Philippines decontrol woes

Last week, the Philippines Congress was struggling to pass a new oil industry decontrol law to replace the one the Supreme Court struck last year. The court ruled Nov. 5 that the statute passed last February was unconstitutional because it favored the existing refiners-Petron Corp., Pilipinas Shell Petroleum Corp., and Caltex (Philippines) Inc. (OGJ, Nov. 17, 1997, p. 44).

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