Metro Manila, Philippines – Shipments of 900,000 barrels of diesel will arrive this month, the Oil Industry Management Bureau (OIMB) said.
In a press briefing on Tuesday, April 7, OIMB Director Rino Abad confirmed that the first cargo from Malaysia through a Singapore-trader will arrive on April 10.
The next two from north Asia and India will arrive between the second and third weeks.
This is in line with the government goal to secure buffer stock of over two million barrels.
“PNOC (Philippine National Oil Company) is still working on it, week-on-week, to procure more,” said Energy Secretary Sharon Garin.
Garin said the government is yet to purchase Russian oil.
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