MANILA, Philippines — Independent oil player Seaoil Philippines Inc. has taken in Caltex Australia Petroleum Pty Ltd. as long-term strategic partner for its expansion program. In a statement, Seaoil said it has signed a definitive agreement that forges a strategic partnership with Caltex Australia, which will acquire a 20 percent interest in the independent oil firm. As part of the formation of the strategic partnership, Caltex Australia will supply fuel to Seaoil via Ampol, its fuel sourcing and shipping business in Singapore. We look forward to being part of Seaoil’s growth over the coming years,” Caltex Australia CEO Julian Segal said. Caltex Australia is a 100 percent publicly-owned company listed on the Australian Stock Exchange.

Source: Philippine Star December 21, 2017 16:30 UTC