Aramco Expands into the Philippines with Unioil Stake

25% acquisition marks Aramco’s Southeast Asia retail entry

Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, marking a major step in its global downstream expansion strategy.

Strategic Growth in Southeast Asia
The acquisition, pending regulatory approvals, positions Aramco to tap into the Philippines’ high-value fuels market, reinforcing its commitment to international retail growth.

Yasser Mufti, Aramco’s Executive VP of Products & Customers, highlighted the investment’s significance:

✅ Retail Expansion – Strengthening Aramco’s global presence with entry into a fast-growing market.
✅ Premium Offerings – Plans to introduce Aramco-branded fuels and Valvoline lubricants to select stations.
✅ Proven Local Partner – Unioil, a leading fuels operator since 1966, boasts 165 retail stations and four storage terminals.

With recent expansions in Chile and Pakistan, Aramco continues to grow its global retail footprint, bringing high-quality products and services to new markets.