Wow, things move so damn fast these days. There were news reports yesterday (Tuesday, November 12, 2019) that said that Manny V. Pangilinan’s group was interested in buying Chevron’s 45% stake in the Malampaya Oil and Gas Field.
That article also confirmed that the Philippines’ stake in Malampaya really was only 10%. I was about to post that when this new development came out today that said that Udenna Corp. which is owned by Dennis Uy had just bought all of Chevron’s stake in Malampaya.
This means that the stake of Philippine Companies in Malampaya had risen from only 10% before to 55% now, which is of course a very good thing.
SOURCE: Dennis Uy's Udenna buys Chevron's Malampaya stake
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That article also confirmed that the Philippines’ stake in Malampaya really was only 10%. I was about to post that when this new development came out today that said that Udenna Corp. which is owned by Dennis Uy had just bought all of Chevron’s stake in Malampaya.
This means that the stake of Philippine Companies in Malampaya had risen from only 10% before to 55% now, which is of course a very good thing.
SOURCE: Dennis Uy's Udenna buys Chevron's Malampaya stake
Like my page on Facebook: https://www.facebook.com/philippinedefensebulletin
Follow me on Twitter: https://twitter.com/PhilDefNews
Subscribe to me on Blogger: https://therhk111philippinedefenseupdates.blogspot.com
Visit me on Wordpress: https://rhk111smilitaryandarmspage.wordpress.com
Watch my Youtube Channel: https://www.youtube.com/channel/UCPoTzGfu0iP9VPaQQ9EOjVQ/videos
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