SEAOIL to build bulk terminal in Zambo

ZAMBOANGA CITY – SEAOIL said it has invested some P740 million into a bulk terminal construction at the Zamboanga Economic and Freeport Zone.

ZFA Chairman and Administrator Raul Regondola and two other officials with SEAOIL President for Commercial Business and COO Stephen Yu, and SEAOIL Vice President for Terminal Expansion and Development Ronaldo Itliong.

It is also SEAOIL’s first business venture into an economic zone, adding the depot is designed for 18 million liters of storage capacity and can receive direct imports. 

The independent fuel company broke ground on May 25 in partnership with the Zamboanga Economic Zone and Freeport Authority (ZFA). This solidifies a 50-year agreement with the ecozone to create development projects and activities for terminal and jetty operations. 

The total leased area amounts to 2.12 hectares, with an option to further expand. The terminal and jetty development is set to be completed by next year, and operations are projected to begin in the fourth quarter of the same year. 

“This partnership with ZFA is much more than a business decision for us at SEAOIL. By opening a terminal here in Zamboanga City, we can make our quality products more accessible to retail customers and commercial industries in the area,” said Stephen Yu, SEAOIL President for Commercial Business and COO. 

ZFA Chairman Raul Regondola lauded SEAOIL for investing in Zamboanga. “We welcome this partnership with open arms as this is an excellent opportunity to pump more economic activity into the city. We also look forward to the jobs this terminal will bring to our locals,” he said. 

SEAOIL has over 650 branches nationwide with more being built this year to meet its target of having 1,000 branches by 2023. (Mindanao Examiner)