PH needs P30B to build fuel reserve facilities

MANILA, Philippines – The government needs about P30 billion to build national fuel reserve facilities citing vulnerabilities exposed by the oil crisis, according to the energy chief said. On Thursday, Department of Energy (DOE) Secretary Sharon Garin said that around P5 billion is required to develop one tank that could carry one million barrels, a capacity that could last for five days. READ: Japan backs PH bid to strengthen fuel reserve system The agency, she noted, is targeting to have an infrastructure that could store supply enough for 30 days. Currently, industry players follow approximately 15 days of mandatory stock […]... Keep on reading: PH needs P30B to build fuel reserve facilities