Republic of the Philippines - Stamps & Postal History

RP Issues of 2014










2014, December 13.  Shell Philippines Centenary

Litho Offset, Amstar Company, Inc.,  Perf 13 1/2 x 13 3/4

(Jumbo-sized 50mm x 35 mm) Se-tenant Blocks of Four (Jumbo Size, Gold Foil, Varnish);  Miniature Sheets of 8



Se-tenant Blocks of Four    (28,500)

25p  1930 Shell Retail Station

25p  2014 Shell Retail Station

25p  1960 Shell Tabangao Refinery

25p  2014 Shell Tabangao Refinery


Miniature Sheets of 8    (14,250) 


Designer:  Pilipinas Shell

Layout Artist:  Victorino Z. Serevo


First Day Covers:  Manila & Makati








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 and sale of kerosene mainly for household use in Manila and outlying areas.  

By 1940, spurred by the growing Philippine economy, a sizeable range of Shell products was being sold to more areas in the Philippines through installations and depots set up in strategic points throughout the country.  In 1960, Shell built its first crude refinery in Tabangao, Batangas, which commenced operations in 1962. This made Shell a complete downstream business engaged not only in trading, transport and distribution, but also in the manufacture and refining of petroleum products.  The birth of the refining era was accompanied by further business expansion.  Shell pursued  interests in the marketing of chemicals and crop protection products to support the fast growth in the agricultural sector during the 1960s.  

In the late 1970s, Shell began its involvement in upstream activities (oil and gas exploration and production) to reduce the country's dependence on imported oil. To meet the rising demand for liquefied petroleum gas (LPG) in Asia, Shell began in the early 1980s the construction of a refrigerated LPG terminal that would supply domestic LPG needs of the Philippines and its Asian neighbours.  The first of its kind in Asia, Shell's refrigerated LPG terminal began operations in 1983.

In the conduct of its business, Shell has always been conscious of its obligations to society. In 1982, Shell formed the Pilipinas Shell Foundation, Inc. to begin its direct participation in social development  through industrial and agricultural skills training, livelihood and entrepreneurship training, promotion of science and technology education, and other community development programs around Shell work sites. The foundation has helped make a brighter future for thousands of out-of-school youths, farmers, students, military dependents and other disadvantaged segments of society. In 1986, Pilipinas Shell took over majority ownership of Philippine Petroleum Corporation, the country's only lube oil refinery.

In 1990, Shell Philippines Exploration B.V. (SPEX) signed a service contract with Occidental Philippines Inc. to invest in oil and gas exploration in offshore Northwest Palawan. Using state-of-the-art technology in one of the deepest waters in the world, the joint venture discovered significant oil and gas reserves in the Malampaya/Camago field. Further strengthening its commitment to meet the country's increasing fuel needs, Pilipinas  Shell began in 1993 the construction of a bigger and more modern refinery adjacent to its existing facility in Tabangao.

Completed in 1995, the 110,000 barrels per day refinery boosted Shell's refining capacity to 155,000 barrels per day, becoming Pilipinas Shell's share in helping the country move forward to a better future as envisioned in the government's Philippines 2000 program. The new refinery enables Pilipinas Shell to produce petroleum products which are more responsive to the needs of the country and the environment. Its energy-efficient processing facility enables it to produce more middle distillates to augment the country's diesel fuel requirements. The new refinery is also capable of producing unleaded gasoline and low sulphur diesel.

This 1998, SPEX begins the development and construction of the Malampaya field for the commercial production of natural gas in the country by the year 2002. The gas-to-power project is seen as the largest and most significant investment in the history of Philippine business, with a total financing requirement of approximately US$2.0 billion. It is expected to generate a substantial income for the Philippine government over the life of the field, reduce reliance on imported fuels from 20% to 30%, and provide an alternative environment-friendly fuel for power generation.





  • Business/Commerce


Articles by Dr. Ngo Tiong Tak

Back to the Top


Issues of 2014