(EnergyAsia, March 19, Wednesday) — Saudi Arabia’s state energy company Aramco is selling its 40% in the Philippines’ largest oil refiner, Petron Corp, to the London-based Ashmore investment group for 22.5 billion billion peso. (US$1=41 peso).At a time of world oil supply uncertainties and record prices, the sale is seen as a blow to the…
PHILIPPINES: Aramco selling 40% stake in Petron for 22.5 billion peso
Posted on March 18, 2008 by EnergyAsia