Tuesday 19 February
Feb 14, 2018 @ 11:05

Phoenix to expand network to close to 600 stations in 2018


Phoenix Petroleum Philippines Inc. foresees a rosy prospect for this year as it targets to put up 50 to 60 more gasoline stations throughout the country within the year, adding to its 530 stations.

?(These are) all over the country, but of course we look for strategic locations which will generate the best returns so key cities, key areas. We are looking for sites to put up these stations,? Phoenix Chief Operating Officer Henry Albert Fadullon said in an interview.

Phoenix is engaged in the trading and marketing of refined petroleum products, including liquefied petroleum gas (LPG) and lubricants, operation of oil depots and storage facilities, hauling and into-plane services.

Aside from its expanding retail network, it also serves major accounts in various industries such as power, shipping, logistics, manufacturing, construction and transportation.

Phoenix Petroleum has also expanded to the convenience retailing business with its acquisition of Philippine Family Mart, and is set to enter the bitumen business through a joint venture with TIPCO Asphalt of Thailand and PhilAsphalt.

?We continue to be alert for opportunities in terms of business. If there is an opportunity, we will look into it, review it, study it and if there is a business opportunity, we?ll take on it,? added Fadullon. (PNA)

Please follow and like us:

Tags: , , , , , ,

Related Stories
Phoenix Petroleum Philippines Inc. has entered into a joint venture with TIPCO Asphalt Public Co.
MANILA -- The Philippine economy further cemented its position as one of Asia’s top performers
Los Angeles-based Monique Lhuillier was just too happy to meet fellow fashion designer Princess Sirivannavari
Two Filipinas will be gracing the Miss Universe 2018 coronation night which will be held


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.