Saudi Aramco is entering the Filipino retail market by buying 25% in “Uni Oil”

Saudi Aramco, one of the integrated and world leader in and chemicals, has signed final agreements to acquire a 25% stake in the “Uni Oil Petroleum”, one of the largest oil companies in the Philippines.
The planned acquisition process, which is subject to the usual closing conditions, including regulatory approvals, aims to benefit from the expected growth of the fuel market in.
More progress in the strategic expansion of Saudi Aramco in the refining, chemical and marketing sector, and the growth of its global retail network, which aims to secure additional outlets for its refined products.

Saudi Aramco products

Commenting on this, the CEO of the President of Products and Customers in Saudi Aramco, Yasser Mufti, said: “This acquisition is an additional step within our global strategy aimed at expanding our business sector in the retail sector.”
He continued: “With our presence in the Philippine market, we look forward to providing high -quality Saudi Aramco products and services to our new customers, and achieving added value at the international level, in addition to enhancing our participation in promising vital economies, and therefore we are pleased to start the next stage of this march with Uni company Oil; one of the distinguished companies in the fuel market in the Philippines.

The refining and chemical sector

Uni Oil, a diverse fuel operating company in the refining, chemicals and marketing sector, is one of the fastest retail, sentence and storage companies in the Philippines, founded in 1966, and today it has a network of 165 retail and four storage facilities in the country.
This announcement comes in the wake of the previous acquisitions carried out by Saudi Aramco in the retail sector in Chile and Pakistan.
Once these operations are completed, Saudi Aramco intends to provide its commercial brand, competitive retail performances and lubrication oils that carry the brand for Vollen to customers in the Philippines.