August 09, 2020

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Phoenix Petroleum Philippines

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Phoenix Petroleum Philippines wants to expand to regional markets

Phoenix Petroleum Philippines Inc. plans to expand its operations in the region, including Vietnam, Indonesia, Myanmar, Thailand, and Australia. Phoenix Petroleum is seeking approval from its shareholders to form a new wholly-owned subsidiary in Singapore, PNX Energy International Holdings Pte. Ltd. (PEIH), which will manage the company’s foreign investments, including expansion of related business activities […]

February 13, 2019
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Phoenix Petroleum to expand oil depots and terminal facilities in Philippines

Independent oil marketer Phoenix Petroleum Philippines Inc. is infusing an additional PHP507.93 million (USD9.4 million) in capital into three wholly owned subsidiaries to expand its oil depots and terminal facilities in the Philippines. “The capital infusion shall correct capital deficiencies in the subsidiaries as well as for expansion of their respective operations,” Phoenix Petroleum said. […]

October 2, 2018
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Phoenix Petroleum to focus on core petroleum business with sale of shipping and industrial park units

Phoenix Petroleum Philippines, Inc. (PNX) has approved the sale of its shipping and industrial park businesses to its parent company Udenna Group. The assets which will be divested from its petroleum business include Chelsea Shipping Corporation and Phoenix Petroterminals and Industrial Park Corporation, which have an estimated value of  PHP 3 billion and 3.5 billion (USD […]

September 9, 2016