Saudi Arabia's Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement late on Wednesday. The company, however, did not disclose financial details of the transaction.

Saudi Arabia’s Aramco, one of the world’s largest petroleum and integrated energy companies, is acquiring a quarter of shares in Unioil Petroleum Philippines.

Saudi oil giant Aramco is returning to the Philippine market after nearly two decades, this time via a buyout of a 25-percent stake in the Co family-led Unioil Petroleum Philippines Inc.

Saudi Arabia’s Aramco, one of the world’s leading integrated energy and chemicals companies, is acquiring a 25 per cent interest in Unioil Petroleum Philippin

Aramco is set to acquire a 25% stake in Unioil Petroleum Philippines, marking a significant step in the company's strategic downstream expansion and growth of its global retail network.

Saudi oil giant Aramco is making its way back to Philippine shores through a planned acquisition of a 25-percent stake in Unioil Petroleum. This move came almost 17 years after Aramco exited Petron Corp.