Following a maintenance shutdown last February 10, as well as the mention of plans for permanent closure, Petron has recently announced its intention to continue its Bataan refinery’s operations.
As of 2019, the refinery’s daily production output reached 96,980 barrels of different petroleum products and petrochemicals.
Over 30% of the country’s petroleum products are supplied by Petron, according to data from 2019. The company also has a market demand share of 24.60%.
The move to reopen the 60-year-old refinery was met with praise from senator and chairman of the senate energy committee, Sherwin Gatchalian.
The senator said: “saving jobs when there’s a spike in new Covid19 cases is very crucial while we continue to grapple with the impact of this pandemic,” as the Bataan refinery employs at least 3,000 workers.
Gatchalian further stated that if the country’s sole remaining refinery had closed, then we would inevitably move into total dependence on fuel imports.
The company has recently completed its registration with the Authority of the Freeport of Bataan (AFAB), and is set to resume operations by July.