Phoenix Petroleum is mulling a new oil depot in Cagayan de Oro City for an investment of P500 million. This was revealed during a roadshow on the Investment Priorities Plan held at the Apo View Hotel in Davao City recently.
During the roadshow, the Board of Investments (BOI) generated P10.5 billion worth of investment leads from Davao and other parts of Mindanao including the planned P500 million oil depot in CDO. BOI executive director Raul V. Angeles said in an interview the roadshow is part of an information drive in key cities in the provinces to entice more investors from the regions to register their projects with the BOI and avail of its incentives.
Top photo shows the newest Phoenix station in Cagayan de Oro City located at National Highway, Kauswagan which was inaugurated last June 28, 2010. Below shows dealer Mr. Garry Booc, his aunt, and Phoenix Petroleum Sales Manager for Mindanao Mr. Lito Patonona cutting the ribbon to formally open the station.
Phoenix Petroleum staff led by Sales Managers Lito Patonona and George Nifras with dealer Garry Booc celebrate the opening of another Phoenix station in CDO.
Now, another huge investment is coming to the city….more jobs.