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Philippines seeks UAE partnership for strategic oil hub by 2027

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Gulf News
“Philippines seeks UAE partnership for strategic oil hub by 2027”

MANILA: The Philippine government is seeking a partnership with the United Arab Emirates (UAE) to build a strategic oil storage facility that could position the country as a regional energy hub and reduce its exposure to global price shocks. Senate Energy Committee Chairperson Erwin Tulfo said discussions were held with Abu Dhabi National Oil Co. (ADNOC) in Abu Dhabi on Oct. 29, local media reported. The proposed facility, following the UAE-Philippines Comprehensive-Economic Partnership…

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