Kampac Oil Middle East is investing USD5 billion to create a 200-hectare energy city in Sual, Pangasinan. Kampac International Plc. of Dubai is the mother company of the said investor.
The main goal is to make Philippines an oil distribution hub for ASEAN region. The 200-hectare land in Pangasinan will be turned into oil-storage tank farm facility. The energy city will include an oil refinery. Ten thousand individuals will be employed when the facility starts full operation.
A port needs to be constructed first. Kampac has already contracted for the construction of a port complex which is a vital part of an oil refinery and distribution hub. Refined oil will be available for local and international consumption.
The port is expected to be operational early 2016.
The energy city will posses the ability to refine 1 million barrels of oil a day, a petrochemical plant with an annual capacity of 1.5 million tons, a storage capacity of 50 million barrels of oil, a re-gasification plant, 10 kilometers of pipelines throughout the complex and a water-treatment company.