Shell fuel card news: Shell and Chevron 'express interest' in PNOC-EC
|
22 February, 10 Shell and Chevron have expressed interest in a stake in the Philippine National Oil Company Exploration Corporation (PNOC-EC), according to Manila Standard Today. The 60 per cent stake, currently owned by the Philippines government, is worth is worth 14-15 billion Philippine pesos. Finance secretary Margarito Teves told reporters: "We've had initial discussions already with Shell and Chevron because they have the position of right of first refusal [on the shares]." He added that Shell Philippines Exploration BV and Chevron Malampaya LLC are joined by another "three seriously interested parties". Mr Teves said that the government would confirm its pricing for the stake by Wednesday or Thursday, with a view to complete the sale by March. The 60 per cent stake being sold by the government sees an increase from the original 40 per cent it planned to sell. The government plans to sell the assets of PNOC-EC, created by presidential decree in 1973, separately. posted by James Richmond 
|
|
|
Shell fuel card news Shell fuel card news: Shell announces profits hike - 29/07/10 Fuel card news: Fuel savings 'can prevent job cuts' - 28/07/10 Fuel card news: Low crude supplies 'could keep prices high' - 27/07/10 Fuel card news: Oil struck off Ghanaian coast - 26/07/10 Business fuel card news: Shell hailed for new marketing approach - 21/07/10 |
|
the fuelcard people
The fuelcard people is one of the largest independent agents of fuel cards in the UK
e-Services
With your Fuel Card account you can apply for access to our
online management system free of charge. This allows users to do the following:
online management system free of charge. This allows users to do the following:
- Access account online 24/7
- Stop cards
- Order new cards
- View transactional data
- Receive invoices and statements via e-mail
