INAPRUBAHAN ng Board of Investments (BOI) ang registration ng four storage-tank oil depot ng Seaoil Philippines sa Davao del Sur.
Ayon sa BOI, ang oil depot ay may combined capacity na P36.9 million liters at maglalaman ng gasoline at diesel fuels.
Ang P287-million project ay kuwalipikado para sa Bulk Marketing of Petroleum Products sa ilalim ng Investment Priorities Plan (IPP) – Special Laws list alinsunod sa Republic Act 8479 o ang Downstream Oil Deregulation Act of 1994.
“RA 8479 liberalizes and deregulates the downstream oil industry in order to ensure a truly competitive market under a regime of fair prices and adequate and continuous supply of environmentally-clean and high-quality petroleum products by encouraging the participation of new oil industry players through the provision of incentives,” anang BOI.
Ang Seaoil Philippines ay isang kompanya na pag-aari ni businessman Francis Yu, kasama ang Caltex Australia bilang minority partner.
Ang inaprubahang proyekto, na nagsimula na ang operasyon noong Setyembre, ay nagkakaloob ng karagdagang 36.9 million li-ters ng gasolina at diesel sa umiiral na 41.050 million liters ng storage katimugang bahagi ng Mindanao, na nagbibigay ng ka-buuang 78.150 million liters ng fuel capacity.
“This combined capacity is actually more than enough to accommodate the average daily requirement of 73 million liters of fuel nationwide. The additional storage capacity of fuel means additional supply of fuel may allow the company to efficiently manage its inventory levels and avoid external shocks that could lead to oil price hikes or at the very least mitigate its price increase in several parts of Mindanao,” wika ni Trade Undersecretary at BOI Managing Head Ceferino Rodolfo.
Ayon sa Seaoil, sa karagdagang depot capacity, ang presyo ng diesel nito ay maaaring bumaba ng 10 percent o P5. Bukod pa ito sa lingguhang rolbak dahil sa patuloy na pagbagsak ng presyo ng krudo sa pandaigdigang merkado.
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