Unioil Petroleum Philippines, Inc. has entered a new phase of growth as Saudi Aramco, one of the world’s largest integrated energy companies, completed the acquisition of a 25% equity stake in the local fuel firm.
The strategic investment aims to bolster Unioil’s fuel supply security, support its expansion in retail and wholesale markets, and reflect growing investor confidence in the Philippine energy sector.
Through this partnership, Unioil will gain access to Aramco’s extensive expertise in refining, supply, and logistics, ensuring a more stable and efficient fuel supply chain for Filipino consumers.
Unioil President Kenneth C. Pundanera said the partnership reinforces the company’s long-term vision of becoming the “fuel retailer of choice” in the country. “Aramco’s investment marks a new milestone for Unioil as we continue to focus on growth, innovation, and customer service,” he said.
Chief Executive Officer Janice Co Roxas-Chua welcomed Aramco as a strategic partner, emphasizing Unioil’s strengthened commitment to sustainable and cleaner energy solutions.
The collaboration is expected to enhance Unioil’s operational capacity, expand its market presence, and contribute to the Philippine government’s energy security and economic growth objectives.
By combining Unioil’s deep local market experience with Aramco’s global capabilities, the partnership is set to deliver more reliable, innovative, and sustainable energy solutions for consumers across the country.
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