PTT petrol stations filling up

Thailand’s PTT Cambodia, a subsidiary of the kingdom’s state-owned oil and gas conglomerate PTT Public Company Limited, expects to more than double the amount of petrol stations it manages in Cambodia by the end of 2017, a senior executive in the company said this week. … PTT Public Company Limited, which is listed on Thailand’s stock exchange, plans to spend over $77 million between 2013 and 2017 to expand its oil retail business in the region, Auttapol added. The new budget is $24 million more than the previous $53 million in an earlier plan for the four years between 2012 and 2016. … Cambodia imported about 400,000 tonnes of petroleum in the first quarter of 2013, compared with 471,000 tonnes at the same period last year, a decline of 12 per cent, according to the ministry of commerce.

Laura Ma
http://www.phnompenhpost.com/business/ptt-petrol-stations-filling