The Philippines is pursuing a partnership with the United Arab Emirates (UAE) for the establishment of an oil storage facility that could serve as a regional hub for the Abu Dhabi National Oil Co. (ADNOC).

Sen. Erwin Tulfo, chairman of the Senate Committee on Energy, stressed the importance of maintaining a stable supply of oil and electricity in the country following a meeting with ADNOC officials in the UAE on Thursday, Oct. 29.

The meeting focused on ADNOC’s proposal to establish an oil storage facility in the Philippines, which would serve as the company’s regional oil hub.

The Philippine delegation expressed confidence that the proposed facility could be realized through cooperation between the two countries.

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