PETRONAS inks MoU with Philippines' Phoenix Petroleum

From left: PETRONAS’ head of retail brand licensing and solutions Badrul Hisham Mahmud and vice-president of refining marketing and trading Ahmad Adly Alias, and Phoenix Petroleum founder, chairman, director and chief strategy officer Dennis Uy and president and CEO Henry Albert Fadullon

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have signed a memorandum of understanding (MoU) to explore a partnership in downstream marketing business and associated technology solutions in the Philippines.

In a statement, PETRONAS said the collaboration would give Phoenix access to PETRONAS’ branded marketing offerings, including its fuel and fluid technologies, while PETRONAS would expand its footprint into the Philippines.