Shell to inaugurate CDO import terminal next month

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(PNA), RMA/JLD

MANILA, May 13 (PNA) -- Shell Companies in the Philippines (SCIP) chairman Ed Chua said the company targets to inaugurate its Cagayan De Oro oil import terminal facility in June.

"Maybe we'll inaugurate (it) in June. It will be completed within the month," he told reporters in a chance interview.

Shell earlier said the project, which is called the North Mindanao Import Facility (NMIF), costs Php 6 billion.

The oil firm also noted the project will support the expected industrialization, urbanization and overall consumption growth in Visayas and Mindanao.

It will supply the fuel needs of residents, motorists and other end-users and consumers in Visayas and Mindanao.

The project is being built in partnership with the Philippine Ports Authority.

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