Incorporated in May 2002 in Davao City, Phoenix Petroleum Philippines, Inc. has grown from a simple family venture to one of the most successful businesses in Davao and the Southern Mindanao area. The company, then under the name Davao Oil Terminal Services Corporation (DOTSCO), began operations in its current form in January 2004, distributing petroleum products to various commercial entities in Mindanao. In August 2006, the company was officially renamed to Phoenix Petroleum Philippines, Inc. Today, Phoenix Petroleum is engaged in the business of trading refined petroleum products, lubricants and other chemical products, operation of oil depots and storage facilities, and allied services, mainly in Southern Philippines. Its products and services are distributed and marketed under the "Phoenix Fuels Life" trademark. In June 2005, Phoenix Petroleum opened its first retail service station. At end of 2007, the number of stations had grown to more than 50 in southern Mindanao. Phoenix ended 2008 with a total of 86 stations, with three in Luzon. Today Phoenix has more than 100 stations across the country. In February 2008, Phoenix received a certification for ISO 9001:2000 quality system standards for its Davao bulk plant and aviation fuel tank truck operations. In July 11, 2007, Phoenix Petroleum under the symbol PNX launched its initial public offering, becoming the first independent oil company to be listed in the Philippine Stock Exchange after the oil deregulation law was passed in 1998. Phoenix Petroleum also became the first company from Davao City to be listed in the stock exchange. In preparation for expansion into the Luzon market, Phoenix Petroleum bought out Bacnotan Industrial Park Corp. (BIPC) in 2009. BIPC is the operator of the Batangas Union Industrial Park (BUIP) located in Calaca, Batangas. Phoenix Petroleum's wholly owned subsidiary Petroterminals Philippines Inc. operates the Phoenix Petroterminals and Industrial Park.
Sector: Oil & Energy