MANILA (AFX-ASIA) – The Department of Energy (DOE) is seeking to amend a three-year-old opinion by the Department of Justice (DOJ), which allowed a delay in initial public offerings (IPO) of Pilipinas Shell Petroleum Corp and Caltex Philippines Inc, Energy Secretary Vincent Perez said. Under the Oil Industry Deregulation Law, enacted in 1988, oil refiners…
PHILIPPINES: Energy Dept says Shell, Caltex units IPO need new DOJ opinion
Posted on February 19, 2004 by EnergyAsia