A Study on the Liquefied Petroleum Gas in the Philippines
A Study on the Liquefied Petroleum Gas in the Philippines
In Partial Fulfillment and Requirement
In Intermediate Microeconomics
Eco03
Submitted to:
Prof. Rulina Viloria
Submitted by:
Archeeno S. Diaz
September 5, 2011
I. Background and Historical Account of the Industry
A. the industry’s formation, personalities involved and significant events
The World
-1910
Under the direction of Dr. Walter Snelling, the U.S. Bureau of Mines investigated gasoline to see why it evaporated so fast and discovered that the evaporating gases were propane, butane, and other light hydrocarbons. Dr. Snelling built a still that could separate the gasoline into its liquid and gaseous components and sold his propane patent and thus LPG was born.
-1912
Propane gas was cooking food in the home. The first car powered by propane ran in 1913. By 1915 people were using propane in torches to cut through metal. LPG has been used as a transportation fuel, mainly in heavy trucks and forklift vehicles, around the world for more than 60 years.
In the Philippines
-1933
Standard Oil Company of New Jersey merges its operations in the eastern hemisphere with Socony-Vacuum, which is renamed Standard Vacuum Oil Company, or Stanvac.
-1940
Shell products, including Shellane LPG were being sold to more areas in the Philippines through installations and depots set up in strategic points throughout the country.
-1954
Caltex buil the first petroleum refinery.
-1957
Stanvac begins construction of a Bataan refinery, later grouped under Bataan Refining Corporation.
-1959
Filoil, first Filipino-owned oil refinery, is created.
-1962
Esso Standard Eastern takes over Stanvac.
-1971 (R. A. 6173, the “Oil Industry Commission.”)
Regulation of the oil industry and to ensurance for adequate supply of petroleum products at reasonable prices started.
The first attempt by Congress to deregulate the
In Partial Fulfillment and Requirement
In Intermediate Microeconomics
Eco03
Submitted to:
Prof. Rulina Viloria
Submitted by:
Archeeno S. Diaz
September 5, 2011
I. Background and Historical Account of the Industry
A. the industry’s formation, personalities involved and significant events
The World
-1910
Under the direction of Dr. Walter Snelling, the U.S. Bureau of Mines investigated gasoline to see why it evaporated so fast and discovered that the evaporating gases were propane, butane, and other light hydrocarbons. Dr. Snelling built a still that could separate the gasoline into its liquid and gaseous components and sold his propane patent and thus LPG was born.
-1912
Propane gas was cooking food in the home. The first car powered by propane ran in 1913. By 1915 people were using propane in torches to cut through metal. LPG has been used as a transportation fuel, mainly in heavy trucks and forklift vehicles, around the world for more than 60 years.
In the Philippines
-1933
Standard Oil Company of New Jersey merges its operations in the eastern hemisphere with Socony-Vacuum, which is renamed Standard Vacuum Oil Company, or Stanvac.
-1940
Shell products, including Shellane LPG were being sold to more areas in the Philippines through installations and depots set up in strategic points throughout the country.
-1954
Caltex buil the first petroleum refinery.
-1957
Stanvac begins construction of a Bataan refinery, later grouped under Bataan Refining Corporation.
-1959
Filoil, first Filipino-owned oil refinery, is created.
-1962
Esso Standard Eastern takes over Stanvac.
-1971 (R. A. 6173, the “Oil Industry Commission.”)
Regulation of the oil industry and to ensurance for adequate supply of petroleum products at reasonable prices started.
The first attempt by Congress to deregulate the