The new year may begin with the end of an era in the Philippines’ oil sector, as Petron has confirmed that it will be shutting down in January 2021 its refinery in...
San Miguel Corporation (SMC) has recently announced the acquisition of Petrogen Insurance Corporation, Petron’s wholly-owned insurance subsidiary, via a Php3 billion equity investment. “With the investment, the corporation will have direct equity...
More oil traders may see the Philippines as attractive if Petron’s Bataan refinery, the country’s once-largest and the last one standing, closes indeed, according to an oil executive. Raymond Zorrilla, Senior Vice...
Petron Corporation’s sales volume and revenue may have improved in the third quarter due to the easing of quarantine restrictions, but this was not enough to outweigh the overall effect of the...
An economist believes that the oil refinery industry in the Philippines would make a comeback once the COVID-19 pandemic subsides. In an interview with state-run Philippine News Agency, Shan Saeed, global chief...
A consumer group said the government must buy Petron Corporation’s 180,000-barrel refinery in Limay, Bataan to prevent the oil giant from closing the facility and to help shield the country from spikes...
The Department of Finance (DOF) believes that Petron Corporation’s issues regarding its Bataan refinery is not a tax concern, but rather that of a supply chain. Finance Sec. Carlos Dominguez said this...
The Department of Energy (DOE) is on close watch regarding Petron Corporation’s plan to close its refinery in Limay, Bataan. While the DOE has yet to receive any formal notice from the...
Petron Corporation President and CEO Ramon S. Ang said the oil giant will shut down its refinery in Limay, Bataan “very soon” as it continues to be aggravated by the COVID-19 pandemic...
The Court of Tax Appeals (CTA) has rejected a petition for review filed by oil giant Petron Corporation, which sought to refund Php56 million of taxes it paid in 2012 for the...
