World oil situation: recent developments and prospects. (Supplementary Note 2) (World Economic and Financial Surveys): An article from: World Economic Outlook
called for an emergency meeting with concerned stakeholders and sought the help of other oil companies on the possibility of augmenting supply, while Shell struggles to fill up its pumps due to shift in "product transporting mode," with the sudden closure of the oil pipeline operated by the First Philippine Industrial Corporation (FPIC) following the discovery of an oil leak in the basement of the West Tower condominium in Makati City.
World oil situation: recent developments and prospects. (Supplementary Note 2) (World Economic and Financial Surveys): An article from: World Economic Outlook
The FPIC closed its pipeline operations after some petroleumlike substances accumulated in the West Tower basement, although the actual cause of the problem is still being established. The FPIC said there was really no leak or seepage from their pipeline, but just the same the company decided to cease operations for safety purposes."While we are concerned with the oil supply situation, we cannot also compromise safety, especially that of residents of the affected West Tower condominium.
