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- DOF to pursue termination of ‘onerous’ land contract with Chevron
The Department of Finance (DOF) said Wednesday it has recommended to dissolve Batangas Land Co Inc (BLCI) so the government can proceed with terminating the allegedly onerous deal with Chevron Philippines Inc (CPI)
- JV with Chevron dissolved as govt consolidates ownership
By Bernie Cahiles-Magkilat and Chino S Leyco The National Development Co (NDC) has approved the dissolution of its subsidiary Batangas Land Corporation, Inc (BLCI) effectively ending its joint venture (JV) with American oil firm Chevron Philippines, formerly Caltex Philippines, on the 120-hectare Batangas property as the Duterte government
- Batangas Land closure aimed at ending Chevron’s 44-year lease deal
The Finance Department said the decision of National Development Co to close down one of its subsidiaries”•Batangas Land Company Inc ”•was aimed to end a 44-year-old contract that has proven to be onerous and grossly disadvantageous to both the government and Filipino taxpayers
- Chevron Philippines signs new lease deals for BLC-owned terminal sites
chevron philippines, inc (CPI), a downstream oil company and marketer of the Caltex brand of fuels and lubricants, has renewed its lease agreements with Batangas Land Company, Inc (BLC) for four properties that house its terminals
- Batangas Land Company, Inc. - Governance Commission for GOCCs
The Batangas Land Company, Inc (BLCI), a subsidiary of the National Development Company, is a domestic corporation duly organized and existing under the laws of the Philippines since 1971 Its principal purpose is to administer the real properties of Caltex Philippines, Inc (Caltex), now Chevron Philippines, Inc (Chevron)
- May 15, 2023 - Signing of the Memorandum of Understanding between . . .
Department of Trade and Industry (DTI) Secretary Fred Pascual witnesses the signing of the Memorandum of Understanding between Chevron Philippines, Inc and Batangas Land Company, Inc at the Grand Hyatt, Bonifacio Global City
- Chevron and BLC Signs Lease Agreement, Strengthening Energy Security . . .
Chevron Philippines Inc (CPI), marketer of the Caltex brand of fuels and lubricants, signs mutually beneficial lease agreements with Batangas Land Company, Inc (BLC) for the lease of BLC properties in San Pascual, Batangas; Lapu-Lapu, Cebu; San Fernando (Poro), La Union; and Sasa, Davao City
- Chevron renews lease to four key fuel terminals in Philippines
Chevron Philippines Inc (CPI) has renewed its lease agreements with Batangas Land Company Inc (BLCI) for four key fuel terminals in the Philippines Batangas Land Company is a government-owned and controlled corporation in the Philippines involved in strategic infrastructure projects
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