TotalEnergies reaffirms its business strategy in the Philippines

TotalEnergies continues to strengthen its presence in the Philippines, aligning its business strategy with its long-term vision. As part of this evolution, the company has completed the sale of its shares in its fuels marketing joint ventures—Total Philippines Corporation (TPC), Filoil Logistics Corporation, and La Defense Filipinas Holdings Corporation—to its long-standing local partner, Filoil.

In an official statement, TotalEnergies confirmed:

“TotalEnergies completed the sale of its shares in its fuels marketing joint ventures in the Philippines – Total Philippines Corporation (TPC), Filoil Logistics Corporation, and La Defense Filipinas Holdings Corporation – to its existing local partner, Filoil, one of the leading independent oil players in the Philippines. Following the acquisition, the three companies are fully owned by the Filoil group, which will retain rights to continue operations under the Total brands for up to three years. Existing TotalEnergies activities including Trading, Renewables and Global Services will continue to operate in the Philippines and remain unaffected by this transaction.”

With its ongoing focus on Trading, Renewables, and Global Services, TotalEnergies remains an active player in the Philippine market. Its commitment to advancing energy solutions, particularly in the renewable sector, underscores its dedication to supporting the country’s growth and energy transition.

ADVT. 

This article is brought to you by TotalEnergies.