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Int’l body says removing Solar’s oil could cost up to $12M

October 13, 2006

By Nestor P. Burgos Jr.
Inquirer, Oct. 12, 2006

ILOILO CITY – The cost of pumping out the remaining bunker fuel from the sunken tanker Solar I would run from $8 million to $12 million, said an official of the International Oil Pollution Compensation Fund (IOPCF).

Joe Nichols, IOPCF deputy director, said in a press conference here Wednesday that the actual cost would be known after six companies that have the capacity to undertake the operation submit their tenders.

The recommendation to pump out the estimated 1.7 million liters of oil from the tanker will be tackled during the IOPCF executive committee meeting on October 23-27 in London.

Nichols said he has made a “strong” recommendation that the remaining oil be removed and the cost covered by the IOPCF.

“I am 99.99 percent certain that the answer would be yes,” said Nichols.

(For the full story, click Int’l body.)

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