Tag page - oil refinery

State-run Philippine National Oil Company (PNOC) is weighing the proposal of at least three investors that have been eyeing to put up an oil refinery at its property in Bataan, so it can augment the country’s fuel requirements. “We have proponents - there are investors talking to us about our...

Leading oil firm Petron Corporation reported that its consolidated net income in the first quarter this year slightly dropped to P3.4 billion versus last year’s more upbeat bottom line of P3.6 billion due to higher financing cost. “The increase in financing cost was partly tempered by the...

ABUJA, Nigeria -- Over 100 people have been killed following an explosion at an illegal oil refinery in Nigeria's southern state of Imo, official and local sources said on Saturday. The explosion occurred late Friday at the illegal oil refinery in Egbema local government area, a boundary area...