Unioil, Aramco seal strategic partnership in the Philippines

Aramco now holds a 25% equity stake in Unioil

Earlier this year, Saudi oil giant Aramco announced it would be returning to the Philippine market with Unioil. Back in February, Aramco signed a definitive agreement to acquire a 25% equity stake in Unioil Petroleum Philippines as part of its global retail strategy network. The deal will also see Unioil introduce Aramco and Valvoline products through its retail stations.

Fast forward to November 2025, Unioil Petroleum Philippines is proud to announce the successful closing of its strategic partnership with Aramco. With the transaction completed, Aramco now officially holds a 25% equity stake in Unioil, marking the beginning of a transformative collaboration that not only strengthens Unioil’s position in the market but also ushers in a new era for the Philippine energy sector.

“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, CEO of Unioil.

With Aramco's world-class refining, supply, and logistics network, Unioil gains access to a reliable source of fuel supply to meet the country's growing demand. The partnership also 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.

“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,” shared Kenneth C. Pundanera, president of Unioil.

Last but not least, the strategic investment serves 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.

With Unioil's 59-year legacy as one of the top fuel distributors in the Philippines that operates a nationwide network of filling stations & storage facilities, expect Aramco to make use of Unioil's assets in the country.