PTT Plc Sets Aside Bt25 Billion to Expand Oil Business

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PTT Plc announced that the company has set aside Bt25 billion to expand and develop the company’s oil business over the next five years. The company will also conduct a feasibility study, according to reports, which will determine if the company should be added to the Stock Exchange of Thailand (SET).

Vice President for oil business, Auttapol Rerkpiboon, announced that PTT plans to expand the number of petrol stations under the company’s control from 1,450 to 1,575 by the second half of the year.

The company will also focus on its overseas business by expanding from 160 stations to 200 by the end of the year. The company’s goal is to expand to 500 petrol stations overseas by 2020. Mr. Auttapol suggests that PTT may install petrol stations in Cambodia, Laos, the Philippines and Myanmar.

Plans to upgrade existing petrol stations are also taking place.

The company will upgrade existing petrol stations to be handicap accessible with more than 100 such stations slated to be rolled out by the end of the year. In-town petrol stations are expected to be rolled out by the company under the “Garden in the City” concept.

PTT Plc will also be expanding their Amazon Coffee shops from 1,500 up to 1,700 by the end of the year. 7-Eleven stores under the company’s control will be increased from 1,270 to 1,400.

The company’s commercial sector will move towards expanding its jet fuel service. PTT aims to move from expanding the service to 10 countries, up from 6 countries served to date.

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