To note, Petron is under the San Miguel Corporation umbrella under the leadership of president and Chief Operating Officer Ramon Ang. THE country’s lone refiner Petron Corp. will be closing its 180,000 barrel-per-day refinery in Bataan “very soon” as it continue to bear losses from a challenged, refining environment and uneven playing field, its top official said on Tuesday. Ang said Petron was suffering from an uneven playing field compared to oil importers in terms of tax payments, compounded by inventory losses amid low demand at the height of the community lockdown. As a result, some began to speculate about the refinery's possible permanent closure in the future. Alfonso Cusi sees no problem with the inclusion of Petron Corporation’s oil refinery in Limay, Bataan as part of the Freeport Area of Bataan (FAB). Opened in 1961, Petron’s refinery has a production capacity of 180,000 barrels per day (bpd). Petron is the last of the three big oil players that still operate a refinery in the country. PETRON CORP. is looking at building additional components in its 180,000 barrels-per-day (bpd) refinery in Bataan in a bid to shift to cleaner technology and speed up the transfer of goods, according to a project description report from the Department of … Petron said it plans to execute maintenance activities on key process units at the refinery. Shell closed its 60-year-old facility in Tabangao, Batangas last August, citing the crippling effects of the pandemic. Energy Sec. Whether they resume operations and when depends on market conditions and tax reform. Petron Corp., the country’s remaining oil refiner, is set to close its 180,000 barrel-per-day refinery in Bataan by next month. This is quite a turnaround. By Adam J. Ang, Reporter. Local oil giant Petron is set to suspend the operations of its refinery in Bataan starting January next year. Another oil refinery in the Philippines is set to shut down (albeit temporarily) as Petron Corporation has announced that it will be suspending the operations of its facility in Limay, Bataan.. News of the Petron Bataan Refinery shutdown last came about when a statement from San Miguel Corporation president and CEO Ramon S. Ang surfaced on cyberspace. The refinery was on temporary shutdown since February this year and will be back on-line after four months or between June to July this year. Cusi pointed out, though, that the country’s largest oil firm should send his office a letter should it wish to signify such intention. Petron, however, didn't say until when the stoppage will occur. Petron’s competitor, Pilipinas Shell Petroleum Corp., also closed its 110,00-barrel-per-day refinery in Batangas in August. 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