+ Follow KHALID AL-FADDAGH Tag
KHALID AL-FADDAGH
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[ArticleID] => 8495
[Title] => Petron clears P2.7B in 1st semester
[Summary] =>
[DatePublished] => 2007-07-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 396127
[Title] => Petron launches new gasoline product
[Summary] =>
Oil industry leader Petron Corp. launched yesterday a new product that would complement the implementation of the Biofuels Act starting May 6.
The new product, called XCS Complete Combustion System, is a breakthrough technology customized exclusively for Philippine driving conditions, company officials said.
[DatePublished] => 2007-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 395856
[Title] => Petron earmarks P5B for capex this year
[Summary] =>
Publicly-listed Petron Corp. is allocating about P5 billion for its capital expenditure this year.
In a disclosure to the Philippine Stock Exchange, Petron said that of the P5-billion capex this year, some P4.4 billion will be used for major capital pro-jects and P583 million for miscellaneous projects.
The major capital projects include the refinery expansion project of the oil firm.
On the back of the success of the mixed xylene pro-ject, the company said it would also expand further into the petrochemical business.
[DatePublished] => 2007-04-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 386693
[Title] => Petron sees profit hitting P5.7B
[Summary] =>
Petron Corp., the country’s largest oil refiner, is projecting its net income to reach P5.7 billion in 2007, a ranking company official said.
The official told The STAR that the projected income, presented during the recent Petron board meeting, would be driven by the oil company’s aggressive expansion program.
According to the official, who requested anonymity, the income assumption is also anchored on the oil firm’s continuing efforts to expand its operations abroad particularly its export business.
[DatePublished] => 2007-02-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 382136
[Title] => Petron payout to Guimaras folk reaches P120 million
[Summary] =>
Petron Corp., the country’s largest oil refiner, has paid out around P120 million in compensation to individuals affected by the Guimaras oil spill, a top company official said.
Petron president Khalid Al-Faddagh said adding the expenses of the clean-up, cash for work program and clearing of debris, the total amount the company has spent would amount to P200 million.
Al-Faddagh, however, said he could not quantify as yet the total budget for the rehabilitation of the Guimaras shore as it is a "long-term" undertaking.
[DatePublished] => 2007-01-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 381779
[Title] => Petron eyes China, Vietnam for exports
[Summary] =>
Petron Corp., the country’s largest oil refiner, will expand its export business to include China and Vietnam in the list of its new markets for its lubricant and fuel additives, a top ranking company official said.
"We’re looking at Vietnam and we’re going to monitor the potential in China and other countries," Petron president Khalid Al-Faddagh said.
He said they will continue to break into other export markets this year as they intend to keep a steady share of exports income in the company’s bottom line.
[DatePublished] => 2007-01-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 350245
[Title] => Petron may borrow another $100M for capex
[Summary] =>
Petron Corp. may borrow another $100 million this year to support its capital expenditure program.
The oil firm will sign today the P5.5-billion ($100-million) five-year fixed Rate Corporate Notes Issuance (FXCN).
Sources said Petron plans to increase the issuance after it got overwhelming response from the financial market.
Petron chairman Nicasio Alcantara confirmed that the board had allowed the company to raise $200 million to partially finance its $300-million petrochemical project.
[DatePublished] => 2006-07-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 349341
[Title] => Petron hikes notes issue to P5.5B on big demand
[Summary] =>
Oil refiner Petron Corp. successfully raised P5.5 billion from the issuance of five-year fixed rate corporate notes, significantly higher than the original plan of P3 billion due to strong investor demand.
In a disclosure to the Philippine Stock Exchange, Petron said it received bids amounting to P11.2 billion, an over subscription of nearly four times.
[DatePublished] => 2006-07-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 340488
[Title] => Petron mulls refinery in Mindanao
[Summary] => Petron Corp. is undertaking a feasibility study on the construction of an oil refinery plant in Mindanao, a top company official said.
Being the largest oil refiner in the Philippines, Petron president Khalid Al-Faddagh said the company was asked by President Arroyo to conduct the study during her recent visit in Saudi Arabia.
"What we were tasked when the President came to visit Saudi Aramco is for us to conduct a feasibility study in building the refinery in Mindanao," Al-Faddagh said.
[DatePublished] => 2006-06-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 339648
[Title] => Petron bares non-toxic diesel engine cleaner
[Summary] => Petron Corp., the country’s largest oil company, launched yesterday the first non-toxic, biodegradable diesel engine cleaning technology in the market as part of its continuing efforts to promote a cleaner environment.
The new technology called "Carbon Flush" is a product of more than three years of continuing intense research and testing by Petron’s highly-qualified technical group.
[DatePublished] => 2006-06-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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