Dubai oil firm eyes Philippines depot

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dubai oil firm Kampac International plans to invest in a multi-billion dollar depot project in the Philippines, according to a report in south-east Asia.

Manila Standard Today reported that the company, through its Kampic Oil Middle East subsidiary, planned to distribute and sell oil throughout the region with the Philippines at its distribution hub. The depot is located near the boundary of Quezon and Laguna provinces.

A source told the newspaper that Kampac CEO Charlie Ampofo had met with Philippines president Beningo Aquino III to discuss the project. Ampofo is due to return to the country next month in order to finalise the project, it said.

Bilateral trade between the Philippines and UAE amounted to $2.16bn in 2012.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Will shale shake the Middle East?

Will shale shake the Middle East?

The debate over shale’s impact on the GCC continues. Will this...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams