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PILIPINAS Shell Petroleum Corp. (Pilipinas Shell) has opened its new import facility in Subic that can boost the country’s fuel supply in support of the government’s efforts to revive the economy amid the 2019 coronavirus disease pandemic. .
“We share the government’s optimism and remain committed as the country’s partners in nation-building by leveraging our global experience to strengthen our presence in the Philippines and bolster supply ahead of the anticipated recovery in fuel demand in Asia,” said the President and CEO of Pilipinas Shell. Cesar Romero said in a statement Friday.
Romero said Pilipinas Shell’s expanded fuel supply network also underpins the company’s drive to increase its number of retail stations and remains engaged in the Philippines as a nation-building partner.
The Subic facility is Pilipinas Shell’s third medium-range vessel capacity import terminal and can receive 54 million liters of finished products in a single shipment. Through installation the company will be able to maximize its efficiency and minimize its transshipment costs.
It completes a robust supply triangle that Shell has created across the country with its Tabangao refinery converted to an import terminal in Batangas and its North Mindanao Import Facility (NMIF) in the city of Cagayan de Oro in Mindanao.
Strategically located to improve access to Regions 1, 2, 3 and the Cordillera Administrative Region, the facility is an addition to the Pilipinas Shell terminal network and complements the two existing import terminals: Tabangao and NMIF.
With the Subic facility operational, Pilipinas Shell has strengthened the resilience of its supply chain as the company is better positioned to respond to the disruptions caused by the typhoon season.
“At Shell, we seek to drive progress in the Philippines by driving economic growth through an efficient and reliable supply of world-class products,” said Romero.
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