Times of Suriname Logo
Times of Suriname Logo

Engels

Russian oil arrives as Philippines battles 'energy emergency'

MANILA - A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source with knowledge of the matter...

Times of Suriname

told AFP Thursday, days after the country declared a national energy emergency over the Middle East war. The Sierra Leone-flagged Sara Sky, bearing high-quality crude from Russia's ESPO pipeline arrived on Monday, with documents showing the consignee as Petron Corp, operator of the Philippines' sole oil refinery, said the source, who asked to remain anonymous as they were not authorised to speak to press. The Philippines is heavily dependent on imported fuel, the cost of which has hit historic highs since the US-Israeli war with Iran forced the partial closure of the Strait of Hormuz. An AFP journalist on Thursday saw the Sara Sky at anchor in Limay port just outside Manila, where the Petron refinery is located. It is believed to be the first shipment of Russian oil to the Philippines in five years. Last week, Ramon Ang, CEO of Petron, told AFP the company was "in talks" to potentially purchase Russian oil. On Thursday, he declined to confirm the arrival of the shipment. President Ferdinand Marcos said Wednesday that the Philippines was casting a wide net in its search for fuel, with the country's dwindling stocks expected to last only another 45 days. "We have not only gone to our...traditional oil suppliers, we have tried to explore other sources that are not affected by the war that is ongoing in the Middle East," he said in a press briefing addressing the state of emergency. "Nothing is off the table. We are looking at everything, everything that we can do." The United States this month eased some restrictions on sales of Russian crude, allowing countries to purchase oil that was already at sea until April 11. Kpler analyst Muyu Xu told AFP around 120 million barrels of Russian oil may have been at sea at the time, adding much of it may have already been pre-ordered by Chinese or Indian clients. On Thursday, the Philippines' Department of Energy activated a 20 billion-peso ($332 million) emergency fund that energy secretary Sharon Garin called a "proactive step" to securing fuel supplies. (Bssnews)

Gerelateerde Artikelen

Engels

South Sudan and Mauritius impose electricity curbs

SOUTH SUDAN - South Sudan and Mauritius have both announced measures restricting electricity consumption due to the fuel crisis triggered by the US and Israel's war in Iran,...

Buitenland

Man krijgt vijf jaar cel en tbs voor online seksueel misbruik van 34 kinderen

NEDERLAND - Een twintigjarige man uit Den Haag is donderdag veroordeeld tot vijf jaar cel en tbs met dwangverpleging voor het online seksueel misbruiken van 34 kinderen.

Binnenland

Caricom en Amnesty International verwelkomen VN-resolutie

VS/PARAMARIBO -  De Caribische Gemeenschap (Caricom) en Amnesty International welkomen de aanneming van de historische resolutie van de Verenigde Naties: “Verklaring inzake de handel in tot...

Buitenland

Snapchat onder vuur vanwege grooming en verkoop vapes aan minderjarigen

EUROPA - De Europese Commissie is een onderzoek gestart naar Snapchat om te beoordelen of de app voldoet aan de Digital Services Act.