Bill Type
Congress Name
Long Title
AN ACT RESTRUCTURING THE OIL INDUSTRY BY ESTABLISHING A NATIONAL OIL EXCHANGE, AND FOR OTHER PURPOSES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 300, 12th Congress of the Republic | |
| FULL TITLE : AN ACT RESTRUCTURING THE OIL INDUSTRY BY ESTABLISHING A NATIONAL OIL EXCHANGE, AND FOR OTHER PURPOSES | |
| ABSTRACT : This bill seeks to establish a national oil exchange (hereinafter referred to as "OilEx") that will bid (spot market) and/or negotiate (term contracts) our country's total requirement of refined petroleum products (RPPs) such as gasoline, diesel, kerosene, LPG, etc. Said bidding and/or negotiation shall be open to all the oil refineries and traders in the world. | |
| PRINCIPAL AUTHOR/S : GARCIA, ENRIQUE JR. T. | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Yapha | 2. Dimaporo |
| CO-AUTHORS (Journal Entries) : | |
| 1. Ramirez-sato (004 ) | 2. Cagas (004 ) |
| 3. Dumarpa (005 ) | 4. Zamora (005 ) |
| 5. Dangwa (005 ) | 6. Del Mar (005 ) |
| 7. Vicencio (005 ) | 8. Nieva (005 ) |
| 9. Torres (005 ) | 10. Baterina (005 ) |
| 11. Lacson (005 ) | 12. Wacnang (005 ) |
| 13. Abaya (005 ) | 14. Ablan (005 ) |
| 15. San Juan (005 ) | 16. Bacani (005 ) |
| 17. Macias (005 ) | 18. Gonzales (005 ) |
| 19. Sumulong (005 ) | 20. Calizo (006 ) |
| 21. Amin (006 ) | 22. Biazon (006 ) |
| 23. Chungalao (006 ) | 24. Cuenco (006 ) |
| 25. Ecleo (006 ) | 26. Espino (006 ) |
| 27. Joson (006 ) | 28. Lozada (006 ) |
| 29. Real (006 ) | 30. Syjuco (006 ) |
| 31. Uy (006 ) | 32. Seachon (007 ) |
| 33. Libanan (007 ) | 34. Yumul-hermida (007 ) |
| 35. Bueser (007 ) | 36. Domogan (007 ) |
| 37. Espinosa (007 ) | 38. Bulut (008 ) |
| 39. Echiverri (009 ) | 40. Aquino (009 ) |
| 41. Soon-ruiz (009 ) | 42. Dumpit (009 ) |
| 43. Sy-alvarado (009 ) | 44. Villar (009 ) |
| 45. Tulagan (010 ) | 46. Defensor (011 ) |
| 47. Dy (013 ) | 48. Jala (013 ) |
| 49. Umali (013 ) | 50. Martinez (013 ) |
| 51. Jaraula (013 ) | 52. Rodriguez (014 ) |
| 53. Dadivas (014 ) | 54. Ancheta (015 ) |
| 55. Kintanar (015 ) | 56. Defensor (016 ) |
| 57. San Luis (016 ) | 58. Ylagan (016 ) |
| 59. Espina (019 ) | 60. Banaag (022 ) |
| 61. Celeste (022 ) | 62. Abaya (031 ) |
| 63. Estrella (031 ) | 64. Suplico (002 ) |
| AUTHORSHIP WITHDRAWALS: | |
| Syjuco(2002-03-07) | |
| () | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ENERGY ON 2001-07-24 |
Abstract
This bill seeks to establish a national oil exchange (hereinafter referred to as "OilEx") that will bid (spot market) and/or negotiate (term contracts) our country's total requirement of refined petroleum products (RPPs) such as gasoline, diesel, kerosene, LPG, etc. Said bidding and/or negotiation shall be open to all the oil refineries and traders in the world.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.