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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 134 - REQUIRING
OIL COMPANIES AND BULK SUPPLIERS TO MAINTAIN A SUFFICIENT MINIMUM
INVENTORY OF PETROLEUM, FOR PURPOSES OF ENSURING CONTINUITY, ADEQUACY
AND STABILITY OF CRUDE AND FUEL SUPPLY
WHEREAS,
the Philippines has, pursuant to a program of diversifying fuel sources
for power generation, reduced its dependence on fossil fuels for power
requirements;
WHEREAS, the above development notwithstanding, the country is still
largely dependent on imported oil for the transportation sector;
WHEREAS, recent and prevailing domestic and international events, such
as the escalating tensions and conflicts obtaining in Middle Eastern
countries, have highlighted the need for the country to adopt and
implement prudent initiatives to ensure continuous, adequate and stable
supply of petroleum products in response to imminent and actual threats
to our petroleum supply;
WHEREAS, under the Downstream Oil Industry Deregulation Act of 1998 (RA
8479), in relation to the Department of Energy Act of 1992 (RA 7638),
the Secretary of Energy is authorized to exercise such powers
concomitant with the policy of ensuring continuous, adequate and stable
supply of energy, in respect of the conservation, stockpiling and
storage of energy resources.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order:
Section 1.
Sec. 2.
(i)
(ii)
(iii)
Sec. 3.
Sec. 4.
Sec. 5.
DONE in the City of Manila,
this 14th day of October, in the year of our Lord, Two Thousand and Two.
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Since 19.07.98.