February 20, 2025 [Iran Oil Gas]- Aramco has signed definitive agreements to acquire a 25 per cent equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines.
The planned acquisition, which is subject to customary closing conditions including regulatory approvals, aims to capitalise on anticipated growth of the high-value fuels market in the Philippines.
It represents further progress in Aramco’s strategic downstream expansion and growth of its global retail network, which aims to secure additional outlets for its refined products.
The announcement follows Aramco’s previous retail acquisitions in Chile and Pakistan. Upon completion, Aramco intends to extend its brand, competitive retail offerings and Valvoline-branded lubricants to select retail stations in the Philippines.
TankTerminals.com is a market research platform with operational, infrastructural and contact details of more than +9,105 tank terminals and +5,000 production facilities worldwide.
A total of 106 tank terminals and production facilities are owned or co-owned by Saudi Aramco.
Tank terminals: 25 > Tanks: 662 Berths: 66. Avg. Berth Capacity: 298k Avg. Tank Size: 30k. Total storage capacity: 19,698,715m3
81 production facilities >: Petroleum refineries: 13 Chemical sites: 44 Olefin plants: 14 Other sites: 9 Vegetable oil plants: 1
