Shell seeks clarification on moves to cut incentives.

(From BusinessWorld (Philippines))

Byline: Iris Cecilia C. Gonzales

Pilipinas Shell Petroleum Corp. is looking at the incentives environment in the Philippines as a key consideration to proceed with its plans to expand its refinery in the country.

Energy Secretary Raphael P.M. Lotilla told reporters, in a briefing yesterday after arriving from a nine-day five-nation investment trip to Europe with President Gloria Macapagal-Arroyo, that the United Kingdom- based Royal Dutch Shell Group is concerned about current national debates over moves in Congress - particularly in the Senate - to rationalize these tax perks. Leading the list of proposed changes …