Petronas partners Phoenix to explore opportunity in Philippines
Malaysia’s Petronas and Davao City-based Phoenix Petroleum have signed a memorandum of understanding (MoU) to work together in the Philippines in the area of downstream marketing business and associated technology solutions, the Malaysian state-owned company said on March 23.
"The companies plan to come together to potentially create a unique experience, capitalising on high-quality fuels and innovative digital solutions," Petronas said. The collaboration would give Phoenix access to Petronas’ branded marketing offerings, including its fuel and fluid technologies while allowing Petronas to expand its footprint into the Philippines.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
The MoU marks the second collaboration between the two companies after their first agreement in 2017 when Phoenix Petroleum acquired Petronas’ entire LPG business in the Philippines now owned by the company’s subsidiary, Phoenix LPG Philippines.