Published
June 30, 2017, 10:00 PM By Myrna M. Velasco
Industry players in
Cebu and the entire Visayas region are up for more intense competition with the
commercial opening of the storage facility of publicly listed Phoenix Petroleum
Philippines, Inc. in the area.
The newest terminal,
the company has disclosed in a press statement, is located in Consolacion,
Cebu. This effectively amplified further the portfolio of the company in the
deregulated downstream oil industry.
At 15 million liters in
capacity, the oil firm would be able to shore up its products handling of more
massive scale diesel, gasoline, jet fuel, industrial fuel oil and special fuel
oil that it could channel to targeted customers.
Phoenix Petroleum
President Dennis Uy emphasized that “the opening of our new terminal
strengthens our foothold in the Cebu fuels market and improves our supply
reliability in serving the needs of our commercial and retail businesses in the
greater Visayas.”
He qualified that this
component of business expansion, “is part of our commitment to be indispensable
partner to our customers.”
The depot, the oil firm
further noted “was built to better serve the fuel and lubricant needs of the
growing Phoenix retail network and of various commercial customers.”
The array of end-users
the company has been eyeing to cater to would be those in the: Shipping,
airlines, mass transportation, construction as well as other industries
operating in the Visayas region.
Phoenix Petroleum is
still continuously broadening its retail network in various parts of the
country – geographically diversifying it from preliminary massive build-up in
Mindanao.
Over the years, it had
already grown considerably in Luzon; while it had taken more gradual steps on
Visayas growth.
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