Unocal Corporation (NYSE: UCL) said that its subsidiary, Philippine Geothermal, Inc. (PGI), has received payment under a compromise agreement that has been reached to settle an eight-year dispute over operation of the Tiwi and Mak-Ban geothermal steam fields in the Philippines. The Philippines’ Department of Energy and the courts approved the agreement between PGI, the…
PHILIPPINES: Unocal subsidiary receives payment under “Geothermal Compromise Agreement”
Posted on July 28, 2004 by EnergyAsia