The world’s biggest oil firm on Thursday signed definitive agreements to buy a 25% equity stake in one of the largest petroleum companies in the Philippines, Unioil Petroleum Philippines.

Unioil, a Filipino company founded in 1966 by the Co family, has been a significant player in the Philippine lubricants market for decades. It began its journey as a re-refiner of base oil and ...

MANILA, Philippines — Less than a week after the group welcomed Saudi oil giant Aramco, Unioil of Co family expects another boost—this time for its lubricant business. In a statement on ...

In 1994, Unioil partnered with Japanese oil firm Idemitsu to be the exclusive and licensed distributor of the latter’s products in the Philippines. “With this (latest) joint venture agreement ...

Saudi Aramco to acquire 25% stake in Unioil Petroleum Philippines Saudi Arabia's Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a ...

MANILA, Philippines — Saudi oil giant Aramco is returning to the Philippine market after nearly two decades, this time via a buyout of a 25-percent stake in the Co family-led Unioil Petroleum ...

MANILA, Philippines — Saudi oil giant Aramco plans to revive its presence in the Philippine market by acquiring a 25-percent stake in Unioil Petroleum. Aramco is known as one of the leading ...

Aramco Asia Singapore Managing Director Fai Aldossary, sitting right, signs the agreement with Unioil CEO Janice Co Roxas-Chua, sitting left. Standing, from left, are Aramco Trading Vice President ...

Saudi Aramco, the national oil company of Saudi Arabia, has signed a definitive agreement to acquire a 25% stake in Unioil Petroleum Philippines, one of the largest oil companies in the Philippines.

Established in 1966, Unioil is a downstream fuels operator with a network of 165 retail stations and four storage terminals in the Philippines, the statement said. The deal follows Aramco's ...