Local firm ties up with ConocoPhillips

DMX Technology Corp. has entered into a partnership with one of the world’s largest oil refiners, ConocoPhillips to distribute Conoco brand hydroclear oils in the Philippines.

DMX Technology Corp. (DTC) is the Philippine affiliate of DMX International Ltd. which is a petroleum technology integrator providing unique opportunity for oil companies.

DMX engages in the distribution of high-tech lubricants.

ConocoPhillips is the world’s eight largest publicly-owned energy company known for its oil hydrocracking technology and lubricants with the highest efficiency rating and superior environmental performance.

Petterl Makitalo, DMX chief executive officer, welcomed the strategic partnership with ConocoPhillips which is an internationally-renowned energy firm.

ConocoPhillips has assets exceeding $82 billion and a turnover of more than $100 billion in 2003. It is ranked fifth in the world and is the largest oil refiner in the United States.

ConocoPhillips’ expertise in the production of high-tech lubricant products translates into highest engine efficiency, optimum fuel combustion and savings, maximum use and reuse, and below-industry standards on exhaust emissions.

ConocoPhillips’ entry to the Philippines through DMX Technology Corp. is expected to benefit Filipino motorist and industrial firms in terms of lubricants that have been produced through cutting edge technology.