HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  • Oil firms assure customers
    of stable supply
     
    By Paul A. Isla
    Reporter

    IN light of the Supreme Court’s decision on the removal of the oil terminals in Pandacan, Manila, oil companies Chevron Philippines Inc. and Petron Corp. said Wednesday they will exhaust all legal remedies given the stakes involved.

    Petron public-affairs manager Virginia A. Ruivivar said the Pandacan terminals serve nearly 50 percent of the country’s total demand for fuels, including vital industries such as transport, manufacturing, shipping and power generation.

    “At present, there are no viable relocation sites that have the adequate infrastructure [access roads etc.] in place, accessibility to deep shores and [are] close enough to Metro Manila to ensure timely delivery of products,” Ruivivar said.

    Chevron officials will thoroughly review the decision once they get a copy of the official document.

    Mark Quebral, Chevron manager for policy, government and public affairs, said the Pandacan terminals are the “energy lifeline” of Metro Manila and the rest of the country.

    Quebral said the NCR and other areas in greater Luzon are important markets that need to be served reliably and efficiently in a safe and secure manner. Right now, according to Quebral, Pandacan offers the best location and the most strategic advantage to meet the  standards for efficient, safe and reliable operations.

    “We assure our customers and the consuming public that we will remain focused on ensuring that our facilities and operations continue to adhere to the highest engineering, operating and safety standards which are acceptable to the local communities surrounding Pandacan,” Quebral said. 

    OTHER STORIES

    SC: Oil depot must leave


    Oil firms assure customers of stable supply


    Oil prices, not politics, a risk to biz


    Best gift to a loved one: Good health


    DOF backtracks, taxes Pall Mall P26.06/pack


    JPE hounds Teves at CA


    QC is World Bank’s showcase for taxing informal enterprises


    PAL, CebuPac seek to raise fuel surcharge


    Only $100-M OFW bonds to be sold


    Cebu traders reiterate support vs antigraft drive


    ‘Jpepa will show RP is transparent’


    RTC dismisses La Costa suit vs Psalm