Current News
Current News/Updates
- PH investors see profits turning wastes into fuel
Carbon black has a recovery rate of 12 to 15 per cent. He said he also
learned that 5 percent of waste combustible gas can be used as fuel
for the process, thus minimizing costs. The final product, he said, is
used in China to generate electricity. - P-Noy confirms BOC chief on the way out
MANILA, Philippines - President Aquino confirmed yesterday that Customs Commissioner Angelito Alvarez is on his way out. Aquino said he was not satisfied with Alvarez’s performance but refused to name his replacement until after the successor had made up his mind.
- 10% ethanol blend starts August 6
THE Department of Energy (DOE) said fuel retailers would be required to market a higher ethanol blend in gasoline products starting August 6.
- Energy sector players re-think scenariosStakeholders in the power sector are re-thinking industry scenarios inlight of the changing energy economy.
- DOE calls on developed countries to support local RE R&D
The Department of Energy (DoE) has received and is now evaluating proposals from local and foreign companies interested in putting up liquified natural gas (LNG) infrastructure in the Philippines
- Part of Malampaya gas royalty proposed to finance oil stockpile
As the multi-billion royalty share of the government from the Malampaya gas field development is hot in the eyes of probing policymakers, proposals are being reinforced to earmark a fraction of it for the planned Philippine oil stockpiling facility.
- Oil price dips in New York after bin Laden slain
Oil prices slipped slightly in New York Monday, after briefly surging near $115 a barrel, as investors weighed the impact of the US killing of Al-Qaeda mastermind Osama bin Laden.
New York's benchmark futures contract, West Texas Intermediate for June delivery, closed at $113.52 a barrel, down 41 cents from Friday.
- DOE issues new rules on oil import reporting
The Department of Energy (DOE) has issued new
rules on the reportorial requirements for oil importation to put more
teeth on the compliance of oil players. - Inventory of oil products still healthy, says DOE
The country’s fuel inventory remains healthy, at levels equivalent to an average of 54 days’ worth of consumption, despite the unrest in oil-producing countries in the Middle East and North Africa, according to the Department of Energy.
- Gov’t to offer pipeline deal
THE GOVERNMENT is planning a third-quarter auction for the proposed Batangas to Manila natural gas pipeline (BatMan-1) project, a Cabinet official yesterday said, with the deal likely to be offered under the public-private partnership (PPP) scheme.
- 5-step 'remediation' process will likely extend oil pipeline’s closure to next year
The five-step ‘remediation process’ leading to the environmental clean-up of the oil leak at West Tower condominium and the environs of Bangkal in Makati may stretch the closure of the Batangas-Manila oil pipeline to next year.
- DOE eyes reopening of FPIC pipeline
To hasten the normalization of the fuel supply in Metro Manila, the Department of Energy (DOE) on Monday said it was eyeing the completion within the week of all tests being conducted to ensure the integrity of the oil pipeline owned and operated by the Lopez-owned First Philippine Industrial Corp. (FPIC).
- Corporate whistle-blowers
AN ANONYMOUS tip from a disgruntled employee. That, according to the Bureau of Customs, sparked its investigation into alleged smuggling activities by key executives of Oillink International Corp., a major supplier of oil products to the country’s independent oil players.
In the complaint for tax evasion it filed with the Department of Justice, the BOC accused Oillink of falsifying its records to evade payment of P700 million in duties and taxes for oil importations in
- Air quality in Metro Manila worsening
THE Environmental Management Bureau of the Department of Environment and Natural Resources yesterday said that the quality of air in Metro Manila continues to worsen.
Jun Dy, science research specialist of the EMB Air Division, said the air pollution level in Metro Manila now exceeds the national air quality standard of 90 micrograms per normal cubic meter.
- IPPCA: Bio-Fuels Act not solely meant to boost sugar industry
A group of small players in oil industry stressed on Monday that the Bio-Fuels Act of 2007, which decrees the addition of a percentage of ethanol in local fuel products such as gasoline and diesel, is not solely meant to boost the sugar industry in the Philippines.
- DOE sees need for national oil stockpile
The Department of Energy (DOE) said it sees the need to put up a national oil stockpile as some countries in the region have been discussing the idea of establishing their own oil stockpiling facilities.
But Enegry Secretary Jose Rene Almendras said in the case of the Philippines, there are still several factors to consider before establishing a national oil stockpile.
- “IPPCA SUPPORTS DOE TO REVISIT THE BIOFUELS LAW”
Independent oil players comprising the Independent Philippine Petroleum Companies Association (IPPCA) support the stand of Oil Industry Management Bureau Director Zenaida Monsada urging Congress to revisit the Biofuels Act of 2006.
- "HUNDREDS OF BAGS AND SCHOOL SUPPLIES WERE DONATED TO STUDENTS OF BRGY. LUCANIN"
Some 170 schoolchildren in the province of Bataan were the recent beneficiaries of the “Hatid Eskwela 2010”program of the Unioil Foundation Incorporated (UFI), an annual undertaking designed to help poor parents send their children to school.
- DOJ has junked the motion filed by the BOC vs Oilink
The Department of Justice junked the motion for reconsideration filed by the BOC after state prosecutors cleared officials of Oilink International Corporation and Unioil Petroleum Philippines Incorporated (UPPI) of smuggling petroleum products to the country.
- Oil price freeze to hold throughout state of calamity
President Arroyo's order placing a price ceiling on oil products will last throughout the duration of the state of calamity she had declared in the wake of the recent storms.
- OILINK clarifies that it is not engaged in LPG business
The country's largest independent oil player yesterday took strong exemption to reports published in several dailies that it was among the companies charged by the Department of Energy (DOE) for under-filling liquified petroleum gas (LPG) and other violations of existing trade laws.
- “Independent Oil Players' Group Elect New Set of Officers”
The country's association of independent oil players have elected a new set of officers vowing to further improve the cooperation of member-companies and linkages with other sectors in the petroleum industry.
- Oilink points to Customs rule as cause of losses
THE revenue losses of Oilink International Corp. might continue to swell until its pending administrative case with the Bureau of Customs (BOC) is resolved.
“Our revenue losses have already increased tremendously owing to the administrative case pending with the BOC,” Rodolfo Britanico, Oilink chairman and chief legal counsel, said in a press conference.
The Oilink official said BOC Resolution 1508 has been issued in 2007 which prohibits his company from importing petroleum products.
- DoJ junks smuggling case against Oilink
The Department of Justice (DoJ) has junked the smuggling raps hurled against Oilink International Corporation and its affiliate, Unioil Petroleum Philippines Inc., for lack of probable cause.
The cases were filed by the Bureau of Customs, indicting the officers and directors of the two firms for violation of Section 3601 and 3602 in relation to Section 2530 and Section 3604 of the Tariff and Customs Code of the Philippines.
- Oilink seeks dismissal of BOC charges
Oilink International Corp., one of the country’s biggest oil importers, has called on the Bureau of Customs (BOC) to junk the administrative charges it filed against the oil firm after its smuggling cases were dismissed by the DOJ.
- two more smuggling cases were dismissed
Two more oil smuggling cases against officials of Oilink International Corporation were junked by the Department of Justice for insufficiency of evidence and lack of merit.
- DOJ JUNKS SMUGGLING CASE VS OILINK
THE Department of Justice (DOJ) on Thursday junked the smuggling charges filed by the Bureau of Customs (BOC) against officials of Unioil Petroleum Philippines Inc. (UPPI) and Oilink International Corp., citing lack of probable cause.
- DOJ HAS JUNKED THE SMUGGLING CASE AGAINST OILINK
Citing lack of probable cause, the Department of Justice (DOJ) has junked the smuggling charges filed by the Bureau of Customs (BOC) against officials of independent oil player Unioil Petroleum Philippines Incorporated (UPPI) and Oilink International Corporation (OIC)
- Oilink will set up LPG storage facility
Oilink International Corporation is eyeing to set up additional storage facility to handle the firm’s liquefied petroleum gas (LPG) supply in its terminal in Bataan this year.
- Simply an administrative fine for violation of a Customs Administrative order
Oilink International Corporation, as per the “Status of Alerted/Apprehended Petroleum Products” submitted by the Bureau of Customs, is being investigated by the Committee on Energy to Conduct an Inquiry, in aid of Legislation, into the Reported Smuggling of Refined Petroleum Products with the end view of recommending Necessary Remedial Legislation.
- Oilink will question the recent Resolution of the Department of Justice
Oilink International Corporation will question the recent Resolution of the Department of Justice when the DOJ ordered the filing of charges for violation of the Tariff and Customs Code of the Philippines (TCCP) and falsification of public and commercial documents against several officers of Oilink as well as several Bureau of Customs officials and members of shipping and brokerage firms.
Oilink is confident that the recent ruling is erroneous considering that PASG has really no authority to file a case for violation of the TCCP without the approval and concurrence of the Commissioner of Customs. Besides, even if EO 624 authorized PASG to file a case, said EO 624 cannot prevail over Section 2401 of the TCCP.
- Oilink hosts plant tour, maintains difference from Unioil
MARIVELES,
- Oilink welcomes audit by BIR but points to link between PASG, COA chiefs
THE chief legal counsel of Oilink International Corp. on Monday belied the claims of the Presidential Anti-Smuggling Group (PASG) that it has P2.7 billion in unpaid tax obligations and said they would welcome an audit of their firm by the Bureau of Internal Revenue and the Commission on Audit as requested by PASG head Antonio Villar Jr.
- OILINK HAS NO TAX LIABILITIES
A top official of Oilink International Corporation belied the claims of the Presidential Anti-Smuggling Group that it has unpaid tax obligations to the Government. Oilink Legal Counsel, Raymond Zorrilla said in a statement, “Oilink has no tax obligations to the Government allegedly emanating from smuggling or illegal activities. Records at the Bureau of Customs will prove this fact.” How can we owe the government when in 2007 alone Oilink has paid 1.7 billion in taxes? Zorrilla questioned.
- PASG RAID ILLEGAL
When the Presidential Anti-Smuggling Group (PASG) on 13 October 2008 raided the Terminal of Oilink in Mariveles, Bataan, PASG did not have any search warrant or mission order. Led by PASG USEC Antonio Villar and suspended District Collector Edward Baltazar, the PASG said that the “raid was conducted to prevent illegal withdrawal of petroleum products because these did not pass through the District Collector of Limay.”
- PASG PERSONNEL HITS CIVILIAN
At around 11am today, several armed and unidentified persons forced their way and destroyed the gates of the Oilink Terminal in Lucanin, Mariveles, Bataan. These persons, wearing Presidential Anti-Smuggling Group (PASG) vests climbed the locked gates and thereafter disarmed the security guards of the Terminal and even confiscated the communications equipment of the employees.
- From Runways To Expressways Oilink Asphalt Paving All The Way
Through the efforts of our clients, Oilink has supplied quality asphalt for the construction of major transportation improvements. Oilink has supplied for the runway of Iloilo Airport through Taisei and provided the asphalt for Kajima Corporation that did 31kms of the SCTEX in Pampanga.