Philippines: Phoenix Petroleum Oil Depot Opened

Phoenix Petroleum Philippines Inc. will start the commercial operations next week of its 50-million liter terminal within the Batangas Union Industrial Park in Calaca, which it bought from the Phinma Group for P680 million.

                                                                                Romeo de Guzman, Phoenix Petroleum chief operating officer, told reporters that the terminal would support the company’s projected retail station growth, especially in Luzon.  “We have opened nine stations in Luzon. Now, we have 103 stations nationwide. We expect 11 more stations for Luzon on or before year-end. Nationwide, that will be additional 25 stations by end of the year,” De Guzman said.

Each station costs about P6 million to P8 million with an area of about 1,000 to 1,500 square meters. Dealer-owned stations, on the other hand, cost less at around P3 to P5 million to construct (excluding landsite cost). De Guzman said the first shipment of around five to 10 million liters would be delivered to the Calaca terminal by end of the month or early August. Phoenix sources its supply from Taiwan and Singapore.

Phoenix Petroleum has close to 100 service stations, mostly in Visayas and Mindanao. It is one of the few oil companies with a terminal that has safety features that follow international and industry standards.  Phoenix Petroleum started as a family venture and has successfully transitioned into one of the more prominent companies engaged in the trading and distribution of petroleum products in Mindanao.

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