The Department of Energy has prepared an Oil Contingency Plan for possible external supply disruptions, a government press release said.
This despite earlier DoE statements that the present unrest in the Middle East and North Africa is not seen to disrupt the local oil industry since the affected nations are not oil supply sources of the country, the press release said
Last year, the Philippines' crude oil importations were sourced from Saudi Arabia, United Arab Emirates, Qatar, Oman, and Iran.
The oil imports from the Middle East totaled 81 percent; from ASEAN, 12 percent; and Russia, 7 percent. Imported products were also mainly sourced from neighboring Asian countries, except for liquefied petroleum gas where 40 percent came from the Middle East countries Saudi, Qatar, and UAE.
The Oil Contingency is composed of three phases, including the prediction level, the preparation level and the performance level, the press release said.
These phases cover the spectrum of preparedness and response, it added.
The prediction level covers a pre-contingency scenario.
Activities in this phase include coordinating and alerting government agencies on developments, monitoring and making up-to-date assessments of the situation.
In the preparation level, the department will conduct preparatory activities in anticipation of a deteriorating situation to a higher level such as supply diversification, building up of oil inventories and foreign exchange, and securing of energy facilities.
In the performance level, meanwhile, the implementation of fuel allocation, rationing and conservation schemes are included in the plan.
The DoE has also prepared the mechanism for use during periods of possible allocation, the press release said.
The plan is now being reviewed and fine-tuned to be more relevant to present realities, the press release said.*