The Russian Ambassador Vitaly Vorobiev announced that they are planning to speak to local energy officials with regards to their plan to install an Oil Refinery, Storage Facilities and to make the Philippines their hub for the distribution of Oil to South East Asian Countries. This is so that they can compete competitively with their middle east counterparts who are supplying majority of the Oil in this region. The benefits of course are profits to them and cheaper oil for South East Asia.
- Imagine hundreds or thousands of tanker ships travelling to the Philippines every month, enough to supply the countries of South East Asia. The potential of another Guimaras Spill are greater with the environmental impact more intense. Considering that the Guimaras Spill was caused by a tanker delivering bunker fuel to a power plant, these tankers will be delivering Oil to Oil Refineries.
- Selfish as it may seem, but cheaper oil in this region could spell the death of the emerging biofuel industry. But yeah, that does sound kinda selfish of me.
I hope that they guarantee that they will make doubly sure to prevent another Guimaras Oil from happening on their end as well as taking Corporate responsibility if it does happen.
Article here
Category: Oil
