(Manila, 26th, comprehensive news) A source familiar with the matter revealed that a tanker carrying about 700,000 barrels of Russian crude oil has arrived in the Philippines, marking the latest energy development after the country declared a national energy emergency.
The report stated that the Sierra Leone-flagged tanker 'Sarasky' arrived on Monday, loaded with high-quality crude oil from Russia's ESPO pipeline. Relevant documents showed that the consignee was Petron Corporation, the only refinery operator in the Philippines.
AFP reporters saw the tanker docked at Limay port. Reportedly, this may be the first time in five years that Russian crude oil has arrived in the Philippines.
The Philippines is highly dependent on imported fuel. Since the United States and Israel launched military action against Iran, partially blocking the Strait of Hormuz, international fuel prices have soared.
Philippine President Ferdinand Marcos Jr. stated that the Philippines is actively seeking more sources of fuel as current reserves are expected to last only about 45 days.
Meanwhile, Petron CEO Ramon Ang previously said that the company was in talks for possible procurement of Russian crude but did not confirm the recent shipment.
AFP reporters saw the tanker docked at Limay port. Reportedly, this may be the first time in five years that Russian crude oil has arrived in the Philippines.
The Philippines is highly dependent on imported fuel. Since the United States and Israel launched military action against Iran, partially blocking the Strait of Hormuz, international fuel prices have soared.
Philippine President Ferdinand Marcos Jr. stated that the Philippines is actively seeking more sources of fuel as current reserves are expected to last only about 45 days.
Meanwhile, Petron CEO Ramon Ang previously said that the company was in talks for possible procurement of Russian crude but did not confirm the recent shipment.