Power Move

Unioil Petroleum Philippines Inc. has officially sealed a strategic partnership with Saudi Arabia’s state-owned energy giant Aramco, marking a major milestone for the Philippine fuel industry. Under the deal, Aramco acquired a 25-percent equity stake in Unioil, a move that strengthens both companies’ foothold in the fast-growing local energy market.

With nearly six decades of experience, Unioil is known as one of the country’s leading fuel distributors and a pioneer in cleaner fuel products. The new partnership grants Unioil access to Aramco’s global refining and logistics network, ensuring a stable fuel supply to meet rising demand in the Philippines while supporting national energy security.

Unioil CEO Janice Co Roxas-Chua called the agreement “a new chapter defined by innovation and excellence,” adding that the collaboration would allow the company to expand its reach and elevate customer service. President Kenneth Pundanera said the deal aligns with Unioil’s vision of becoming the fuel retailer of choice, highlighting the partnership as proof of global confidence in the Philippine market.

The Philippine Competition Commission earlier cleared the transaction, paving the way for this strategic alliance aimed at driving innovation, growth, and sustainability in the local energy sector.