MANILA (AFX-ASIA) – Energy Secretary Vicente Perez said the government is not considering adjustments to the minimum inventory requirement for local oil companies at this time despite a decision of the Organisation of Petroleum Exporting Countries to cut its output by 900,000 barrels per day. “The (required) minimum inventory has not been lifted since the…
PHILIPPINES: Minimum oil inventory adjustment ruled out despite OPEC output cut
Posted on October 2, 2003 by EnergyAsia