Phoenix Petroleum Philippines Inc Announces the Resignation of Jose Manuel R. Quimson as Director

P-H-O-E-N-I-X Petroleum Philippines, Inc. is primarily engaged in marketing and distribution of petroleum products to retail and commercial and industrial customers, as well as operating oil depots, storage facilities, and other allied services. The Company's segments include Trading, Depot and Logistics Services, and Real Estate. The Trading segment is engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing and distributing goods and wares, such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins and lubricants, among others. The Depot and Logistics Services segment is engaged in operating oil depots and storage facilities and providing logistics services. The Real Estate segment is involved in real estate development, management and operations. The Company’s products include fuels, lubricants, liquified petroleum gas (LPG), asphalt and PNX lubricants.