It is unfortunate that Pilipinas Shell Petroleum Corporation (PSPC) had to permanently close its refinery operations in the country. 

I respect the decision of the Shell management changing their oil downstream business model to adapt to the existing market/ economic situation.

This, however, will not affect the oil supply in the country as they will continue to fill in their market share through import of refined products.

What saddens me is the plight of the workers that will be displaced due to the closure. I hope they will find employment with the other industry players.

###