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Pilipinas Shell Petroleum Corporation 

Submitted to:

Prof. Allan V. Cledera, MA-IR

In partial fulfillment of the requirement for

Principles of Microeconomics

Submitted By:

PALTENG, MARY JESSICA DANSECO

RUGAY, CLAUDIO ESPIGOL

SAPLAN, MARK JOHN FERRARI DALIN

TUMAMPOS, OLIVER DELEON

Table of contents

I. Background and Historical Account of the Industry

II. Performance of the Industry

III. Major Problem/s Encountered or Currently Encountering by the Industry and its Policy Implications

IV. Areas for Future Policy Prescriptions

REFERENCES :

http://business.inquirer.net/115127/pilipinas-shell-confirms-smuggling

http://somo.nl/news-en/shell-violates-oecd-guidelines-in-the-philippines

http://business.inquirer.net/63257/problems-in-customs-weaken-drive-vs-smuggling

I. BACKGROUND AND HISTORICAL ACCOUNT OF THE INDUSTRY

Oil and natural gas touch our lives in countless ways every day. They fuel our cars and cook our food. But did you know that oil and natural gas also help generate the electricity that powers our daily lives?

The oil and natural gas industry is one of the world's largest industries. Its revenues are large, as are the costs of providing consumers with the energy they need. Among those costs are finding and producing oil and natural gas, refining, distributing and marketing those refined products. Today's oil and natural gas industry earnings are invested in new technology, new production and environment and product quality improvements to meet tomorrow's energy needs.

Shell products have been at the service of the Filipino consumer for more than a Century. Shell kerosene first reached the country in 1897.

Shell's corporate presence in the Philippines dates back to 1914 when Shell organized a trading office in the Philippines. Business then largely involved the importation...