- Gov't plans to sell 40% remaining Petron stake.
Byline: FIL C. SIONIL The administrations fiscal managers are seriously planning to unload the governments remaining 40 percent stake in Petron Corporation to finance part of the budgetary gap this year. Socio Economic Secretary Romulo Neri confirmed that the sale ......
- Petron names new president.
Partly government-owned Petron Corporation will have a new president and chief executive officer effective Sept. 16, 2000 in the person of Mr. Motassim A. al-Ma'ashouq who will succeed Khalid al-Falih who has been reassigned to a new post at Saudi ......
- Big discoveries key to lowering oil prices.
Byline: Myrna M. Velasco ROME, Italy -- World energy leaders are expecting downtrend in global oil prices starting 2008 and onwards and this is hinged on prospects of discovery of oil fields that could yield huge volume to add to ......
- Saudi assures RP of oil supplies.
Byline: MYRNA M. VELASCO Saudi Arabia, the world's largest oil producer, has reaffirmed its commitment to help plug any disruption or shortfall the Philippines may encounter on its oil supply. Energy Secretary Raphael P.M. Lotilla has conveyed to the media ......
- DoE expects more cuts in LPG prices.
Byline: MYRNA M. VELASCO The Department of Energy (DoE) is expecting that another round of P0.50 per kilogram rollback in the price of liquefied petroleum gas (LPG) be implemented before the month of March ends. Energy officials noted that after ......
- Saudi Aramco World. (Abstracts: Film).
Hansen, Eric, 2000, The hidden history of a scented wood, Saudi Aramco World, 51 (6): 2-13. For numberless centuries gaharu wood, which is claimed to produce the very best incense, has been one of the most expensive commodities in the ......
- Latent Saudi-Iran Oil Price War Seen.
An APS source in Riyadh on March 22 said Saudi Aramco was gradually raising its production by 300,000 b/d to 9.5m b/d in what could eventually develop into a latent price war between Riyadh and Tehran. Although Cheney's visit ended ......
- Vizag to host India's strategic crude reserve.
Byline: Piyush Pandey MUMBAI: India is planning to build its first strategic crude reserve at Visakhapatnam in Andhra Pradesh. The reserve will be in an underground rock cavern or concrete structure. There are also plans for a similar facility at ......
- Stock to watch on Monday.
MUMBAI: The Indian stock market is seen opening higher on Monday tracking positive global cues. But the action is seen more in the mid-cap space as investors are not comfortable betting on the large-caps stocks. On Friday, the Sensex closed ......
- Oil firms cut LPG prices, more rollbacks anticipated this month.
Byline: MYRNA M. VELASCO The players in the domestic liquefied petroleum gas (LPG) industry have pared down anew their prices by P1.50 per kilogram, exclusive of value-added tax (VAT) charges, effective 12:01 am of April 1. The anticipated significant downtrend ......
- Saudi Aramco assures steady oil supply to RP.
Byline: MYRNA M. VELASCO Saudi Arabian Oil Company (Saudi Aramco), the world's largest oil producer which owns a strategic 40-percent stake in dominant local oil player Petron Corporation, has assured undisrupted flow of oil supply to the Philippines, even in ......
- Downstream & Upstream Expansions.
Two major world petroleum conferences held in early May, one in Houston followed by one in Abu Dhabi, highlighted capacity expansions at both ends of the industry. In a speech to the Offshore Technology Conference in Houston, Saudi Aramco's Vice ......
- Saudi Aramco To Use New E&P Technology.
Speaking in Washington at an energy technology conference sponsored by the Centre for Strategic and International Studies (CSIS), Saudi Aramco's chief geophysicist Muhammad M. Al-Saggaf on May 1 said his state-owned company planned to use the latest E&P technologies and ......
- Saudi Aramco likely to partner IOC.
Byline: Piyush Pandey NEW DELHI: Saudi Aramco is likely to pick up at least 26% stake in IOC-proposed 15 MMPTA grass-root refinery at Paradip in Orissa. The refinery is expected to be commissioned by 2012 at cost of Rs 25,000 ......
- Will bring home some 200 pardoned OFWs.
Byline: DAVID CAGAHASTIAN President Arroyo will arrive in Manila at 1:30 p.m. today after a four-day state visit to Saudi Arabia, together with more than 200 overseas Filipino workers (OFWs) who have been released from prison, and with commitments for ......
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