Philippines seeks US waiver extension for Russian oil

The Philippines is currently seeking an extension from the United States on a sanctions waiver that allows the Southeast Asian nation to purchase oil and petroleum products from Russia. Energy Secretary Sharon Garin confirmed on Tuesday that the previous waiver expired on April 11, and the government is now awaiting a formal response from Washington. During a news briefing, Garin expressed optimism regarding the negotiations while emphasizing the need for energy security. > "We are awaiting their response, but we are very positive on getting this other window," Garin said. While the government remains hopeful for a favorable outcome, officials are also developing alternative supply strategies to mitigate potential disruptions. The push for Russian energy is part of a broader effort to diversify the country's energy portfolio, which is often influenced by global benchmarks such as Brent Crude Oil and West Texas Oil. Garin noted that the administration is exploring various international producers to ensure a steady supply. Potential partners include Colombia and Argentina in South America, as well as Canada and the United States. > "We wanted to open the Russian window because we want more options. We need diversification," she said. Philippine Ambassador to the United States Jose Manuel Romualdez previously indicated that Manila has been working closely with Washington to secure exemptions for obtaining oil from sanctioned countries. This diplomatic effort aims to shield the domestic economy from the volatility of international energy markets.