Petron Corp fuel supply unaffected by typhoon

05 December 2006 09:47  [Source: ICIS news]

SINGAPORE (ICIS News)--Petron Corp’s fuel supply was unaffected by Typhoon Durian despite the destruction it left in northern Philippines, spokeswoman from Philippines largest refiner said on Tuesday.

"Our company has been able to keep most of out service stations open in Albay area (the hardest hit province in the region) despite the power outage (caused by the typhoon) since the stations have own generators," Virginia Ruivivar, the company’s spokeswoman, said.

Typhoon Durian is the fourth typhoon to hit the country in three months.

Petron’s 180,000 bbl/day refinery in Limay, Bataan province was also operating normally and was unaffected by the typhoon, the spokesperson said.

Its Bataan refinery is scheduled for upgrade, aimed at raising its production of petrochemicals.

The project, to be commissioned in February 2008, will increase its mixed xylenes (MX) capacity to 275,000 tonnes/year from 149,000 tonnes/year. It also includes units to produce 14,000 tonnes/year of benzene, 114,000 tonnes/year of toluene and 140,000 tonnes/year of propylene.

Philippine National Oil Co (PNOC), the state-owned major, and oil giant Saudi Aramco each hold a 40% stake in Petron. The remaining shares are owned by investors in the Philippines.

By: Nurul Darni
65 6789 4359

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