Russian oil arrives as Philippines battles 'energy emergency'
Gulf Times
Russian oil arrives as Philippines battles 'energy emergency'
A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source with knowledge of the matter told AFP Thursday, days after the country declared a national energy emergency over the Middle East war. The purchase, unthinkable before long-time treaty ally the US eased sanctions tied to Russia's war in Ukraine, comes as the import-dependent archipelago scrambles to expand its options in a suddenly volatile oil market. The Sierra Leone-flagged Sara Sky and its cargo from Russia's ESPO pipeline arrived 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 the press.
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