Petron Corp., Mandaluyong City, Philippines, plans to indefinitely suspend operation of its 180,000-b/d Bataan refinery—now the country's only—at Limay, about 150 km southwest of Manila. Petron will suspend operations at the refinery beginning in the second half of January 2021 to minimize losses resulting from weak refining margins, the operator said in a series of mid-December filings to Philippine Stock Exchange Inc. (PSE). During what the company refers to as an "economic shutdown," Petron said it plans to execute maintenance activities on unidentified key process units at the refinery. The operator assured the market no supply disruptions will occur as result of the shutdown given existing, healthy product inventories and the company's plan to replenish necessary supplies via importation of finished products from abroad.