HOUSTON, TEXAS (Editors at Energy Analytics Institute, 19.Feb.2025) — Aramco signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines.
The acquisition aims to capitalize 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 company said 19 Feb. 2025 in an official statement.
