Philippines Is Getting Ready To Drill For Oil And Gas

At a time when the second wave of coronavirus is decimating the world economy, when the Caucasus is smouldering from the consequences of the Karabakh issue and all the protracted Middle Eastern conflicts are continuing to drag the region into political obsolescence, the last thing we needed was a flareup with regard to the South […]

DOF bucks amendments to oil tax laws

Amid the tax predicaments raised by Petron on its refining business, the Department of Finance (DOF) indicated that it is not amenable to proposed tweaks in the country’s tax laws as applied to the supply chain of the downstream oil sector.

‘Closure of Petron refinery possible’

MANILA, Philippines — The country’s last remaining oil refinery is also in danger of closing down, burdened by the heavy cost of operations due to what it describes as the uneven playing field between importers and refiners.