PILIPINAS Shell Petroleum Corp. is targeting to put up between 40 and 60 new service stations each year until 2025, its top official said last week. READ:
PILIPINAS Shell Petroleum Corp. is targeting to put up between 40 and 60 new service stations each year until 2025, its top official said last week.
“We have committed to having five import-range terminals, we broke ground for the fourth one last year and we are looking forward to announce the fifth one. We will announce it in 2023,” she said. She said the full effect of Russia’s war on Ukraine on the Philippines’ oil prices remains to be seen but described the ongoing conflict as a big disruptor, causing volatility.
“You have seen that we also entered the renewable space. We signed joint ventures last year on solar, so we continue to progress,” she said. Aside from renewables, Ms. Osial said that the Shell group, through Shell Energy Philippines Inc., remains interested in the country’s liquefied natural gas industry.
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