Despite lingering uncertainties in the market, Total Philippines Inc., the local unit of the world’s fourth largest oil and gas company, said it remains bullish on the prospects of the oil industry as it continues to expand its retail network.
Total inaugurated yesterday its P27-million Newport service station – its 500th service station in Asia-Pacific – highlighting the company’s commitment to the country and to the Asian region.
“Total’s retail network is one of the fastest growing in the region and we are proud that our 500th station in Asia can be found right here in the Philippines,” Anna Whitehouse, president and managing director of Total Philippines, said during the inauguration ceremonies.
The new station is located in Newport City in Pasay, a government-designated tourism economic zone.
Whitehouse said the newest addition to its network is strategically positioned across the road from the new terminal of the Ninoy Aquino International Airport.
“We are just as proud that this service station is located in one of the most progressive and fastest developing cities in the country,” she added.
Total currently has 128 stations in the Philippines.
According to Whitehouse, the company will continue with its expansion program in Southern Philippines by putting up eight stations in Panay Island.
In a bid to strengthen its supply infrastructure in the area, Total is set to open its oil depot in Capiz in the first quarter of 2009.
Whitehouse said they are also planning to provide auto LPG products in their Newport City station.
Total is engaged in the importation, storage and distribution of fuels, oils, lubricants and liquefied petroleum gas (LPG).
The company has some 180 employees and has invested over $80 million in various infrastructures which include oil depots in Bataan and Manila and an LPG filling plant in Taguig City.