(EnergyAsia, January 31 2012, Tuesday) — Philippines oil company Petron said its board has approved its acquisition of a 65% stake in a Malaysian refinery owned by the local Exxon Mobil subsidiary.Petron, a San Miguel subsidiary which owns and operates the Philippines largest refinery, will pay US$610 million for Esso Malaysia’s downstream assets which include…
MALAYSIA: Philippines Petron approved to acquire Exxon’s Port Dickson refinery
Posted on January 31, 2012 by EnergyAsia