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The Philippines News

 

Philippines' Duterte Hikes Tariffs on Imported Oil

May 04, 2020

Philippines President Rodrigo Duterte on Monday temporarily increased tariffs on imported crude oil and refined petroleum products to fund measures aimed at mitigating the economic impact of the coronavirus outbreak.In an executive order, Duterte imposed 10% additional duties on imported crude oil and refined petroleum products. Proceeds from higher tariffs would fund measures to address the outbreak…

Chevron Wraps Sale of Malampaya Field Stake

Mar 13, 2020

U.S. oil major Chevron has completed the exit from the Shell-operated Malampaya gas project offshore the Philippines with the sale of its 45% non-operating interest in the field to Udenna Corporation. The sale deal was signed in October 2019…

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Lockdown Measures Tightened at Kazakhstan's Karachaganak Gas Field

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