Shell unit shuts Philippine refinery as pandemic slashes margins
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Article by:
Enrico Dela Cruz - Reuters
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Date Published:
August 14, 2020
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Who was cited:
Mia Geng, Consultant - FGE
The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country’s two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.
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