DOE slams IBP for “sweeping” statement on Chevron-Udenna deal


The Department of Energy (DOE) called out the Integrated Bar of the Philippines’ (IBP) for its “sweeping” statement demanding the revocation of the agency’s approval of Udenna Corporation’s purchase of Chevron’s 45% stake in the Malampaya gas field.

In its own statement, the DOE said the IBP made its stance “without first checking the facts and applicable laws.”

“The IBP’s ‘thoughtless’ involvement, allowing itself to be used by unscrupulous interest groups, greatly disappoints,” the DOE’s statement further read.

“The DOE shall respond to any allegation against it in the proper forum and in due time,” it added.