3 weeks Phoenix sets sights on Southeast Asian expansion with Indonesian deal Inquirer
Dennis Uy-led Phoenix Petroleum Philippines, Inc. will partner with a subsidiary of Indonesia's state-owned oil and gas company for "fuel product supply and other trading activities" between the two countries. In a disclosure to the stock market, Phoenix said it would enter into a strategic partnership with Pertamina International Marketing and Distribution Pte. Ltd., a Singapore-based subsidiary of state-owned PT Pertamina Indonesia. The listed firm said this was part of its growth plans in Southeast Asia. The Singapore office opened in 2019, marking the return of Pertamina to the city-state after its previous office there was shut down in 2015 ... more