PH secures over 1M barrels of oil for April supply — DOE - video Dailymotion

Manila Bulletin

The Department of Energy (DOE) said the Philippines has secured a total of 165.7 million liters of diesel for April, equivalent to about 1.042 million barrels, as part of efforts to ensure a stable and sufficient fuel supply amid global uncertainties.  In a statement issued March 30, the DOE reported that the first shipment of 22.58 million liters, or 142,000 barrels, from Japan has already arrived in the country on March 26. Further deliveries are scheduled throughout April, including 47.7 million liters from Malaysia and Singapore in early April, another 47.7 million liters from North Asia and India by mid-April, and an additional 47.7 million liters from Oman via Singapore by the end of the month.  The agency said the staggered arrivals are intended to strengthen supply availability and ensure that fuel requirements are met in the event of possible disruptions in global oil supply chains.

Transcript

00:00DOE, through PNOC, we've procured 165.7 million liters or 1,042 barrels of diesel secured

00:17through April to strengthen national fuel supply.

00:20DOE today announced that 1.042 million barrels of diesel, equivalent to 165.678.000 liters

00:31have been secured for delivery through April as part of the government's decisive action

00:36to reinforce the country's fuel supply.

00:41This activity took a lot of effort.

00:44It included identifying which DOCC will be able to deliver or to perform this activity,

00:52which means it's PNOC, EC.

00:56And then we had to get the funding and then also process the procurement or streamline

01:08the procurement process, and then also in identifying our suppliers.

01:14So this is a system that we set up three weeks ago already.

01:20Under the instruction of the president to maintain stable, sufficient oil supply nationwide.

01:26This was the first instruction of the president on the first day of the war in the Middle East.

01:33It is scheduled in phases to ensure sustained domestic availability during a period of heightened

01:40external market uncertainty.

01:43The first shipment, consisting of 142,000 barrels, is from Japan.

01:51It arrived in the Philippines on March 26 to March 28 because they had to unload.

01:57It took them days to unload.

01:58The remaining deliveries are set to arrive as follows, 300,000 barrels from Malaysia and Singapore

02:07in early April, 300,000 barrels from North Asia or India by mid-April, 300,000 barrels from

02:18Oman through Singapore at the end of April.

02:24So that's a total of 1.42 barrels.

PH secures over 1M barrels of oil for April supply — DOE

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