Royal Dutch Shell to expand RP operations
Quezon City (9 October) -- Royal Dutch Shell Plc., an oil, gas and petroleum company with worldwide operations, said today it plans to expand its downstream oil refinery business in the Philippines.
Royal Dutch Shell Plc. Executive Director Rob Routs revealed his company’s expansion plans during his meeting with President Gloria Macapagal-Arroyo at Malacanang’s Music Room this afternoon.
Energy Secretary Raphael Lotilla said the discussion between the President and the visiting Royal Dutch official centered on "potential investments in the company’s downstream oil for refinery projects."
Shell Philippines, a subsidiary of the Netherlands-based oil firm, is one of the "Big Three" oil suppliers operating in the country.
Shell Philippines is also undertaking the Malampaya Deep Water Gas to Power Project off Palawan.
The energy project has a broad portfolio of hydrogen, biofuels, wind and solar power interests.
Lotilla said the "favorable investment climate in the country made Shell decide to expand its operations here." (PIA) [top]