^
+ Follow SAUDI ARABIAN OIL CO Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 374921
                    [Title] => Petron to benefit from PNOC-EDC offering
                    [Summary] => 



Philippine National Oil Co. (PNOC) is planning to use a portion of the proceeds from the PNOC-Energy Development Corp. initial public offering (IPO) to infuse additional equity to oil refiner Petron Corp., industry sources said.


They said PNOC could use up some $30 million or about P1.5 billion of the IPO proceeds to answer Petron’s call for more capital to expand its refinery operation.

Petron will need $300 million for its refinery expansion. Of this total project cost, 70 percent would be raised through loan and 30 percent through equity.
[DatePublished] => 2006-12-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 237200 [Title] => Petron sets up P1-B retail arm to operate chain of service stations [Summary] => Petron Corp., the country’s biggest oil refiner, has set up a P1-billion retail subsidiary to operate its company-owned service stations nationwide.

The Securities and Exchange Commission (SEC) has approved the creation of the new company, Petron Marketing Corp., a 100-percent subsidiary of Petron.

Through the new unit, Petron will start setting up service stations in high-traffic, high-visibility sites such as expressways and national roads, initially targeting 30 stations over a five-year period.
[DatePublished] => 2004-02-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 180884 [Title] => Saudi Aramco assures RP of steady oil supply [Summary] => Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest oil supplier, affirmed its commitment to a steady supply of oil to the Philippines as it continues to invest and expand its operations in the country.

The Saudi-based oil firm has close ties with the Philippines through its partnership with Petron Corp., where it holds a 40-percent stake.
[DatePublished] => 2002-10-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
SAUDI ARABIAN OIL CO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 374921
                    [Title] => Petron to benefit from PNOC-EDC offering
                    [Summary] => 



Philippine National Oil Co. (PNOC) is planning to use a portion of the proceeds from the PNOC-Energy Development Corp. initial public offering (IPO) to infuse additional equity to oil refiner Petron Corp., industry sources said.


They said PNOC could use up some $30 million or about P1.5 billion of the IPO proceeds to answer Petron’s call for more capital to expand its refinery operation.

Petron will need $300 million for its refinery expansion. Of this total project cost, 70 percent would be raised through loan and 30 percent through equity.
[DatePublished] => 2006-12-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 237200 [Title] => Petron sets up P1-B retail arm to operate chain of service stations [Summary] => Petron Corp., the country’s biggest oil refiner, has set up a P1-billion retail subsidiary to operate its company-owned service stations nationwide.

The Securities and Exchange Commission (SEC) has approved the creation of the new company, Petron Marketing Corp., a 100-percent subsidiary of Petron.

Through the new unit, Petron will start setting up service stations in high-traffic, high-visibility sites such as expressways and national roads, initially targeting 30 stations over a five-year period.
[DatePublished] => 2004-02-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 180884 [Title] => Saudi Aramco assures RP of steady oil supply [Summary] => Saudi Arabian Oil Co. (Saudi Aramco), the world’s largest oil supplier, affirmed its commitment to a steady supply of oil to the Philippines as it continues to invest and expand its operations in the country.

The Saudi-based oil firm has close ties with the Philippines through its partnership with Petron Corp., where it holds a 40-percent stake.
[DatePublished] => 2002-10-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with