Philippines receives first Russian oil shipment in five years

Hanoi, March 25 -- The Philippines has received its first shipment of Russian crude oil in five years as it seeks alternative sources amid concerns over disruptions to global energy supplies.

Multiple reports, citing analytics firms LSEG, Kpler and OilX, indicated that a tanker carrying 100,000 tonnes of ESPO blend crude from Russia's Kozmino port was bound for Petron's refinery in Bataan. Shipping tracker MarineTraffic showed that the Sierra Leone-flagged vessel Sara Sky, carrying the oil, arrived in Limay, Bataan, at 14:00 on March 24.

Reuters earlier reported that the Philippines was expected to import Russian oil this month as it seeks alternative supply sources amid fears of shortages, as Iran maintains control over the Strait of Hor...