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SAUDI Aramco is selling its 40 percent stake in Petron Corp. for P22.5 billion or P6 per share, it was announced yesterday.
Ashmore, through unit SEA Refinery Holdings, had offered to buy Saudi Aramco’s 3.75 billion shares in Petron, currently held under the name of unit Aramco Overseas Co ...
It will process heavy crude supplied by Saudi Aramco. The companies will hold equal shares of the joint venture that will own and operate the plant, and they plan to offer ...
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