Kampac Oil Middle East of Dubai, a division of Kampac International Plc., is investing $5 billion to transform a 200-hectare property in Sual, Pangasinan into an “energy city,†a source said over the weekend.
The port complex is expected to be operational by early 2016, as soon as construction is completed by December 2015.
Kampac Oil plans to distribute and sell oil in the Asean region, with the Philippines as the distribution hub in Asia.
http://manilastandardtoday.com/2014/09/28/kampac-investing-5b-in-pangasinan/