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SHELL SHUTS DOWN REFINING TO CONVERT INTO WORLD-CLASS IMPORT TERMINAL

7 months ago | Local Business News | 0 comments

By Xai Reyes

After 58 years, Pilipinas Shell Petroleum Corporation decided to shut down its refining operations in the country permanently.

The subsequent business transformation it is undertaking is converting its Tabangao refinery “into a world-class, full import terminal to optimize its asset portfolio and enhance its cost and supply chain competitiveness.”

The Tabangao oil refinery was constructed in 1960 and had been a critical component of Shell’s more than 100 years of operations in the Philippines.

The company has yet to reveal the handling capacity of its reconfigured import terminal. Still, it is seen to be comparable with its North Mindanao Import Facility (NMIF) in Misamis Oriental. This facility has been catering mainly to the fuel needs of Visayas and Mindanao.

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