VOL. XLV
No 50
16-December-2002
UAE
ENOC Buys 20% Stake In Petronas Energy Philippines
Emirates National Oil Company (ENOC), the holding company owned by the government of Dubai, announced on 2 December that it had signed an agreement to buy a 20% stake in Petronas Energy Philippines valued at $3.5mn. The current owners are Petronas Energy (60%) and private investors in the Philippines (40%). Petronas Energy Philippines distributes LPG in the southern Philippines. In a separate development, ENOC...
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