Who We Are
Though relatively new, the joint venture boasts of experienced and credible partners. ISLA’s primary parent company is Citadel Pacific, Ltd. (CPL), a private equity and holding company. IP&E is CPL’s international investment arm for the energy business in the Philippines, Guam, Saipan and Palau. The other shareholder is Itochu Corporation (ITOCHU), a Japan conglomerate recognized as part of the top 250 companies in terms of worldwide revenue.
Feb 11
2011
ISLA Petroleum & Gas Corporation (IPG), a joint venture between Isla Petroleum & Energy Company Ltd., (IP&E) and CREASIA Energy Holdings, Inc. (CREASIA), was incorporated on this date.
Jan 27
2012
The acquisition from Pilipinas Shell Petroleum Corporation (PSPC) of all the issued and outstanding shares of Isla Petroleum & Gas Corporation (IPG) was consummated.
Dec 10
2013
The acquisition from Shell Petroleum N.V. all of the issued and outstanding shares of Isla Gas Terminals, Inc. (IGT) was fully realized.
May 12
2016
Itochu Corporation, a shareholder in IPG's parent company Citadel Pacific Ltd. (CPL), formed CREASIA - a joint venture company majority-owned by ITOCHU and minority-owned by ITOCHU Enex Co. - to transfer its equity interest in the ISLA Group to CREASIA.
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