Preview

Oil Industry in Philippines

Satisfactory Essays
Open Document
Open Document
663 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Oil Industry in Philippines
Downstream Oil Industry

According to REPUBLIC ACT NO. 8180(AN ACT DEREGULATING THE DOWNSTREAM OIL INDUSTRY, AND FOR OTHER PURPOSES) ; Downstream oil industry shall refer to the business of importing exporting, re-exporting, shipping, transporting, processing, refining, storing, distribution, marketing and/or selling, crude oil, gasoline, diesel, liquefied petroleum gas (LPG), kerosene, and other petroleum and crude oil products

The Philippines downstream oil industry had been deregulated since1998 and is currently dominated by two (2) major oil refining and marketing companies; Petron and Pilipinas Shell. A third oil refiner and marketer, Caltex Philippines Inc. converted its 86,500 bbl/d refinery into an import terminal in 2003 and now operates as a plain marketing and distributing company under the name “Chevron”, but maintains its Caltex brand. Philippine National Oil Company (PNOC), a state-owned company, and Saudi Aramco jointly own Petron; each with a 40 percent stake while the public holds the remaining 20 percent share. Petron operates an 180,000 bbl/d refinery and over 1,200 gasoline stations nationwide; Pilipinas Shell has a 110,000 bbl/d refinery and about 800 gasoline stations; and Caltex/Chevron has 2 import terminals, and around 850 retail gas stations nationwide. Caltex built the first petroleum refinery in 1954. Followed by Stanvac in 1960, with the construction of what is now the biggest oil refinery in the country –the Bataan Refining Corporation. Shell Refinery started operations in July 1962 while a local player, Filoil Refinery, began operations in September 1962. Currently there are 3,472 registered gasoline dispensing stations, 182 LPG refilling plants, 28.30 MB of storage capacity and 16.62 MMB depots (import and export terminals). A 135 km white-oil and 100 km black-oil pipelines are used to transport oil from the refineries in Batangas to Manila and vice versa.

• Regulatory Framework Republic Act No. 8479 which was

You May Also Find These Documents Helpful

  • Powerful Essays

    The key economic driver for the Oil Drilling & Gas Extraction Industry, crude oil prices, determines much of its profitability according to supply and demand. Price trends in West Texas Intermediate, a grade of crude oil used as a benchmark in oil pricing, display the growth of its value in the past 3 years and past decade. An average barrel of crude oil grew from $26.18 in 2002 to $61.95 in 2009, $79.48 in 2010, and $94.87 in 2011 (Airlines, 2012). JP Morgan analysts project average annual prices above $99 in upcoming years (Sethuraman, 2012). Such upward growth points to lucrative profits.…

    • 1249 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Lacrosse Annotation

    • 1120 Words
    • 5 Pages

    Jim Calder & Ron Fletcher; illustrated by David Craig & Arnold Jacobs; oral tradition by Delmor Jacobs. (2011). Lacrosse: The ancient game.Canada, Toronto: Ancient Game Press.…

    • 1120 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Oil and Gas production take a major part in many countries economies, including Canada. According to [6], mining quarrying and oil or gas extraction takes 8% of Canada’s GDP. Canada is the fifth largest oil producing country in the world. The country's three largest integrated refiners are Imperial Oil, Husky Energy, Suncor Energy. While Petro Canada is considered by some as its own entity and fourth key refiner, it's actually owned by Suncor Energy. In 2007 Canada's three biggest oil companies brought in record profits of $11.75 billion, up 10 percent from $10.72 billion in 2006. Revenues for the Big Three climbed to $80 billion from about $72 billion in 2006. The numbers exclude Shell Canada and ConocoPhillips Canada, two private subsidiaries…

    • 131 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    U.S. Booming Oil Industry

    • 1974 Words
    • 8 Pages

    Many living in the U.S. have been wondering why gas prices remain so high in the United States. The U.S. led war in the middle-east is winding down, people are driving more fuel efficient cars, and our own country is producing more oil than ever before. What could possibly keep gas prices so high?…

    • 1974 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Isokinetic Devices

    • 539 Words
    • 3 Pages

    Most medical isokinetic machines are top of the range. They use a powerful motor to provide the isokinetic resistance to the force applied and then use a computer to keep the motion smooth, provide the acceleration and to record the results. In medical systems the components (the motor, gear box and computer control) are what make the machines so very expensive but they…

    • 539 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Offshore Oil and Gas Industry

    • 17221 Words
    • 69 Pages

    Criticality Analyses (FMECA) for Command, Control, Communications, Computer, Intelligence, Surveillance, and Reconnaissance (C4ISR) Facilities, 29…

    • 17221 Words
    • 69 Pages
    Powerful Essays
  • Good Essays

    Mining in the Philippines

    • 484 Words
    • 2 Pages

    The Philippine Government believes that a well-developed minerals industry is an option that can catalyze economic development and community empowerment. Minerals are part of its national patrimony, hence there is a big responsibility to maximize the benefits that can be derived from their utilization with due regard to the protection of the environment and without sacrificing the interests of communities.…

    • 484 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Natural gas burns more cleanly, releasing fewer (CO2) emissions into the atmosphere. Using natural gas can therefore help to reduce greenhouse gases and global warming…

    • 1735 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Financial Analysis Of PSO

    • 1403 Words
    • 14 Pages

    Pakistan State Oil Company Limited is that country's leading oil marketing and distribution company. Formerly a state-run agency, PSO controls approximately 70 percent of Pakistan's total finished fuel products market,and as much as 80 percent of the total furnace oil market, the main fuel oil market in the country. PSO also controls 60 percent of the country's diesel fuel market. Despite a nationally operating network of more than 3,750 PSO-branded filling stations, many of which include convenience stores,…

    • 1403 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Hpcl Review

    • 883 Words
    • 4 Pages

    As on July, 2005 there are a total of 18 refineries in the country comprising 17 in the Public Sector, one in the private sector. The company-wise locations and capacity of the refineries…

    • 883 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    During the term project for Operations Management (OM-I), we had a great opportunity to learn and apply the various concepts and principles that we have learnt in the course. For a successful and enriching learning experience, we’d like to acknowledge, with utmost sincerity, the efforts of all those who have made the successful completion of our project possible.…

    • 5457 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    Shell Gas

    • 5017 Words
    • 21 Pages

    * Upstream International - manages the Upstream business outside the Americas. It searches for and recovers crude oil and natural gas, liquefies and transports gas, and operates the upstream and midstream infrastructure necessary to deliver oil and gas to the market. Its…

    • 5017 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    Mining in the Philippines

    • 36059 Words
    • 145 Pages

    Table of Contents Foreword................................................................................................................................................................ i Acronyms and Abbreviations............................................................................................................................ ii Executive Summary ........................................................................................................................................... iii 1. 2. 3.…

    • 36059 Words
    • 145 Pages
    Good Essays
  • Satisfactory Essays

    Arithmetic Mean and Marks

    • 2859 Words
    • 12 Pages

    Q.4 You are a team manager having 15 members in your team. Two of your key team members are on 3-weeks leave. You have to call for a monthly team meeting within a week. How effectively you would plan and carry out this meeting? (10 marks)…

    • 2859 Words
    • 12 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Petroleum Engineering

    • 430 Words
    • 2 Pages

    In the rock cycle shown in the figure below, give the name of the rock that marked as (a), (b), and (c). [3 marks]…

    • 430 Words
    • 2 Pages
    Satisfactory Essays

Related Topics