Shell To Roll Out ₱20-billion Expansion In PH In 5 Years
Manila Bulletin|April 8, 2021
With prospects of economic rebound in the immediate term that will then shore up demand for fuel commodities in the domestic market, listed firm Pilipinas Shell Petroleum Corporation (PSPC) will be rolling out investments of ₱15 billion to ₱20 billion to underpin its growth strategy in the next five years.
Myrna M. Velasco
Shell To Roll Out ₱20-billion Expansion In PH In 5 Years

Pilipinas Shell President and CEO Cesar G. Romero told reporters in a briefing that the yearly capital outlay will be ₱3 billion to ₱4.0 billion, which has always been congruous to the investment growth trajectory set out by the company even prior to the pummeling of the COVID-19 pandemic.

Top in the oil company’s investment lineup will be 60 to 80 mobility stations annually to beef up its retail network growth (a combination of new builds and enhancements); and two more medium-range (MR) import terminals which will be prospectively sited in Visayas and Mindanao; or even in the North (Luzon) area, depending on how fuel demand growth will shape up in the immediate term.

“In terms of investment, we are hoping that we will be able to continue with our investment profile of anywhere between ₱3.0 billion to ₱4 billion per year, so it’s just consistent,” Romero qualified.

Esta historia es de la edición April 8, 2021 de Manila Bulletin.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición April 8, 2021 de Manila Bulletin.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MANILA BULLETINVer todo
Taking care of older persons is the collective concern of the citizenry
Manila Bulletin

Taking care of older persons is the collective concern of the citizenry

The International Day of Older Persons is observed on Oct. 1 each year.

time-read
2 minutos  |
October 1, 2021
Promoting safe driving in the new normal
Manila Bulletin

Promoting safe driving in the new normal

Ford Driving Skills for Life

time-read
2 minutos  |
October 1, 2021
ON MANNY PACQUIAO - You're the greatest – Roach
Manila Bulletin

ON MANNY PACQUIAO - You're the greatest – Roach

From one legend to another.

time-read
2 minutos  |
October 1, 2021
NAT'L BASKETBALL ASSOCIATION - PAY CUTS FOR NO VAX PLAYERS
Manila Bulletin

NAT'L BASKETBALL ASSOCIATION - PAY CUTS FOR NO VAX PLAYERS

NBA poises crackdown on those who refuse to get vaccinated

time-read
1 min  |
October 1, 2021
Duterte renews commitment to infra dev't
Manila Bulletin

Duterte renews commitment to infra dev't

With only months left in his term, President Duterte reassured the public that his administration remains committed to its promise of infrastructure development aimed at making the Philippines a progressive nation.

time-read
2 minutos  |
October 1, 2021
Sustain Our Teachers' Enthusiasm; Enable Young Learners To Hurdle The Learning Crisis
Manila Bulletin

Sustain Our Teachers' Enthusiasm; Enable Young Learners To Hurdle The Learning Crisis

For 10 years now, the period from Sept. 5 to Oct. 5 of every year has been observed as National Teachers Month (NTM), by virtue of President Benigno S. Aquino III’s Proclamation No. 242. The observance culminates on Oct. 5 that, by virtue of Republic Act 10743, is observed as World Teachers Day (WTD) and National Teachers Day (NTD) pursuant to a UNESCO mandate.

time-read
2 minutos  |
September 30, 2021
Love knows no borders
Manila Bulletin

Love knows no borders

Pangasinense couple weds at checkpoint

time-read
3 minutos  |
September 30, 2021
The Next Election Is No Waste Of Time
Manila Bulletin

The Next Election Is No Waste Of Time

An appeal to the young who can influence the outcome of the upcoming elections

time-read
4 minutos  |
September 29, 2021
US Olympian Biles Says She Should've Quit Earlier
Manila Bulletin

US Olympian Biles Says She Should've Quit Earlier

Gymnastics

time-read
1 min  |
September 29, 2021
Drones And Jets: China Shows Off New Air Power
Manila Bulletin

Drones And Jets: China Shows Off New Air Power

ZHUHAI, China (AFP) — China on Tuesday showed off its increasingly sophisticated airpower including surveillance drones and jets able to jam hostile electronic equipment, with an eye on disputed territories from Taiwan to the South China Sea and rivalry with the United States.

time-read
1 min  |
September 29, 2021