00:00 The state-owned oil company of Saudi Arabia, Saudi Aramco,
00:04 is studying the possibility of establishing long-term supply arrangements
00:08 for oil products in the Philippines.
00:11 Saudi Aramco said this with the help of President Bongbong Marcos
00:14 and business leaders in Riyadh, Saudi Arabia.
00:17 According to President Marcos, he is hoping that Saudi Arabia will expand its investments
00:23 and study the opportunities under the Maharlika Investment Fund.
00:28 President Marcos arrived in Riyadh at 6 p.m. Philippine time.
00:33 He will be brought to the Association of Southeast Asian Nations Gulf Cooperation Council
00:37 or ASEAN GCC Summit.
00:41 [music]
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