Unioil Petroleum Philippines Inc. announced Friday the successful closing of its strategic partnership with Saudi Arabia’s state-owned firm Aramco, one of the world’s leading integrated energy and chemicals companies.
Aramco now holds a 25-percent equity stake in Unioil, marking the beginning of a collaboration that strengthens Unioil’s position and ushers in a new era for the Philippine energy sector.
The partnership gives Unioil access to Aramco’s world-class refining, supply and logistics network, providing a reliable source of fuel supply to meet the Philippines’ growing demand.
This enhances Unioil’s ability to support the country’s energy security and economic development.
“We are thrilled to officially welcome Aramco as our strategic partner,” said Unioil chief executive Janice Co Roxas-Chua.
“This marks a new chapter in Unioil’s journey—one defined by innovation, excellence, and a deepened commitment to serving our customers and communities across the Philippines. With Aramco’s partnership, we are confident in our ability to scale our operations, drive innovation, and strengthen our leadership in the wholesale and retail fuels market,” said Roxas-Chua.
Unioil, a top fuel distributor and retailer with a 59-year legacy, operates a nationwide retail network and storage facilities and is recognized for introducing cleaner and more advanced fuel products to Filipino consumers.
The partnership is expected to accelerate Unioil’s growth, expand its operational capabilities, and reinforce its commitment to delivering high-quality fuel solutions nationwide.
“The strategic investment by Aramco is fully aligned with our ambition to be the fuel retailer of choice,” said Unioil president Kenneth Pundanera.
“This partnership empowers us to elevate our service standards, expand our reach, and deliver top-tier fuel solutions to Filipino motorists. It also affirms the strength of our business and the potential of the Philippine market to attract world-class partners. We look forward to growing together and building a future of shared success,” he said.
The investment also stands as a strong vote of confidence in Unioil as a resilient, forward-thinking company and in the Philippines as a dynamic and promising market.
Aramco signed definitive agreements in February to acquire the stake in Unioil. At that time, Aramco executive vice president of products and customers Yasser Mufti said the investment represents another step forward in its global strategy to expand Aramco’s retail network.
