PETRONAS inks MoU with Phoenix

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 joint statement, the parties said under the MoU, PETRONAS and Phoenix would conduct a joint feasibility study to take the collaboration to the next phase of execution.

According to PETRONAS, the collaboration will give Phoenix access to its branded marketing offerings, including its fuel and fluid technologies while national oil company will expand in the Philippines.