RP offers Subic as Libyan oil storage

RP offers Subic as Libyan oil storage

MANILA: The Philippines has offered the former U.S. naval base
at Subic Bay, north of Manila, as a storage facility for Libyan
oil bound for Asian distribution, the foreign department said on
Wednesday.

The proposal was made by Foreign Secretary Delia Albert, who
is on an official trip to Tripoli, during a meeting with Abdullah
Salem el-Badri, chairman of state-run National Oil Corporation of
Libya, it said.

El-Badri said after the U.S. government lifted economic
sanctions on Libya, a number of foreign corporations began
looking at exploration and energy projects there.

"I suggested to Mr. El-Badri the availability of storage
facilities in the Philippines, especially at Subic, for Libyan
oil exports to Asia. He assured me that this proposal would be
considered in the long term," Albert said in a statement. -- AFP