Moro Oil is a prime/principal locator at Polloc Freeport and Economic Zone
Moro Oil is pursuing plans for the full operations in the development of supply and distribution of oil and petroleum paving way for Mindanao-based small-time business players to improve in this field of industry. It prepares for the construction of its own oil storage depot through joint venture agreements or build-operate-transfer scheme with any interested domestic and foreign investors. To this effect, Moro Oil has entered into a 25-year lease agreement on October 10, 2014 with the Polloc Freeport Administration in the town of Parang, Maguindanao Province, ARMM, Bangsamoro Homeland for a one-hectare land in Polloc Freeport.
The land will hopefully house the oil depot, pyrolysis plant and LPG refilling station, in shaaâ€™ Allah. This one-hectare prime lot at Polloc Freeport and Economic Zone will be called the MORO OIL INDUSTRIAL PARK, in shaaâ€™ Allah. Moro Oil will provide petroleum and oil products and byproducts to the broadest market reaching the unserviced areas to the interiors and remotest areas not dared by the other suppliers. As part of extension plans, we intend to supply the areas in the ARMM, Regions IX, X, XI and XII, all of Mindanao starting from the provinces of ARMM and Region XII, in shaaâ€™ Allah.
Moro Oil will continue to develop major oil and fuel businesses in the substantial part of the Bangsamoro Homeland stretching from Central Mindanao spreading through the mainland and islands wayward. We will operate in both mainland Mindanao and the island provinces situated west and south of the Philippines. Our prospect foreign partners and suppliers from Singapore and Malaysia have already visited, assessed and inspected our proposed Moro Oil Industrial Park site at Polloc Freeport and Economic Zone and now planning to station a two million-liter capacity selfpropelled oil barge (SPOB) while constructing the oil depot through soft loan, in shaaâ€™ Allah. Moro Oil has already deposited Ten Thousand US Dollars (USD10,000.00) for the purpose.
Our foreign partners who have visited Polloc Freeport and have shown great interest in establishing oil depot in partnershipor joint venture with Moro Oil include Singapore-based Elementum Resources Pte Ltd and Sahara Group of Companies which refinery is situated in Nigeria. The Malaysia-based companies include Nikmat Mujur Petroleum Sdn Bhd. Data from the Department of Energy explained the 2016 petroleum import inventory rose in this way:
YTD June 2016 petroleum product imports totaled 44,027 MB, an increase of 17.7 percent from 1H 2015â€™s 37,410 MB. Compared with 1H 2015 imports, diesel oil import grew by 31.5 percent. Kerosene/avturbo, LPG and gasoline also rose by 48.9, 26.5 and 4.5 percent, respectively. On the other hand, fuel oil imports dropped by 2.2 percent. The other industry players accounted for majority of the product imports with 71.4 percent of the total imports volume, up by 13.6 percent to 31,419 MB from 1H 2015â€™s 27,658 MB.
The oil majors (Petron, Chevron and Pilipinas Shell) accounted for the remaining 28.6 percent which increased by 29.3 percent from 1H 2015â€™s 9,752 MB to 12,608 MB. The local refiners (Petron and Pilipinas Shell) accounted for 17.5 percent of the total product imports, which included blending stocks, as against 82.5 percent share by direct importers. Product import mix comprised mostly of diesel oil at 42.6 percent, gasoline at 18.1 percent, LPG at 12.3 percent, kerosene/ avturbo at 9.3 percent, fuel oil at 8.3 percent and other products at 9.5 percent share in the total product mix. Total gasoline import reached 44.4 percent of gasoline demand while diesel oil import was 55.7 percent of diesel demand. LPG import on the other hand, was 69.5 percent of LPG demand.
Total product import was 54.8 percent of the total products demand. The oil majorsâ€™ import share in the total demand was 15.7 percent while the other playersâ€™ import share was at 39.1 percent. As for the refiners, their import share in the total demand was 9.6 percent, while 45.2 percent was attributed to direct importers. Meanwhile, a total of 642 MB ethanol was imported for fuel use during the first half of 2016, which dropped by 26.8 percent from 877 MB of 1H 2015 (Table 3f). Republic Act No. 9367 of 2007 mandated that all gasoline to be sold in the country should be E-10 (gasoline with 10% bioethanol content). (Lifted from https://www.doe.gov.ph/downstream-oil)