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The APSA task force was created by the ASEAN Cooperation on Petroleum (ASCOPE) to study possible emergency policies, contingency plans, stockpiling system and implementing mechanisms in case of an oil crisis in the region.


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Philippine National Oil Co. (PNOC) president and chief executive officer Thelmo Cunanan said the Philippines will host a meeting of ASCOPE members in February 2002 to discuss the details of the proposed ASEAN Petroleum Security Agreement (APSA).


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PETROLEUM SECURITY AGREEMENT

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Philippine National Oil Co. (PNOC) president and chief executive officer Thelmo Cunanan said the Philippines will host a meeting of ASCOPE members in February 2002 to discuss the details of the proposed ASEAN Petroleum Security Agreement (APSA).


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Guingona seeks creation of stockpile of petroleum for emergency use

By Marvin Sy | October 31, 2010 - 12:00am

With the price of oil constantly fluctuating and no assurance of stable supply in sight, Sen. Teofisto Guingona III has proposed the creation of a stockpile of refined petroleum products which could be used in times...

Headlines

ASEAN needs to overcome economic challenges together: Brunei Sultan

March 2, 2009 - 10:01pm

KUALA LUMPUR (Xinhua) - Brunei Sultan Hassanal Bolkiah has stressed that the Association of Southeast Asian Nations (ASEAN) needs to work together to face the current economic challenges.

Reyes urges Asean mining firms to form joint ventures

By Donnabelle L. Gatdula | August 11, 2008 - 12:00am

Business

Task force drafts measures for oil supply security

April 21, 2002 - 12:00am

A task force for the ASEAN Petroleum Security Agreement (APSA) has drawn up a number of medium and long-term measures to further enhance cooperation among member countries regarding petroleum supply security. The...

Business

ASCOPE sets meet on energy pact

By Donnabelle L. Gatdula | November 7, 2001 - 12:00am

KUALA LUMPUR, Malaysia – Members of the ASEAN Council on Petroleum (ASCOPE) will meet early next year to fine-tune a proposed energy supply and security arrangement, a ranking Philippine energy official said. Philippine...

Business