Power

Shell remains committed to PH, opens import facility in Subic

Pilipinas Shell Petroleum Corp. has opened a 54-million liter capacity import terminal in Subic ahead of the expected sharp rebound in fuel consumption.

The facility, which will primarily cater to the needs of the company’s customers in Luzon, will allow Shell to maximize its efficiency, reduce transshipment costs and help jumpstart the economy.

“We share government’s optimism and remain committed as the country’s partner in nation-building by leveraging our global expertise to strengthen our presence in the Philippines and bolstering supply ahead of Asia’s anticipated bounce-back in fuel demand,” said Pilipinas Shell president and CEO Cesar Romero.

Pilipinas Shell’s expanded fuel supply network also underpins the company’s thrust to grow its number of retail stations.

The facility will complement Shell’s two existing import terminals — the 236 million-liter Tabangao and NMIF in Cagayan de Oro which boasts a capacity of 90 million liters in finished petroleum products.

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