^
+ Follow AL-MA Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 216012
                    [Title] => Petron may revive $1.2-B petrocoke project
                    [Summary] => Publicly-listed Petron Corp. is looking at the possibility of reviving its plan to put up a $1.2-billion petrocoke project in Bataan. 


Outgoing Petron president Motassim Al-Ma’ashouq said the move to revisit their business opportunities in the said project is part of the refinery efficiency program that they have implemented in the Bataan Refinery Plant.
[DatePublished] => 2003-08-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 215343 [Title] => Petron reports P1.28-B net income in 1st half [Summary] => Petron Corp., the country’s largest oil refiner, reported yesterday a net income of P1.28 billion for the first half of 2003, slightly higher than the P1.23-billion earnings in the same period last year.

Outgoing Petron president Motassim Al-Ma’ashouq attributed the increase in profits to the 6.8- percent rise in total sales during the period to 25.2 million barrels, from 23.6 million barrels in 2002.
[DatePublished] => 2003-07-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 170710 [Title] => ‘Big 3’ to submit plan for Pandacan oil depot [Summary] => The "Big 3" oil companies are set to submit to the Department of Energy (DOE) and the City of Manila their "single facility concept" for the phasedown of the Pandacan oil depot.
[DatePublished] => 2002-08-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 170148 [Title] => Petron income jumps 84% to P1.24B [Summary] => Petron Corp. reported yesterday that its net income increased 84 percent to P1.24 billion in the first six months of 2002, from P673 million in the same period last year.

In the company’s annual stockholders’ meeting, Petron president Motassim Al-Ma’ashouq said the improvement in the firm’s bottomline could be attributed to the higher gross margins and the implementation of intensified cost management program.
[DatePublished] => 2002-07-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 164223 [Title] => Big 3 may bid for additional sites along expressways [Summary] => The Big Three oil companies are planning to participate in the bidding for the remaining slots allocated by the Philippine National Construction Corp. (PNCC) in the expressways.

Petron Corp. president Motassim Al-Ma’ashouq said they are interested to participate in the bidding to be conducted by PNCC this quarter. "If the opportunity presents itself, yes (we will bid)," Al-Ma’ashouq said.
[DatePublished] => 2002-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 163474 [Title] => Petron reduces refinery output by 30% due to weak demand [Summary] => Publicly-listed Petron Corp. has cut back on its refinery production by 30 percent due to a weak demand in the domestic market.

In an interview during a public forum sponsored by the Philippine Institute of Petroleum Inc. (PIP) on "Turmoil in Middle East-Impact on Oil Supplies and Oil Deregulation – The Asian Experience", Petron president and chief executive officer Motassim Al-Ma’ashouq said that at present, they are running at a rate of 126,000 barrels of oil per day (BOPD) or about 70 percent of its total refining capacity of 180,000 BOPD.
[DatePublished] => 2002-06-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 145258 [Title] => No more price rollbacks this year, say Petron, Shell [Summary] => Major oil players Petron Corp., and Pilipinas Shell Petroleum Corp. ruled out yesterday another price rollback in the remaining days of the year.

"We have seen the benefit of oil deregulation in terms of successive price reductions, which have totaled six so far since September. Market forces have always dictated the price movements and they would continue to do so," Petron president and chief executive officer Motassim A. Al-Ma’ashouq said.
[DatePublished] => 2001-12-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 144728 [Title] => Petron to ink deals with Asian energy companies [Summary] => Publicly-listed Petron Corp. expects to sign term contracts with a number of Asia-based energy firms in the first quarter of 2002, a ranking company official said.

In an interview over the weekend, Petron president and chief executive officer Motassim A. Al-Ma’ ashouq said the signing of such contracts is part of the company’s efforts to diversify its market in the region.

Ma’ashouq said this move is also part of their initiative to enhance their export business to compliment the company’s local operations.
[DatePublished] => 2001-12-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 131848 [Title] => Petron president & CEO Motassim A. Al-Ma’ [Summary] => After Motassim AlMa’ashouq earned his Masters in Economics from the University of London in 1984, he went to work for the corporate planning department of Saudi Arabian Oil Company (Saudi Aramco), specializing in oil market analysis. "It’s actually part of strategic planning, which is about looking at the next five to 10 years and trying to sketch out the environment or elements in the environment that affect the company’s business," Al-Ma’ashouq says. [DatePublished] => 2001-08-29 00:00:00 [ColumnID] => 135119 [Focus] => 0 [AuthorID] => 1435777 [AuthorName] => Kap Maceda Aguila [SectionName] => Lifestyle Business [SectionUrl] => business-life [URL] => ) [9] => Array ( [ArticleID] => 129846 [Title] => Petron bares P837-M capex [Summary] => Industry leader Petron Corp. will spend the bulk of its P837-million capital expenditure program on marketing and supply investments, a company official said.

Petron president and chief executive officer Motassim Al-Ma’ashouq said they would set aside 65 percent or more than P540 million for the establishment and re-imaging of more service stations and installing additional equipment for some industrial accounts.
[DatePublished] => 2001-08-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
AL-MA
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 216012
                    [Title] => Petron may revive $1.2-B petrocoke project
                    [Summary] => Publicly-listed Petron Corp. is looking at the possibility of reviving its plan to put up a $1.2-billion petrocoke project in Bataan. 


Outgoing Petron president Motassim Al-Ma’ashouq said the move to revisit their business opportunities in the said project is part of the refinery efficiency program that they have implemented in the Bataan Refinery Plant.
[DatePublished] => 2003-08-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 215343 [Title] => Petron reports P1.28-B net income in 1st half [Summary] => Petron Corp., the country’s largest oil refiner, reported yesterday a net income of P1.28 billion for the first half of 2003, slightly higher than the P1.23-billion earnings in the same period last year.

Outgoing Petron president Motassim Al-Ma’ashouq attributed the increase in profits to the 6.8- percent rise in total sales during the period to 25.2 million barrels, from 23.6 million barrels in 2002.
[DatePublished] => 2003-07-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 170710 [Title] => ‘Big 3’ to submit plan for Pandacan oil depot [Summary] => The "Big 3" oil companies are set to submit to the Department of Energy (DOE) and the City of Manila their "single facility concept" for the phasedown of the Pandacan oil depot.
[DatePublished] => 2002-08-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 170148 [Title] => Petron income jumps 84% to P1.24B [Summary] => Petron Corp. reported yesterday that its net income increased 84 percent to P1.24 billion in the first six months of 2002, from P673 million in the same period last year.

In the company’s annual stockholders’ meeting, Petron president Motassim Al-Ma’ashouq said the improvement in the firm’s bottomline could be attributed to the higher gross margins and the implementation of intensified cost management program.
[DatePublished] => 2002-07-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 164223 [Title] => Big 3 may bid for additional sites along expressways [Summary] => The Big Three oil companies are planning to participate in the bidding for the remaining slots allocated by the Philippine National Construction Corp. (PNCC) in the expressways.

Petron Corp. president Motassim Al-Ma’ashouq said they are interested to participate in the bidding to be conducted by PNCC this quarter. "If the opportunity presents itself, yes (we will bid)," Al-Ma’ashouq said.
[DatePublished] => 2002-06-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 163474 [Title] => Petron reduces refinery output by 30% due to weak demand [Summary] => Publicly-listed Petron Corp. has cut back on its refinery production by 30 percent due to a weak demand in the domestic market.

In an interview during a public forum sponsored by the Philippine Institute of Petroleum Inc. (PIP) on "Turmoil in Middle East-Impact on Oil Supplies and Oil Deregulation – The Asian Experience", Petron president and chief executive officer Motassim Al-Ma’ashouq said that at present, they are running at a rate of 126,000 barrels of oil per day (BOPD) or about 70 percent of its total refining capacity of 180,000 BOPD.
[DatePublished] => 2002-06-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 145258 [Title] => No more price rollbacks this year, say Petron, Shell [Summary] => Major oil players Petron Corp., and Pilipinas Shell Petroleum Corp. ruled out yesterday another price rollback in the remaining days of the year.

"We have seen the benefit of oil deregulation in terms of successive price reductions, which have totaled six so far since September. Market forces have always dictated the price movements and they would continue to do so," Petron president and chief executive officer Motassim A. Al-Ma’ashouq said.
[DatePublished] => 2001-12-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 144728 [Title] => Petron to ink deals with Asian energy companies [Summary] => Publicly-listed Petron Corp. expects to sign term contracts with a number of Asia-based energy firms in the first quarter of 2002, a ranking company official said.

In an interview over the weekend, Petron president and chief executive officer Motassim A. Al-Ma’ ashouq said the signing of such contracts is part of the company’s efforts to diversify its market in the region.

Ma’ashouq said this move is also part of their initiative to enhance their export business to compliment the company’s local operations.
[DatePublished] => 2001-12-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 131848 [Title] => Petron president & CEO Motassim A. Al-Ma’ [Summary] => After Motassim AlMa’ashouq earned his Masters in Economics from the University of London in 1984, he went to work for the corporate planning department of Saudi Arabian Oil Company (Saudi Aramco), specializing in oil market analysis. "It’s actually part of strategic planning, which is about looking at the next five to 10 years and trying to sketch out the environment or elements in the environment that affect the company’s business," Al-Ma’ashouq says. [DatePublished] => 2001-08-29 00:00:00 [ColumnID] => 135119 [Focus] => 0 [AuthorID] => 1435777 [AuthorName] => Kap Maceda Aguila [SectionName] => Lifestyle Business [SectionUrl] => business-life [URL] => ) [9] => Array ( [ArticleID] => 129846 [Title] => Petron bares P837-M capex [Summary] => Industry leader Petron Corp. will spend the bulk of its P837-million capital expenditure program on marketing and supply investments, a company official said.

Petron president and chief executive officer Motassim Al-Ma’ashouq said they would set aside 65 percent or more than P540 million for the establishment and re-imaging of more service stations and installing additional equipment for some industrial accounts.
[DatePublished] => 2001-08-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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