Seaoil inaugurates Php822 million oil depot in Zamboanga

On April 1, 2024, Seaoil, a leading independent fuel provider in the Philippines, celebrated the launch of its PHP822-million (USD14.6 million) oil depot in Zamboanga del Sur. This facility marks the company’s largest investment in the region and adds to its national network as the 13th oil storage depot.

Boasting the country’s most extensive network of terminals capable of importing fuel, Seaoil highlights that this new terminal can store up to 30.5 million litres. Its strategic location is complemented by three other Mindanao facilities in Santa Cruz, General Santos, and Irasan, all equipped for direct fuel imports. The Zamboanga facility elevates Seaoil’s total storage capacity to beyond 440 million litres.

The establishment of this depot ensures the availability of Seaoil’s range of fuel and lubricant products to both individual consumers and business clients in the region. Previously, supply for these areas was primarily routed through the company’s Irasan terminal.

Seaoil’s expansion efforts aim to enhance accessibility to its products and services nationwide, according to Stephen Yu, Seaoil’s COO and president for Commercial Business. He emphasised the company’s dedication to providing exceptional service and support, known as “Alagang Seaoil,” to its customers.

Additionally, the depot’s opening is expected to stimulate local economic growth, with Seaoil planning to initiate more Corporate Social Responsibility (CSR) activities in the community. These plans include implementing the Seaoil Foundation’s hunger relief program, “Tugon sa Gutom,” and possibly offering free training programs focused on tanker safety and marine environmental conservation.

Zamboanga del Sur is a province located in the Zamboanga Peninsula region of the Philippines. It is situated in the western part of the Mindanao island group in southern Philippines. Zamboanga del Sur holds significant economic importance in the region due to its diverse agricultural, fishing, and industrial activities.