As of December 19, 2018 3:20 PM PNX Petroleum Last Trade Price: 10.94 % Change: 2.43 Volume: 16,400 Symbol: PNXFind a Station

Phoenix Petroleum, Cebu Pacific renew supply agreements

Leading independent oil company Phoenix Petroleum Philippines and leading carrier Cebu Pacific recently renewed their Jet A-1 fuel supply and fuel handling services agreement for multiple locations.

The contract signing was led by Phoenix President and CEO Dennis Uy and Cebu Pacific President and CEO Lance Gokongwei on February 3, 2015 at the Cebu Pacific Airline Operations building in Pasay City, Manila.

The signing covered contracts for Jet-A1 fuel supply in Subic; fuel storage, handling, and into-plane services in Mindanao, Aklan and Cebu for five years; and fuel barging services for five years through wholly-owned subsidiary Chelsea Shipping Corporation.

These are in addition to the renewable supply contract for Cebu signed last year by Phoenix Petroleum and Cebu Pacific. In 2014, both companies celebrated a decade of strong and indispensable partnership.

Phoenix Petroleum is the dominant supplier of Jet A-1 fuel to Cebu Pacific nationwide, providing Jet A-1 fuel storage, handling, barging, bridging and into-plane services to the airline company.

Phoenix Petroleum is the number one independent and fastest growing oil company today with an expanding network of operations nationwide. It is engaged in the business of trading refined petroleum products and lubricants, operation of oil depots and storage facilities, shipping/logistics and allied services.
Cebu Pacific is the largest domestic airline operator in the country, flying to 24 international and 33 domestic destinations. It is the sixth largest low-cost carrier in the Asia-Pacific region.


Phoenix Petroleum President and CEO Dennis Uy (2nd from left) and Cebu Pacific President and CEO Lance Gokongwei (3rd from left) seal multiple long-term supply and service agreements between the two companies, on February 3, 2015 in Pasay City, Manila. With them are Phoenix Petroleum VP and Chelsea Shipping Corp. COO Jose Manuel Quimson (left) and Cebu Pacific VP for Fuel and Cargo Joseph Macagga (right).

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