Photo courtesy of Philstar

The Philippines has received its first shipment of Russian crude oil in five years, marking a significant move to diversify its energy sources. The tanker, carrying 100,000 tonnes of ESPO blend crude from Russia's Kozmino port, arrived at Petron's refinery in Bataan this week. This decision follows concerns over supply disruptions due to tensions in the Strait of Hormuz, affecting the country's traditional reliance on Middle Eastern oil.

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The arrival of the oil comes amid ongoing discussions between the Philippine government, private firms, and Russian suppliers. As the conflict between Iran and the United States raises concerns over Middle Eastern supply routes, the Philippines is seeking alternative sources. Energy Secretary Sharon Garin and President Ferdinand Marcos Jr. have confirmed efforts to secure oil from Russia and other potential suppliers like China and regional neighbors.

President Marcos Jr. has taken steps to address these supply challenges, announcing a national energy emergency. This executive order enables faster government response to fuel shortages, including expedited procurement and advance payments for oil contracts. The measures aim to stabilize fuel availability and prices as global tensions continue to impact energy markets.

The current geopolitical climate, such as the lifting of certain US sanctions on Russian oil for 30 days, has facilitated this purchase. The Philippines is also exploring options with suppliers in Thailand, Japan, and Singapore to ensure a steady supply of crude oil.

Looking forward, the Philippines will continue diversifying its oil sources to mitigate risks associated with Middle Eastern instability. As the executive order remains in effect for a year, the government's strategy includes enhancing procurement processes and securing essential goods' distribution, reported Philstar.

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  Adapted by ASEAN Now · Philstar · 25 Mar 2026

2 minutes ago, snoop1130 said:

The Philippines is also exploring options with suppliers in Thailand

What? Thailand can't supply its own domestic needs.