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November 9, 2025

Aramco Closes Deal To Take 25 Percent Stake In Unioil


After announcing it early this year, it’s official: Saudi Arabia’s Aramco now holds a 25 percent equity stake in Unioil. The successful closing of this strategic partnership marks the beginning of a collaboration that strengthens Unioil’s position in the market while also ushering in a new era for the Philippine energy sector.

Unioil, with its 59-year legacy, is one of the top fuel distributors and retailers in the Philippines. The company operates a nationwide retail network and storage facilities, and it is widely recognized as a pioneer in introducing cleaner and more advanced fuel products to Filipino consumers.

Now, with Aramco’s world-class refining, supply, and logistics network, Unioil gains access to a reliable source of fuel supply to meet the Philippines’ growing demand. This partnership enhances Unioil’s ability to support the country’s energy security and economic development, and it is also expected to accelerate Unioil’s growth trajectory, expand its operational capabilities, and reinforce its commitment to delivering high-quality fuel solutions nationwide. More importantly, this strategic investment stands as a strong vote of confidence in Unioil as a resilient, forward-thinking company with a proven track record of innovation and integrity, and in the Philippines as a dynamic and promising market.

“We are thrilled to officially welcome Aramco as our strategic partner. 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 Janice Co Roxas-Chua, Chief Executive Officer, Unioil.

“The strategic investment by Aramco is fully aligned with our ambition to be the fuel retailer of choice. 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,” said Kenneth C. Pundanera, President, Unioil.

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