The Marina plans to release P33 million from its oil pollution management fund this week to finance the oil spill cleanup in Oriental Mindoro after an oil tanker capsized in the area. | TyronePiad /PDI
As of end-February, the OPMF stood at P70 million, Aledo said.
The OPMF is a revolving fund established by the Oil Pollution Compensation Act of 2007. The fund is comprised of “contributions of owners and operators of tankers and barges hauling oil and for petroleum products in Philippine waterways and coast wise shipping routes.” The MT Princess Empress was carrying 800,000 liters of industrial oil when it sank off the coast of Naujan, Oriental Mindoro, on Feb. 28.
The PCG recently reported that it had recovered 6,804 liters of oily water mixture and 65 sacks of oil-contaminated materials during its offshore operations from March 1 to March 17. INQSubscribe to our daily newsletter
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