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ENERGY PARTNER TotalEnergies continues its dedication to advance energy solutions and to support the Philippines' growth and transition to renewable energy. PHOTO FROM TOTALENERGIES
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 Corp. (TPC), Filoil Logistics Corp. and La Defense Filipinas Holdings Corp. — to its long-standing local partner, Filoil.
In an official statement, TotalEnergies confirms, stating: "TotalEnergies completed the sale of its shares in its fuels marketing joint ventures in the Philippines — [TPC], Filoil Logistics Corp. and La Defense Filipinas Holdings Corp. — 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.
