Petron eyes other Asian refiners

Posted at May 16 2012 10:07 AM | Updated as of May 16 2012 06:07 PM

Petron Corp. is eyeing other Asian refiners. Petron chairman Ramon Ang says they're open to more acquisitions in the region, but declined to specify their target. Petron just bought Esso Malaysia this year.

Ang also denied Petron will give fuel discounts to Philippine Airlines, since both companies are now part of the San Miguel group. But Ang promises he can make PAL profitable again. ANC Headstart, May 16, 2012

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