- Aramco to extend the brand, retail offers and Valvoline brand lubricants to select retail stations The Philippines
- The transaction represents additional progress in the strategic expansion of the global retail network of Aramco on the high value markets
Say, Saudi Arabia,, February 19, 2025 / Prnewswire / – Aramco, one of the main global companies of integrated energy and chemicals, has today signed final agreements to acquire a 25% participation in Unioil Petroleum Philippines, one of the largest companies oil of The Philippines.
The planned acquisition, which is subject to customary closing conditions, including regulatory approvals, aims to capitalize on the early growth of the high value fuels market The Philippines. It represents other progress in strategic expansion downstream from Aramco and the growth of its global retail network, which aims to guarantee additional points of sale for its refined products.
Yasser Mufti, executive vice-president of Aramco products and customers, said: “This investment represents another step forward in our global strategy to extend the retail network of Aramco, and we are impatient to introduce high -quality products and services from Aramco to customers The Philippines. Our international expansion aims to enter an additional value and improve our participation in dynamic savings, in collaboration with established partners. We are delighted to embark on the next stage of this trip with Unioil, a dynamic player in rapid growth Philippines Fuel market. “”
Unioil, an operator diversified downstream of fuel created in 1966, is one of the fastest growth and fastening storage companies The PhilippinesWith a network of 165 retail stations and four storage terminals in the country.
The announcement follows the previous retail acquisitions of Aramco in Chile And Pakistan. Once finished, Aramco intends to extend its brand, its competitive retail offers and the Valvoline brand lubricants to select The Philippines.
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As one of the world’s main global energy and chemical companies in the world, our world team is devoted to creating an impact in everything we do, the supply of crucial oil supplies to the development of new energy technologies . We focus on meeting our more reliable, more durable and more useful resources, helping to promote growth and productivity worldwide. https://www.aramco.com
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