Napocor awards fuel contracts

State-run National Power Corp. (Napocor) has awarded Php1.27 billion (US$26.27 million) worth of contracts to Philippine oil companies for the supply and delivery of fuel for its thermal power plants. Napocor awarded the fuel contracts to Petron Corp. worth Php175.6 million (US$3.63 million); Pilipinas Shell Petroleum Corp., worth Php492.9 million (US$10.2 million); Chevron Philippines Inc., worth Php270 million (US$5.58 million); Filoil Gas Co. Inc., worth Php195.6 million (US$4.05 million); Filpride Resources Inc., worth Php29.3 million (US$606,123.29); and, Phoenix Petroleum Phils., worth Php102.5 million (US$2.12 million). (March 8, 2009)