TotalEnergies has sold its shares in its fuels marketing joint ventures in the Philippines, Total Philippines Corp., Filoil Logistics Corp. and La Defense Holdings Corp, to its existing local partner Filoil, one of the leading independent oil players in the Philippines..
TotalEnergies said that “following the acquisition, the three companies are fully owned by the Filoil group, which will retain rights to continue operations under Total brands for 3 years. years.
TotalEnergies has been one of the major players in the Philippines downstream oil segment, following the industry’s deregulation in 1998.
Full story TotalEnergies assures continued Philippine operations after fuel business sale
Share this:
