MANILA (AFX-ASIA) – The projected rise in crude oil prices is expected to have minimal impact on local electricity rates, Energy Secretary Vicente Perez said. Envoys from Middle East nations recently warned crude oil prices could hit US$100 a barrel in the event of a prolonged US-Iraq war, officials said. Mr Perez said the Philippines…
PHILIPPINES: Forecast oil price hike to have small impact on Philippine power rates
Posted on October 9, 2002 by EnergyAsia