January 14, 2021 | 12:03 am Font Size
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PETRON Corp.âs additional investment of P3-billion in its Bataan refinery and its registration as an enterprise in the provinceâs freeport area are a big boost to the oil companyâs operations while easing its tax concerns, analysts said.
âPetronâs infusion of a considerable amount of money to improve its refinery operations after it secured approval from the freeport authority of Bataan signals its interest in revitalizing its operations and pursuing future economic gains,â said Cid L. Terosa, senior economist at the University of Asia and the Pacific (UA&P) School of Economics.