Unioil bullish on expansion after closing Aramco deal
‘With Aramco’s partnership, we are confident in our ability to scale our operations, drive innovation and strengthen our leadership in the wholesale and retail fuels market.’ Saudi Aramco has re-entered the Philippine energy market after more than a decade, acquiring 25 percent stakes in both Unioil Petroleum Philippines Inc. and Unioil Energy Pte. Ltd.
At the contract signing ceremony formalizing the partnership between Unioil and Aramco are (seated, from left) Janice Eunicia Co Roxas-Chua, CEO of Unioil Petroleum Philippines Inc., and Nader Al Douhan, director of International Retail, Aramco. At the back, standing (from left) are Amr T. Daiel, director of Downstream Transaction Development, Aramco; Ziyad Al Juraifani, vice president of Retail, Aramco; Yasser M. Mufti, executive vice president for Products & Customers, Aramco; Jamie Tan, CFO of Unioil Petroleum Philippines Inc.; and Geminesse Co, managing director of Unioil Energy Pte. Ltd.
Photograph courtesy of Unioil