Shell’s subsidiary in the Philippines, Pilipinas Shell, has opened a new oil import terminal in Subic in the northwest of the Philippines.
The Subic terminal is Pilipinas Shell’s third import terminal for medium range vessels in the Philippines. While the company has not specified the terminal’s size, it says that it can receive 54 million L of products in one shipment, maximising its efficiency and minimising transshipment costs.
The new terminal will support the Philippine government’s efforts to jumpstart the economy amidst the COVID-19 pandemic, by strengthening its supply chain to the north of the country.
Pilipinas Shell has two other import terminals – its 263 million L Tabangao Terminal in Batangas, which in being converted from a refinery at a cost of PHP 1 billion (€17.4 million), and its 90 million L North Mindanao Import Facility (NMIF) in Cagayan de Oro City in Mindanao. The company says its three terminals form a ‘robust supply triangle’, and that now the Subic facility is operational, it is better placed to respond to disruptions, such as those brought by the typhoon season.
‘We share the 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,’ says Pilipinas Shell president and CEO Cesar Romero, adding: ‘At Shell, we seek to further power progress in the Philippines by fuelling economic growth through an efficient and reliable supply of world-class products.’