Plunging fuel prices and depressed demand for oil products pushed Pilipinas Shell Petroleum Corp. to shut down its refinery in Batangas for good.
Lockdowns to contain COVID-19 infections in the past few months kept oil consumption lower than usual as people work and study from home. Public transportation has also been limited and are off the streets again in Metro Manila and nearby provinces, which returned to strict stay-at-home rules for two weeks this August.
Pilipinas Shell said the facility will then be transformed into a"world-class full import terminal," which would process and store processed fuel products which are ready to be distributed to retail stations.
Did they lay off engineering employees? They don’t need lots of people to run terminal storage. Anybody to answer?
Oh my...
CharlesMonds omg
Long term vision. This is protracted.
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