Petronas, Phoenix enter service station partnership in the Philippines
The MoU will allow Petronas to expand its footprint into the Philippines, and gives Phoenix access to more fuels.
Petronas and Phoenix Petroleum are partnering in the Philippines to boost operations in fuel retailing and associated technology solutions.
The Memorandum of Understanding (MoU) will give Phoenix access to Petronas’ branded fuels and fluid technologies while allowing the Malaysian oil company to expand its footprint into the Philippines.
“Petronas is excited at the prospect of delivering an elevated fuel experience to customers in the Philippines. From our winning fuels derived from the Fluid Technology Solutions to our state-of-the-art digital and sustainable solutions, we will continue to innovate our range of offerings to deliver a seamless experience to more road users around the world,” said Ahmad Adly Alias, VP of Refining, Marketing, and Trading Downstream Business at Petronas.
“Partnerships and collaborations between brands have been in fashion for some time now, and we’ve seen several that are especially effective in bringing together the best of two worlds. That’s what we’re doing with Petronas,” said Henry Albert Fadullon, President at Phoenix Petroleum.
The two companies entered into their first agreement in 2017 when Phoenix Petroleum acquired the entire LPG business of Petronas in the Philippines.
Petronas has presence in over 90 countries, including the largest retail footprint in Malaysia with 1,000 stations, while Phoenix Petroleum is a local company with close to 700 retail stations across the Philippines.
