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April 28, 2020 9:02 am  

Phoenix Petroleum Philippines, Inc. (PNX) was originally incorporated on May 8, 2002 and is 41.14% owned by Phoenix Petroleum Holdings, Inc. PNX made its Initial Public Offering with Philippine Stock Exchange on July 11, 2007 and is presently engaged in the trading of petroleum products on wholesale and retail basis and operating of gas stations, oil depots, storage facilities and allied services. The Company's products are distributed and marketed under the brand name, "PHOENIX Fuels Life".

The operation of the Company is divided between trading, and terminalling and hauling services. Under its trading operations, the Company offers its refined petroleum products and lubricants to retail and industrial customers. Terminalling involves the storage of petroleum products, mainly refined gasoline, diesel and other petrochemical products, while hauling involves the transport and provision of fuel to industrial customers.

PNX also distributes lubricants and chemicals. The Company produces its own blend of lubricants variety and sells these under the motorcycle oil brand name, "Cyclomax"; diesel engine oil brand name, "Zoelo"; and gasoline engine oil brand name, "Accelerate".

PNX wholly owns PFL Petroleum Management, Inc.; Phoenix Global Mercantile, Inc.; Subic Petroleum Trading and Transport Phils., Inc.; PNX Petroleum Singapore Pte. Ltd.; Phoenix LPG Philippines; Duta, Inc.; Philippine FamilyMart CVS, Inc.; and PNX Energy International Holdings, Pte. Ltd. PNX are majority owners of Action, Able, Inc. and Think, Able Limited.

As of December 31, 2018, PNX has 600 completed operating retail stations nationwide and a total of eight service stations under construction.

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