VOL. XLIV

No. 23

4-June-2001

SAUDI ARABIA

Petron To Increase Refining Output To 160,000 B/D

The Philippines largest refiner and product supplier, Petron Corporation, plans to increase its refining production from 130,000 b/d to 160,000 b/d within the next two-to-three months, the company announced on 27 May. Petron, owned since 1994 by Aramco Overseas Company (40%), Philippines National Oil Company (40%) and private investors (20%), says it wants to increase the volumes available for exports...