Philippine Coastal Storage & Pipeline Corporation - Makati City, Philippines

Philippine Coastal Storage & Pipeline Corporation (PCSPC) began its operations in April 2004 when it took over the petroleum storage and pipeline facilities of the former US military bases, namely Subic Bay Naval Base and Clark Air Force Base.When the US military pulled out, the Philippine Government took over and established what are now known as the Subic Bay Metropolitan Authority (SBMA) and the Clark Development Corporation (CDC). The petroleum product facilities were leased out by the Government in 1993 to Coastal Subic Bay Terminal Inc. (CSBTI) for 25 years. After more than ten years, PCSPC took over the lease from CSBTI. PCSPC operates the fuel storage facility in Subic while its parent, Clark Pipeline and Depot Co., Inc. (CPDC) operates the Clark facility.