PILIPINAS SHELL Petroleum Corp. is extending the scheduled maintenance shutdown of its oil refinery in Tabangao, Batangas City that serves as the main terminal supporting Metro Manila’s fuel demand.
The company told the stock exchange of the extension beyond July 2 on Monday. It did not disclose when it expects the shutdown to end.
“Following the inspection and subsequent technical assessment by our highly trained refinery personnel, it was determined that certain equipment required more rigorous repair methods, and therefore more time, to ensure the continuing safety and reliability of the plant,” the company said.
The Tabangao oil refinery, which is around 121 kilometers south of Manila, can process and refine an average of 110,000 barrels a day.
On Monday, shares in Pilipinas Shell were unchanged at P67.60 each. — VVS
Pilipinas Shell Petroleum Corp.’s Tabangao refinery — PILIPINAS.SHELL.COM.PH
