Asia Unhedged | US-based OS Petro looking at US$4 billion investment in Philippines
Photo: OS Petro website
Photo: OS Petro website
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US-based OS Petro looking at US$4 billion investment in Philippines

The projects are among a slate of prospective investments says official

April 6, 2017 1:11 AM (UTC+8)

Philippine Economic Zone Authority Director Charito Plaza told reporters on Wednesday that a US oil and gas firm is eyeing investments in the country worth US$4 billion.

Plaza said the firm is looking at onshore and offshore oil and gas facilities, with representatives expected to visit in July.

The official also cited Middle Eastern oil companies, the US halal food industry, and online money transfer firm PayOdd as being interested in potential investments.

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