July 3, 2017 [Manila Bulletin] - Industry players in Cebu and the entire Visayas region are up for more intense competition with the commercial opening of the storage facility of publicly listed Phoenix Petroleum Philippines, Inc. in the area.
The newest terminal, the company has disclosed in a press statement, is located in Consolacion, Cebu. This effectively amplified further the portfolio of the company in the deregulated downstream oil industry.
At 15 million liters in capacity, the oil firm would be able to shore up its products handling of more massive scale diesel, gasoline, jet fuel, industrial fuel oil and special fuel oil that it could channel to targeted customers.
Phoenix Petroleum President Dennis Uy emphasized that “the opening of our new terminal strengthens our foothold in the Cebu fuels market and improves our supply reliability in serving the needs of our commercial and retail businesses in the greater Visayas.”
He qualified that this component of business expansion, “is part of our commitment to be indispensable partner to our customers.”
The depot, the oil firm further noted “was built to better serve the fuel and lubricant needs of the growing Phoenix retail network and of various commercial customers.”
The array of end-users the company has been eyeing to cater to would be those in the: Shipping, airlines, mass transportation, construction as well as other industries operating in the Visayas region.
Phoenix Petroleum is still continuously broadening its retail network in various parts of the country – geographically diversifying it from preliminary massive build-up in Mindanao.
Over the years, it had already grown considerably in Luzon; while it had taken more gradual steps on Visayas growth.
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