Shell unit shuts Philippine refinery as pandemic slashes margins

The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country's two oil refineries, blaming a pandemicled slump in margins, with other regional closures likely to follow, according to analysts.

from Top Business News- News18.com
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Shell unit shuts Philippine refinery as pandemic slashes margins Shell unit shuts Philippine refinery as pandemic slashes margins Reviewed by Team Exprssnews on August 13, 2020 Rating: 5

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