Aramco buys 25% of Unioil fuel retailer in the Philippines

Saudi Arabia

PASIG, November 10, 2025 – Saudi Aramco has closed the acquisition of a 25% equity stake in Unioil Petroleum Philippines, a fuel storage and distribution company, Unioil announced on Friday.

Unioil operates a nationwide retail network of 165 petrol stations and four storage terminals, and is recognised as a pioneer in the distribution of cleaner fuels in the Philippines.

“We are thrilled to officially welcome Aramco as our strategic partner. 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 Janice Co Roxas-Chia, CEO of Unioil.

The acquisition, first announced in February 2025, furthers Aramco’s strategy to grow in high-value fuels markets and secure outlets for its refined products. The company has also acquired retail assets in Chile and Pakistan.

With the deal, Unioil gains access to stable fuel supplies, Aramco’s Valvoline-branded lubricants in select stations and support for the growth of its network amid rising fuel demand in the Philippines.

Photo courtesy of Unioil

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