That would be biofuel and not relevant to this thread!
But yes I think export is the only option which is a pity as I believe Nido have pushed hard on Filipino content issues. No Filipino is happy to see their oil dissappearing over the horizon and I don't blame them. However it has become a political football I believe, more fuel to the fires burning around Galoc at the moment. I hear there is a lot of unrest amongst the partners and the DOE over the perforamnce of Galoc.
Never underestimate politics in the Philippines!
Although it is largely logistics there is still a question mark over when Nido will receive some cash from production? Anyone have an opinion on that?
Avi
worth, page-11
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