This has been in talks for a long while.
“Petron Corp. president and chief executive officer Ramon Ang announced that they will be moving out of the Pandacan oil depot in Manila by the end of 2015,” reports Iris Gonzales in The Philippine Star.
Apparently, Petron has spent PHP15 billion to build alternative depots in Rosario, Cavite; Navotas City; Limay, Bataan, and at the Harbor Center.
At the moment, the 33-hectare Pandacan depot, which is said to be the largest in the country, houses the storage facilities and distribution terminals of three major oil companies Petron, Chevron Philippines Inc., and Pilipinas Shell Petroleum Corp.
We wonder if the other companies are moving out, too.
