Philippines' sole refinery buys nearly 2.5M barrels of Russian crude
The purchase was described as made out of "extreme necessity" in a stock exchange filing as Manila moves to replenish fast-dwindling fuel stocks.
The Philippines' only oil refinery has secured nearly 2.5 million barrels of Russian crude, a stock exchange filing revealed Monday. The company said the purchase was made out of "extreme necessity" as the country seeks to replenish fast-dwindling fuel reserves.