Although Aramco currently does not own any fuel stations in Malaysia, it holds a 50% stake in the 300,000-barrel per day Pengerang refinery in Johor, which is a joint venture with Petronas.

Established in 1966, Unioil is a downstream fuels operator with a network of 165 retail stations and four storage terminals in the Philippines, the statement said. The deal follows Aramco's ...