Energía

A Dubai-based oil company is in talks to develop a $5bn Energy City project in the Philippines, it has been reported.
According to the Malaya Business Insight, the project will be developed by Kampac International in Southern Luzon.
Charles Ampofo, chairman of Kampac, said in a speech at the 39th Philippine Business Conference that the project which will take five years to complete will include a LNG (liquefied natural gas) plant, and a petrochemical facility.
Upon completion, the project would employ between 8,000 and 10,000, the paper quoted Ampofo as saying.