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Pilipinas Shell has opened another import plant in DOWNLOAD SLOTXO Subic to strengthen its supply chain to the northern regions of the country and to support government efforts to jump-start the economy amid the COVID-19 outbreak.The Philippine economy fell 16.9 percent of gross domestic product (GDP) in the second quarter of this year, but economists are optimistic that the economy is recovering after a slowdown to 11.5 percent in the third quarter. Quarter by quarter, the economy grew 8 percent.We share the optimism of our government and remain committed as a national partner in building the country by leveraging our global expertise to strengthen our position in the Philippines and to strengthen our position in the Philippines. Bolster supply ahead of expected return of fuel demand for Asia Romero.
Pilipinas Shell's expanding fuel supply network has also helped to bolster the company's drive to grow its retail terminal and remain committed to the Philippines as a nation-building partner.The Subic facility is the Pilipinas Shell's third medium-range (MR) imported port and can accept 54 million liters of finished product in one shipment. This allows the company to maximize efficiency and reduce handling costs.The Subic plant created a robust supply triangle that Shell has built nationwide, with the Tabangao refinery import terminal in Batangas and the North Mindanao Import Facility (NMIF. ) In Cagayan de Oro City in Mindanao.
The facility is strategically located to optimize access to Area I, II, III and Cordillera Territory, it is an addition to the Pilipinas Shell terminal network and complements the existing two import terminals. Is Tabangao and NMIF.In May, Pilipinas Shell kicked off the transformation of the Tabangao refinery from petroleum production to a global full-scale import facility with at least P1 billion new investments over the next few years in this effort. With a capacity of 263 million liters, Tabangao's amenities more than meet the needs of not only But in Metro Manila But also in southern Luzon and northern Visayas.
Meanwhile, the Pilipinas Shell NMIF in Cagayan de Oro continues to meet the needs of the rest of the Visayas and Mindanao. The facility has production capacity of 90 million liters of refined petroleum products since 2016.NMIF has helped reduce costs and overall marine risk by eliminating the need for short-haul vessels to transport fuel from Tabangao to Mindanao.
With the operations of the Subic Pilipinas Shell plant, the resilience of the supply chain has been strengthened as the company is better positioned to respond to the disruption caused by the typhoon season. The capability to drive in the Philippines by stimulating economic growth through the efficient and reliable supply of world-class products, ”Romero said.
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