Tag: Seaoil

Seaoil lauded in Asean Business Awards

SEAOIL Philippines was cited by the Asean Business Awards (ABA) for outstanding performance and presence in the Asean Economic Community Priority Integration Sector-Energy.

Seaoil Philippines CEO Glenn Yu recently accepted the award during ABA awarding ceremonies in Singapore.

Seaoil fulfilled all of the awards’ eligibility requirements, as well as distinguishing itself for its integration and connectivity among Asean businesses.

“Backed by 40 years of excellence as one of the largest Filipino companies providing high-quality petroleum products, Seaoil Philippines definitely deserves the recognition from the Asean Business Awards. We congratulate the longtime supporter and advocacy partner of Go Negosyo, Glenn Yu and Seaoil Philippines for winning the award under the Priority Integration Sector for Energy category,” said Joey Concepcion, chairman of the Asean Business Advisory Council Philippines.

The Asean-BAC selects a strategic partner every year to ensure the quality and independency of the awards. Global professional services firm EY served as this year’s partner and aided in the shortlisting of nominees, criteria-setting, selection of judges and implementation of the ABA framework.

ABA has recognized over 100 companies in the Asean since its inception in 2007 for excellence in the following categories: growth, employment, innovation and corporate social responsibility. ABA added the Priority Integration Sectors category of the awards in 2015.

The Philippines had over 100 ABA aspirants this year. The country won 8 out of the 21 awards.

Seaoil is the leading independent fuel provider in the Philippines with over 400 retail stations and a network of supply depots strategically placed throughout the country.

 

*this article was copied and originally published in BusinessMirror last Dec 13, 2018 and can be also found at https://businessmirror.com.ph/seaoil-lauded-in-asean-business-awards/

Seaoil seals partnership with Australia’s largest oil firm

THE strategic partnership between Seaoil Philippines, the country’s largest independent fuel player, and Caltex Australia Ltd was recently sealed with a contract signing, wherein the Australian company will acquire 20 percent interest in Seaoil.
In the photo are Seaoil’s Chairman Francis Yu and CEO Glenn Yu and Caltex Australia’s CFO for Fuels and Infrastructure Douglas Darley and Executive General Manager for Fuels and Infrastructure Louise Warner.
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 looks forward to increasing their market share locally, as well as expanding new business lines and introducing new products.
In the last three years, the company has experienced 47 percent sales volume growth in the diesel market and expects to capitalize on substantial opportunities with this new partnership. (PR)

*This article is copied from the article published online by SunStar Manila http://www.sunstar.com.ph/manila/business/2018/03/02/seaoil-seals-partnership-australias-largest-oil-firm-591571

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