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The Department of Energy (DOE) has tapped technical and financial advisers that will clear the way for the sale of the operating stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya asset to Prime Exploration Pte. Ltd., which is owned by billionaire Enrique Razon. Tapped as Chai
Energy Secretary Raphael Lotilla on Wednesday said the Philippine National Oil Company Exploration Corp.’s (PNOC-EC) review of Razon-led Prime Infrastructure’s planned purchase of an operating stake in the Malampaya natural gas-to-power project is on track.
The Department of Energy has given its assurance that a decision on the Malampaya stake sale will be made within the year.
The Department of Energy (DOE) said Thursday the review of the Malampaya deals will be finished and resolved within the year, with the Philippine National Oil Co.-Exploration Corp. (PNOC-EC) likely to approve the investment deal of Prime Infrastructure Capital Inc. (Prime Infra). “The schedules are quite tight. Even if we…
Malampaya Energy XP Holdings (MEXP), a subsidiary company of Udenna Corporation of businessman Dennis Uy, does not hold any firm interest yet on the 45-percent operating stake in the country’s commercial gas field because its acquisition deal with Shell Philippines Exploration B.V. (SPEX) had not be