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Saudis to sell 40% stake in refinery: Philippine gov't
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China Post
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May 13, 2008
MANILA -- London-listed Ashmore Group has been cleared to buy Saudi Aramco's 40 percent stake in Petron Corp for US$550 million, the Philippine government said Monday. The Philippine government, through Philippine National Oil Co (PNOC), will keep its holdings in Manila-listed Petron at 40 percent a...
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