Sign up | Log in



Home  >>  Daily News  >>  Philippines News  >>  Energy  >> Chevron Philippines to maximise lease usage
NEWS UPDATES 22 September 2009

Chevron Philippines to maximise lease usage

Related Stories

September 14, 2009
Global lender to extend $20m energy fund to Philippines

September 5, 2009
Philippines’ San Miguel to list energy unit in 2012

August 22, 2009
Philippines’ oil consumption up on lower prices

Followingthe renewal of its lease agreement in Batangas Land Co. Inc. with the National Development Co (NDC), Chevron Philippines Inc are looking at a number of projects to maximise its 25-year lease period in San Pascual, Batangas, Business Mirror reported online.

In an interview, Antonio Nebrida Jr, Chevron corporate communications manager, said the oil company was recently granted another 25-year lease agreement for the use of the 120-hectare property in San Pascual, Batangas for terminal operations.

Nebrida said the renewal of the lease agreement was issued on August 17, but was made retroactive with the deal extension starting from October 1, 2000 up to September 30, 2025.

Nebrida said Chevron is considering either putting up a 300-megawatt (MW) natural gas-fired power plant; expand existing capacity; or develop the area to become a regional hub for crude.

The Chevron executive, however, declined to specify the investment cost requirement, saying that the plan has yet to be finalized. The options, he said, are still being reviewed by Chevron’s regional and domestic offices.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand