilometer...

Business

PNOC set to conclude talks with Italian firm for gas pipeline project

By Donnabelle L. Gatdula | April 8, 2010 - 12:00am

Government-run Philippine National Oil Co. (PNOC) expects to wrap up talks with a consortium led by a unit of Italian multinational oil and gas company Eni SpA for the construction of an integrated natural gas project...

Business

PNOC to challenge Italian firm's bid for first natural gas pipeline in RP

By Donnabelle L. Gatdula | February 15, 2010 - 12:00am

To ensure that the government would get a better deal, state-run Philippine National Oil Co. (PNOC) said it is ready to challenge the offer of the consortium led by a unit of Eni SpA. of Italy for the construction...

Business

Group plans $1.2-billion gas pipeline in RP

By Paolo Romero | February 13, 2010 - 12:00am

consortium composed of a locally-listed firm, an Italian oil and gas contractor, and an Abu Dhabi-based holding company is planning to put up a 100-kilometer natural gas pipeline from Batangas to Manila, an investment...

Business

Released OFW from Nigeria returns to RP, wants to go back

October 13, 2007 - 2:22pm

Nation

Kidnapped Filipino worker in Nigeria freed: report

October 10, 2007 - 11:03am

Nation