SEAOIL seals partnership with Caltex Australia

The Australian company will acquire 20% interest in SEAOIL.

The strategic partnership between SEAOIL Philippines, the country’s largest independent fuel player, and Caltex Australia Ltd was recently sealed with a contract signing.

In the agreement with one of the region’s largest independent downstream fuel companies, SEAOIL will be managing their fuel supply via Caltex Australia’s fuel trading and shipping business, Ampol Singapore.

SEAOIL is aiming at increasing their market share locally as well as expanding new business lines and introducing new products in the region.