Seaoil forges strategic partnership with Australia's largest fuels firm

SEAOIL Philippines Inc. (Seaoil), the country’s largest independent fuel player, said it has signed a definitive agreement that forges a strategic partnership with Caltex Australia Petroleum Pty Ltd (“Caltex Australia”).

The Australian company will acquire a 20 percent equity interest in Seaoil in what is intended to be a long-term partnership between the two independent players.

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