Shell shuts down refining to convert into world-class import terminal

Published August 13, 2020, 8:00 AM by Myrna M. Velasco As a tough yet strategic choice to sustain its downstream oil market operations and to withstand the disruptive impact of the coronavirus pandemic, Pilipinas Shell Petroleum Corporation has decided this week to permanently shut down its refining operations in the country — that’s after 58 long years of business presence. 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.