Wednesday 30 May 2012

Dubai investor’s plan may doom Shell’s Asian refinery hub option - Business - Manila Standard Today

Energy Secretary Jose Rene Almendras did not leave enough clues that will give away the identity of the Dubai-listed petroleum company planning to lease at least 100 hectares of land in Bataan. He neither specified the type of project the company would put up on an industrial park owned by PNOC Alternative Fuels Corp. in Bataan.

PNOC Alternative Fuels, according to Almendras, could sign a lease agreement with the Dubai company that would establish a “petroleum facility” in Bataan. PNOC Alternative Fuels, aside from developing alternative types of fuel, is mandated to develop and manage in phases a petrochemical industrial estate, in Limay and Mariveles, Bataan. The company’s estate is approximately 530 hectares in size.

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