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Philippines says Shell refinery shutdown will not impact local oil supply

Published 08/13/2020, 11:08 AM
Updated 08/13/2020, 11:10 AM
© Reuters.
SHLPH
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MANILA, Aug 13 (Reuters) - The Philippine government on
Thursday sought to allay concern over domestic fuel supply after
Pilipinas Shell Petroleum Corp SHLPH.PS announced it planned
to permanently shut down operations at its
110,000-barrel-per-day Tabangao refinery.
"I respect the decision of Shell changing their oil
downstream business model to adapt to the existing
market/economic situation," Energy Secretary Alfonso Cusi said
in a text message.
"This, however, will not affect the oil supply in the
country as they will continue to fill in their market share"
through imports of refined products, he said, adding that he was
concerned about possible job losses.


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