+ Follow PETROCHEMICAL DEVELOPMENT CORP Tag
PETROCHEMICAL DEVELOPMENT CORP
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 1973
[Title] => Pressure mounts to end whale slaughter at international meeting
[Summary] =>
[DatePublished] => 2007-05-24 15:24:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 385125
[Title] => PNOC unit seeks P1.25-B budget for jatropha refinery, other projects
[Summary] =>
PNOC-Alternative Fuels Corp. needs a P1.25-billion budget this year to support its capital expenditure program and operating expenses, official documents showed.
Specifically, PNOC-AFC is proposing a budget of P845 million for its capex while P411.36 million is intended for its operating expenses.
Bulk of the capex spending at P680 million will be invested in the construction of a jatropha refinery while big chunk of operating expenses, on the other hand, would be used for purchased services and utilities.
[DatePublished] => 2007-02-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 383525
[Title] => PNOC unit to start construction of new biodiesel plants in Bataan
[Summary] =>
PNOC-Alternative Fuels Corp. is ready to start building new biodiesel plants in its 530-hectare industrial park in Bataan, a top company official said.
PNOC-AFC president Peter Abaya said the Office of Government Corporate Counsel (OGCC) has approved the entry of investors engaged in alternative fuels in its industrial park.
He said the OGCC has construed the construction of refineries of alternative fuels as a petrochemical-related activity.
[DatePublished] => 2007-02-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 382975
[Title] => PNOC-Alternative Fuels eyes IPO
[Summary] =>
JAKARTA, Indonesia – PNOC-Alternative Fuels Corp., a subsidiary of the state-owned Philippine National Oil Co. (PNOC), is planning to undertake an initial public offering (IPO) in the near term, a top company official said.
PNOC-AFC chairman Renato Velasco told reporters attending a biofuels and feedstock conference here that the IPO plan is part of the firm’s medium-term goals.
"We see it (IPO) happening in three years time. Our company is relatively new and we need to establish a track record first," he said.
[DatePublished] => 2007-02-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 326125
[Title] => PNOC operating profit jumps 34% to P12.28B in 2005
[Summary] => State-run Philippine National Oil Co. (PNOC) reported yesterday that it registered a 34-percent increase in operating income last year to P12.28 billion, from P9.2 billion in 2004.
Based on the company’s preliminary figures, the improvement in net operating income of PNOC and its subsidiaries could be attributed to higher oil, natural gas and coal prices as well as higher sales volume in 2005.
PNOC said these factors, among others, had a significant impact on its earnings.
[DatePublished] => 2006-03-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 286466
[Title] => PNOC remits P613M to NG
[Summary] => The state-run Philippine National Oil Co. (PNOC) has remitted to the National Government a cash dividend of P613 million out of its net income for 2004.
"We have remitted to the Bureau of Treasury on April 28 the amount of P306,354,118 representing half of the dividend declared, and we have remitted the balance of P306,645,931 yesterday," said PNOC president Eduardo V. Mañalac.
As a government corporation, PNOC is mandated to declare 50 percent of its income as cash dividend to the National Government.
[DatePublished] => 2005-07-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 277925
[Title] => PNOC income up 9% to P613M in 2004
[Summary] => State-owned Philippine National Oil Co. (PNOC) posted a net income of P612.7 million in 2004, up nine percent from P560.5 million in 2003, the country’s top energy official said.
Energy Secretary and PNOC chairman Raphael P. M. Lotilla said he expects PNOC to remit higher cash dividend to the National Government.
Under Republic Act 7656 or the Cash Dividends Law, PNOC is mandated to remit at least 50 percent of its annual net earnings to the National Government.
[DatePublished] => 2005-05-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 263157
[Title] => JG Summit revives plan to build naphtha cracker plant
[Summary] => JG Summit Petrochemical Corp. (JGSPC) has decided to revive its plan to build a naphtha cracker plant with a 350,000 metric tons per year at its petrochemical site in Batangas City.
Wilfredo A. Paras, executive vice president and chief operating officer of JGSPC, said the naphtha cracker project is expected to come onstream in the first half of 2008.
The project, Paras said, would ensure a reliable and competitive source of feedstock for JGSPC’s polyethylene and polypropylene plants which have been operating since 1998.
[DatePublished] => 2004-08-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 262187
[Title] => Cunanan’s SSS appointment a loss to energy sector — Perez
[Summary] => The recent appointment of Ambassador Thelmo Y. Cunanan to the Social Security System (SSS) is "a great loss to the energy sector," Energy Secretary Vincent Perez Jr. said Friday.
Cunanan has been president of the Philippine National Oil Co. (PNOC) since 2001 until his appointment as SSS chairman early this week.
Perez noted that under Cunanan’s leadership, he steered PNOC towards the promotion of the use of coco-diesel and compressed natural gas (CNG) for transportation.
[DatePublished] => 2004-08-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 254608
[Title] => Taiwanese firm to make study of RP oil, gas reserves
[Summary] => Taiwan’s Chinese Petroleum Corp. (CPC) will conduct a detailed study of the Philippines’ oil and gas reserves for a possible technical aid package, Energy Secretary Vincent S. Perez said.
Perez said CPC, which has expressed interest in exploring mineral resources in the Philippines, will coordinate with the Department of Energy (DOE) for the possible granting of a technical assistance package that will help improve the country’s information/data gathering method, particularly in the area of oil and gas development.
[DatePublished] => 2004-06-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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