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PILIPINAS Shell Petroleum Corp. is looking at investing up to P20 billion in the next five years to fund, among others, the construction of oil import terminals and more “mobility sites” as the listed company shifts to a new business model.
“P15 to P20 [billion] over the five-year period… In terms of investment, we are hoping that we will be able to continue with our investment profile of anywhere between P3 to P4 billion per year for the next five years,” Pilipinas Shell President and Chief Executive Officer Cesar G. Romero said in a media briefing on Wednesday.