Petron Corp., the country’s largest oil refiner and distributor, is on track with the construction of its $2-billion Refinery Master Plan Phase 2 (RMP-2) project, with a plan to have it on full commercial operation by early 2015.
RMP-2 will allow Petron’s Bataan refinery to run at full capacity, converting current negative margin fuel oil into higher value fuels such as gasoline, diesel, and petrochemicals.
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