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Marcos Says Philippines-China Oil Deal Possible Before 2028

8/15/2026

Summary

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President Ferdinand Marcos Jr said the Philippines and China could sign an oil-and-gas exploration deal before his term ends in mid-2028.
He said talks have progressed as Manila seeks energy security during supply disruptions and oil prices.
Marcos confirmed an understanding on resupply missions to the BRP Sierra Madre at Second Thomas Shoal, ruled out U.S. forces using the Philippines against China, and said China remains an investor, “our friend.”

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Story summary

President Ferdinand Marcos Jr said the Philippines and China could sign an oil-and-gas exploration deal before his term ends in mid-2028.
He said talks have progressed as Manila seeks energy security during supply disruptions and oil prices.
Marcos confirmed an understanding on resupply missions to the BRP Sierra Madre at Second Thomas Shoal, ruled out U.S. forces using the Philippines against China, and said China remains an investor, “our friend.”