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...
Increasing oil imports resulting from Shell’s decision to close its Batangas refinery would make the Philippines vulnerable to global oil price swings and jacking up of inflation, global market research company Fitch...
Senate energy committee chairman Sherwin Gatchalian hopes that Petron Corporation would reconsider its plan to close its refinery in Limay, Bataan in the wake of job cuts caused by the COVID-19 pandemic....
Phoenix Petroleum Philippines, Inc. of Davao-based tycoon Dennis Uy is now among the country’s “Big Three” oil industry players. Data from the Department of Energy (DOE) in the first half of the...
Lockdowns, refinery shutdowns, and travel restrictions due to the COVID-19 pandemic knocked down crude oil import volumes in the first half of 2020 with 28% year-on-year, while refined petroleum import volumes dropped...
Petron, the country’s biggest oil refiner, may close its refinery in Limay, Bataan if the government wouldn’t heed its appeal for a level playing field in the local oil industry, said its...
Corporate rivals Manny V. Pangilinan and Ramon S. Ang may be going head-to-head again, this time in the energy arena, as Pangilinan’s MVP Group and Ang’s San Miguel Corporation (SMC) have expressed...
