Philippines says working with Washington to obtain oil from US-sanctioned countries
Manila has temporarily increased coal-fired generation due to the energy supply pressures
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[MANILA] The Philippines is working with Washington to secure waivers and exemptions so it can obtain oil from US-sanctioned countries to ensure supply, its ambassador to the United States said.
The Philippines, which relies heavily on imported fuel, on Tuesday (Mar 24) declared a state of national energy emergency to deal with the fallout from the Middle East war, including oil procurement.
“We are working with the State Department to get waivers or exemptions to purchase oil from US-sanctioned countries,” Jose Manuel Romualdez said.
Asked if Venezuelan and Iranian oil were part of the discussions, Romualdez said. “All options are being considered”. Asked what has been the response from the State Department, the ambassador said: “Work in progress.”
As at Mar 20, the government said that the Philippines had around 45 days of fuel supply, and is procuring one million more barrels of oil to build its buffer stock.
The emergency declaration, which will be in effect for one year, authorised the government to purchase fuel and petroleum products to ensure a timely and sufficient supply.
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Manila has temporarily increased coal-fired generation due to the energy supply pressures. It was due to receive its first Russian crude oil import in five years this week, following a 30-day waiver issued by the United States.
Washington on Friday also issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea. The waiver applies to oil loaded on any vessel, including tankers under sanctions, on or before Mar 20 and discharged by Apr 19. REUTERS
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