Senators react on DOE's reasons for not exercising Malampaya rights: Mysterious, disturbing

The mystery deepens. This was how opposition Senator Risa Hontiveros described Udenna Corporation’s buy-out of Chevron’s 45 percent share in the Malampaya gas-to-power project. Hontiveros said the government, particularly the Philippine National Oil Company-Exploration Corporation (PNOC-EC), practically let go of a very good opportunity when it did not exercise the … Continue reading Senators react on DOE's reasons for not exercising Malampaya rights: Mysterious, disturbing