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                    [Title] => OilEx worries Total  more than peso fall
                    [Summary] => French firm Total Petroleum Philippines Corp. (TPPC) is more concerned with legislations that will affect the oil industry than the unstable political climate resulting in the deterioration of the peso.


"We are in constant discussion with our principals (in Paris) regarding the socio-political climate but we are more concerned with the legal framework than the foreign exchange situation," outgoing TPPC president Jean Jacques Jung said yesterday.


Jung was referring to the national oil exchange bill (OilEx) and the proposed 20 percent tariff on imported baseoil.

                    [DatePublished] => 2000-10-28 00:00:00
                    [ColumnID] => 133272
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JEFFREY NEIL ATTWOOD

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                    [Title] => OilEx worries Total  more than peso fall
                    [Summary] => French firm Total Petroleum Philippines Corp. (TPPC) is more concerned with legislations that will affect the oil industry than the unstable political climate resulting in the deterioration of the peso.


"We are in constant discussion with our principals (in Paris) regarding the socio-political climate but we are more concerned with the legal framework than the foreign exchange situation," outgoing TPPC president Jean Jacques Jung said yesterday.


Jung was referring to the national oil exchange bill (OilEx) and the proposed 20 percent tariff on imported baseoil.

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abtest

OilEx worries Total more than peso fall

October 28, 2000 - 12:00am

French firm Total Petroleum Philippines Corp. (TPPC) is more concerned with legislations that will affect the oil industry than the unstable political climate resulting in the deterioration of the peso. "We...

Business