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Reuters MANILA Philippines 6/16/2008
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Energy Secretary, Angelo Reyes, speaks during a launch of Petron ethanol fuel blend in Manila June 16, 2008. The Philippines on Monday rebuffed an offer to sell its 40 percent stake in local oil refiner Petron Corp. to investment fund Ashmore group for around $550 million, saying it wanted a higher price. REUTERS/John Javellana (PHILIPPINES)
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