The initiative demonstrates Aramco’s dedication to introducing its brand and products to the Philippine market, further extending its global retail presence.
Dhahran, Saudi Arabia – On February 19, 2025, Aramco, a leading integrated energy and chemicals company, announced the acquisition of a 25% equity stake in Unioil Petroleum Philippines. The agreement was signed by Aramco Asia Singapore Managing Director Fai Aldossary and Unioil CEO Janice Co Roxas-Chua.
This strategic investment aims to capitalize on the anticipated growth of the high-value fuels market in the Philippines. It also represents a significant step in Aramco’s global retail expansion, providing additional outlets for its refined products.
“This investment represents another step forward in our global strategy to expand Aramco’s retail network,” said Yasser Mufti, Aramco Executive Vice President of Products & Customers. “We look forward to introducing Aramco’s high-quality products and services to customers in the Philippines.”
Unioil, established in 1966, is one of the fastest-growing retail, wholesale, and storage companies in the Philippines. It operates a network of 165 retail stations and four storage terminals across the country.
Following previous retail acquisitions in Chile and Pakistan, Aramco plans to extend its brand, competitive retail offerings, and Valvoline-branded lubricants to select retail stations in the Philippines upon completion of the transaction.
Source: Aramco
