Chevron and BLC Signs Lease Agreement, Strengthening Energy Security Across Key Areas Around the Philippines

A new chapter begins as CPI Chairman Billy Liu and Batangas Land Company Inc. President Lilia Arce seal impactful lease agreements in San Pascual, Batangas; Lapu-Lapu, Cebu; San Fernando (Poro), La Union; and Sasa, Davao City—laying the foundation for growth across the nation.

Chevron Philippines Inc. (CPI), marketer of the Caltex brand of fuels and lubricants, signs mutually beneficial lease agreements with Batangas Land Company, Inc. (BLC) for the lease of BLC properties in San Pascual, Batangas; Lapu-Lapu, Cebu; San Fernando (Poro), La Union; and Sasa, Davao City.

These terminals service the fuel needs of Luzon, Visayas, and Mindanao. By renewing its lease agreement, CPI and BLC can ensure these regions will continue to have easy access to a reliable fuel and energy source.

Chevron and BLC sign MOU to enter into a new lease agreement for country’s energy security

Government officials witnessed the signing of Memorandum of Understanding between Chevron Philippines Inc. and Batangas Land Company Inc. From left to right Government Corporate Counsel Justice Rogel.jpg

Government officials witnessed the signing of Memorandum of Understanding between Chevron Philippines Inc. and Batangas Land Company Inc. From left to right: Government Corporate Counsel Justice Rogelio Quevedo, Secretary of the Department of Energy Raphael P.M. Lotilla, US Ambassador Mary Kay Carlson, Secretary of the Department of Trade and Industry Alfredo E. Pascual, General Manager of National of Development Company Anton Mauricio, Governor of Batangas Hermilando Mandanas, CPI Chairman Billy Liu and Batangas Land President Lilia Arce.