Isla Petroleum & Gas Corporation
Oil & Energy - Makati, Metro Manila, Philippines
Isla Petroleum & Gas Corporation Employees
Isla Petroleum & Gas Corporation Details
When a great opportunity to continue a Filipino legacy rose, many answered the call. It is not every day that companies are given the chance to continue defining how Filipinos live their life fully. This is how ISLA Petroleum & Gas Corporation (IPG) came to be. It is a joint venture between Isla Petroleum & Energy Company Ltd., (IP&E) and CREASIA Energy Holdings, Inc. (CREASIA). Incorporated in July 14, 2011, IPG was the response to acquire Shell's LPG assets in the Philippines. The acquisition was completed in two stages. Stage one was the acquisition from Pilipinas Shell Petroleum Corporation (PSPC) of all the issued and outstanding shares of Isla LPG Corporation (ILC). This phase was consummated on January 27, 2012. Stage two was the acquisition from Shell Petroleum N.V. all of the issued and outstanding shares of Isla Gas Terminals, Inc. (IGT). This process was fully realized on December 10, 2013. ILC is IPG's subsidiary engaged in supply, trading, marketing and distribution of Liquefied Petroleum GAS "LPG" in the Philippines under the banner brand SOLANE (formerly Shellane). It operates strategically located LPG refilling plants nationwide. It has a vast network of distributors and retail stores.
