MANILA (AFX-ASIA) – Petron Corp said its board of directors has approved US$94.4 million or 5.119 billion pesos in funding for various projects this year, including the upgrading of its oil refinery. Petron president Motassim Al-Ma’ashouq said the budget will be used mostly for the company’s refinery upgradation program to enable it to produce gasoline…
PHILIPPINES: Petron approves US$94.4 million funding for various projects, refinery upgrade
Posted on February 27, 2003 by EnergyAsia