Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Bangchak plans petrol stations in Cambodia

Bangchak plans petrol stations in Cambodia

Bangchak plans petrol stations in Cambodia

Bangchak Petroleum, a majority state-owned oil refiner and retailer in Thailand, said it wants to open five petrol stations in Cambodia, with the first station opening in 2014, the Bangkok Post reported last week.

Tui Rutten, president of the Thai Business Council of Cambodia did not want to comment on the issue, but said generally, Bangchak is a big player trading in Thailand’s financial market and would do proper research before new investments.

“Normally, Bangchak is a very well-known company in the financial market in Thailand and most of the projects that they’ve done they probably have done research [for],” she said.

“For such a big company, I don’t think that they just come into the area when they didn’t do the research…They probably believe that it will be profitable before they’re going to invest.”

Bangchak did not reply to an email sent yesterday.

Earlier this month, the Malaysia Edge reported that Malaysian oil and gas company Petronas is eyeing Cambodia’s oil and gas sector again. Petronas opened in Cambodia in 1994 with 19 stations that dwindled to one before exiting the Kingdom in April 2010.

“I have no knowledge about that,” said Diep Sareiviseth, a spokesperson at the Cambodia National Petroleum Authority regarding Bangchak’s plans.

Bangchak shares fell 2.7 per cent yesterday.

To contact the reporter on this story: Anne Renzenbrink at [email protected]

RECOMMENDED STORIES

  • Thy Sovantha threatens new suit

    Social media celebrity and card-carrying CPP member Thy Sovantha yesterday said she will file a lawsuit against wildlife NGO head Suwanna Gauntlett alleging discrimination after the latter allegedly denied her access to an ecotourism program the group is launching today in Koh Kong province. The

  • Police raid Siem Reap party, arrest 10 foreigners over ‘pornographic’ images

    A group of 10 foreign tourists appeared in court today after being arrested for producing “pornographic” photos in Siem Reap town on Thursday, while dozens more were detained temporarily and let go after being lectured on their behaviour, according to authorities. A report posted to the

  • Hun Sen’s in-law removed from RCAF after cockfighting rings raided

    Thai Phany, the nephew-in-law of Prime Minister Hun Sen who is accused of running two large cockfighting rings, has been removed as a general in the Royal Cambodian Armed Forces. Phany, formerly a one-star brigadier general, was removed by royal decree on December 19, according to

  • Government approves plan to relocate Phnom Penh’s airport

    The government has signed off on a proposal to build a new airport to serve Phnom Penh and has earmarked land in Kandal province for the $1.5 billion project. A new international airport to replace the existing Phnom Penh International Airport will be constructed on partially