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PH CRUDE OIL STORAGE FACILITY PUSHED
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PH CRUDE OIL STORAGE FACILITY PUSHED
Senator Chiz Escudero has filed Senate Bill No. 1993 which seeks to establish a government-owned crude oil tank storage facility to better position the country in dealing with oil crisis and ensure fuel security. The Philippines imports about 90 to 95 percent of its crude oil and refined petroleum needs, making it highly vulnerable to external shocks, and Escudero said this situation underscores the need for the country to establish a crucial pe…
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