World, As Seen from the most beautiful islands: Ireland and Cyprus

Shell sells the refinery in Philippines


Shell Petroleum permanently closes an oil refinery south of the Philippine capital Manila, because the demand for oil has fallen due to the corona crisis. Pilipinas Shell Petroleum, most of which is owned by Shell Oil and gas, is converting the refinery to an import terminal.

Oil demand in the Philippines fell by 30% in March and by 70% in April compared to February this year. The factory, which can produce 110,000 barrels of oil a day, became loss-making. In addition, nearby China is building new mega-refineries, from which the Philippines could take oil. After the closure of Shell’s refinery, there remains one oil refinery in the Philippines, Petron Corporation.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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