THE Department of Energy (DoE) said that the sale of Chevron Corp.’s 45-percent stake in Malampaya worth $565 million to UC Malampaya LLC is “voidable.”
During a Senate hearing, Energy Assistant Secretary Leonido Pulido 3rd said that the Chevron-Udenna deal sealed on March 11, 2020 could still be voided if it will not be approved by the DoE.
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