MANILA, Philippines-The Energy Department is thinking of buying another 40 percent in Petron Corp., the country's largest oil refiner, using royalties from the operation of its natural gas plant in ...

MANILA, Philippines - Militant think tank IBON Foundation on Monday urged the government to buy the 40 percent stake of Petron that Saudi Aramco is offering if it is serious in controlling fuel price ...

The National Government has no plans of selling its remaining 40-percent stake in leading oil refiner Petron Corp., a top energy official said. "The sale of Petron shares of the government has ...

The government privatized Petron in 1994 with PNOC selling a 40% stake to Aramco Overseas for $535 million. PNOC held the other 40%, while the remaining 20% was sold to the public. At the current ...