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THE Department of Energy (DoE) sees no problem in making Petron Corp.’s refinery in Limay, Bataan part of the Freeport Area of Bataan, the DoE chief said on Tuesday.
Energy Secretary Alfonso Cusi said Petron should send a letter to his office signifying its intention to make its refinery an economic zone.
“Well, sa atin naman (on our part), we want PEZA (Philippine Economic Zone Authority) zone to flourish in the country…It’s really a positive impact…we want to promote that,” said Cusi.
Earlier, Petron said in a disclosure it would suspend operations at the country’s sole oil refinery in the second half of January next year “to minimize losses in view of weak refining margins.”