World's largest oil company is coming back to Philippines this July
Saudi Aramco is set to launch its own branded retail fuel stations in the Philippines, marking the global oil giant’s direct return to the country’s downstream consumer market after a 17-year absence.
An official “Aramco Stations Philippines” social media page surfaced recently, issuing online teasers regarding the company’s retail entry. The digital page lists its location at the corporate offices of its local partner, Unioil Petroleum Philippines Inc.
Kenneth C. Pundanera, president of Unioil, confirmed the legitimacy of the online channel but declined to provide further details.
While representatives for Aramco did not immediately respond to requests for comment, a Unioil representative confirmed that the country's first Aramco-branded service station will open along Sucat Road in Parañaque on July 16. The location is an existing Unioil station that is undergoing a brand conversion.
The retail expansion follows Aramco's acquisition of a 25 percent equity stake in Unioil, a transaction that secured regulatory clearance from the Philippine Competition Commission before formally closing.
Industry sources indicated the Dhahran-based energy giant has committed approximately ₱4 billion to fund the downstream expansion, which includes scaling Unioil’s network of 165 retail stations and boosting fuel storage infrastructure.
As part of the broader rollout, select local stations will feature Aramco’s specialized fuel products alongside Valvoline-branded lubricants.
The move is a comeback for the world’s largest oil producer, which exited the Philippine downstream sector nearly two decades ago when it divested its 40 percent stake in Petron Corp., the country's largest refiner.
Analysts noted that Aramco’s return signals renewed institutional confidence in the economic trajectory and energy demand of the Philippines.
The state-backed oil exporter has been aggressively pursuing international downstream investments to secure long-term captive markets for its crude and refined products. It recently completed similar retail network acquisitions in Chile and Pakistan.
While broader energy markets face heightened volatility, Aramco previously reported a 25 percent surge in first-quarter net income to ₱1.89 trillion, driven by strong operational performance and shifts in global crude supply.