#Filoil Energy
TotalEnergies assures continued Philippine operations after fuel business sale
French firm TotalEnergies has confirmed the sale of its downstream oil retail network to Filoil Corp. of businessman Raffy Villavicencio, but it indicated that it will continue its fuel trading activities as well as planned foray into renewable energy (RE) investments.
French firm TotalEnergies to take its exit from Philippine oil market
The tides are turning in the deregulated downstream oil industry, as French multinational TotalEnergies is reportedly taking its exit from the Philippine downstream oil industry, with its planned asset sale to the Villavicencio group.