Aramco is deepening its presence in the Philippine downstream oil market as it bets on rising fuel demand and long-term consumer growth, underscoring its strategy of expanding its global retail footprint through local partnerships.
Unioil Petroleum Philippines Inc. has finalized a strategic partnership with global energy leader Aramco, marking a pivotal step toward deeper international integration in the country’s energy landscape.
Saudi energy giant Aramco has secured clearance from the Philippine Competition Commission (PCC) to acquire 25 percent stakes in Unioil Petroleum Philippines and Unioil Energy Pte. Ltd.