Independent oil player Seaoil Philippines Inc. will double its capacity in Mindanao in the next three to four years with the development of its P500-million oil storage facility in Davao.

In a briefing held on Thursday in Taguig City, Seaoil announced that it will formally open its oil storage facility in Sta. Cruz, Davao del Sur. The facility will be considered the biggest oil storage terminal in Southern Mindanao with 41-million liter capacity.

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