Lotilla thumbs down emergency oil stockpile anew
newscatcher
2023-10-08 19:30
Lotilla thumbs down emergency oil stockpile anew
Energy Secretary Raphael Lotilla | CONTRIBUTED PHOTO The Department of Energy (DOE) reiterated it would not be pushing through with plans to build a strategic petroleum reserve (SPR) in the country, saying that it would be expensive and that the Philippines' onshore areas were not fit for storage facilities. Energy Secretary Raphael Lotilla told reporters the country did not have any empty oil fields that could serve as petroleum storage facilities. 'Unfortunately our onshore areas are not designed for that.

https://business.inquirer.net/425547/lotilla-thumbs-down-emergency-oil-stockpile-anew

#inquirer
Hide Comments Comments (0)

You must login before you can post a comment.