INTERNATIONAL POLYMER

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                    [ArticleID] => 227366
                    [Title] => PNOC unit may raise stake in Petrocorp
                    [Summary] => The PNOC-Petrochemical Development Corp.(PPDC) is looking at the possibility of increasing its stake in Petrochemical Corp. of Asia-Pacific (Petrocorp) to 40-45 percent, from 10 percent, in line with the effort to intensify the mid-stream petrochemical industry. 


A reliable source told The STAR that the PPDC is now talking with an American petrochem firm from the "West Coast" to be its strategic partner in reviving the ailing Petrocorp.  


The source, however, said  PPDC would prefer that a new company be formed to absorb the debts of Petrocorp. 


                    [DatePublished] => 2003-11-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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PNOC unit may raise stake in Petrocorp

November 10, 2003 - 12:00am

The PNOC-Petrochemical Development Corp.(PPDC) is looking at the possibility of increasing its stake in Petrochemical Corp. of Asia-Pacific (Petrocorp) to 40-45 percent, from 10 percent, in line with the effort to...

Business