Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

SAUDI ARABIA

Petron To Upgrade Bataan Refinery

The Philippines largest refiner and product supplier, Petron Corporation, is planning to upgrade the technology at its 180,000 b/d capacity refinery at Bataan and other facilities, according to reports from Manila on 22 June. The purpose is to meet provisions in the countrys clean air law. As part of this process the company has signed a $100mn five-year loan, with funds to be provided by...