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Manila Times Business

Marcos: PH yet to seal Russia oil deal due to 'geopolitical considerations'

MANILA, Philippines — President Ferdinand Marcos Jr. said that the Philippines has not yet reached an oil importation deal with Russia, citing geopolitical factors and other complexities that continued to shape discussions between the two countries. Speaking to reporters in Kazan, Russia on Thursday, Marcos said that negotiations on a possible long-term petroleum supply arrangement remained ongoing. "In terms of energy that there have been no firm agreements, but merely an understanding th

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Source: manilatimes.net

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