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Phoenix Petroleum, Cebu Pacific renew supply agreement for jet fuel

Phoenix Petroleum and Cebu Pacific renew their supply agreement for jet fuel. Phoenix Petroleum President and CEO Dennis Uy (2nd from right) and Cebu Pacific President and CEO Lance Gokongwei (2nd from right) sign the agreement on January 23, 2018, with SPTT Director Romy De Guzman (left) and Cebu Pacific Vice President Joseph Macagga.

Leading independent oil company Phoenix Petroleum Philippines and the country’s leading airline Cebu Pacific recently renewed their supply agreement for jet fuel, continuing a decade-long partnership.

Phoenix Petroleum through its subsidiary, Subic Petroleum Trading & Transport Phils, Inc. (SPTT), will supply Cebu Pacific with Jet A1 fuel. This is in addition to the hauling and into-plane services that Phoenix provides the airline as its exclusive logistics provider in Mindanao.

“We thank Cebu Pacific for their continued trust in Phoenix Petroleum, and are proud to serve them in more destinations as their and their customers’ partner in their journeys,” said Phoenix Petroleum President and CEO Dennis Uy.

Phoenix Petroleum has been serving Cebu Pacific since 2005 when the oil company was just starting in Davao City.

Cebu Pacific President and CEO Lance Gokongwei said, “Our 13 years of partnership was created from our shared values. I admire Phoenix Petroleum’s solid management team, their attention to processes, and their values. There is pride in this company, and it is the kind of company we like to partner with.”

Phoenix Petroleum is a publicly-listed and the leading independent oil company in the Philippines. It is engaged in the trading and marketing of refined petroleum products, including LPG, and lubricants, operation of oil depots and storage facilities, hauling and into-plane services. It has over 500 retail stations nationwide and serves major accounts in various industries such as power, shipping, logistics, manufacturing, construction, and transportation.

Phoenix has expanded to the convenience retailing business with its acquisition of Philippine Family Mart, and is set to enter the bitumen business through a joint venture with TIPCO Asphalt of Thailand and PhilAsphalt.

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