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Verified Tsikot Member
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September 25th, 2020 12:44 AM #3191
Papaalam na kaya si shell sa pinas?
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September 25th, 2020 12:47 AM #3192
Malampaya is drying up so it makes sense to divest. Also, Malampaya is operated by a separate Shell entity, Shell Philippines Exploration (SPEX). Shell gasoline stations are under Pilipinas Shell Petroleum Corp (PSPC).
Shell has invested billions in its retail business in the PH, one of the biggest markets in the world with over 1,000 stations and close to 30% market share. They won't leave just because of this pandemic.
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Verified Tsikot Member
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September 25th, 2020 02:48 AM #3193
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September 25th, 2020 07:10 AM #3194
Globally, Shell is restructuring as an organization, transitioning to renewables, exploring ways to reduce spending on oil and gas. Closing out refineries is part of it.
Exclusive: Shell launches major cost-cutting drive to prepare for energy transition | Reuters
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September 25th, 2020 08:33 AM #3195
si omnipotent dennis uy ang bahala na sa malampaya. ika nga ng matatanda, "ang kay pedro kay pedro at ang kay juan kay juan."
Dennis Uy officially part of Malampaya consortium
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September 25th, 2020 09:40 AM #3196
Wpuld that be enough till yearend. Don't get me wrong, I agree there muat be stimulus and since we are a consumption economy, buying power to the people qould be the fastest way.
I just wonder how much would it take so that we could stay afloat until tourism and OFW remittance picks uo again.
With the trend kasi, parang pati 2021 gapang economy if not worse.
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September 25th, 2020 11:21 AM #3197
sabi the pandemic + lockdowns left a 2 trillion peso hole in the economy
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September 25th, 2020 02:28 PM #3199
manila pen's future marred w/ uncertainty
HK parent writes off Manila Pen as Ayala lease winds down | Facebook
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Hybrids and EV