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]

MOST VIEWED

  • Government denies claims former Thai PM Yingluck issued Cambodian passport

    Government officials on Thursday denied claims that a Cambodian passport was issued to former Thai Prime Minister Yingluck Shinawatra, who reportedly used it to register a company in Hong Kong. The Hong Kong-based English language South China Morning Post (SCMP) on Wednesday reported Hong Kong

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • US senators call for GSP trade privilege cut

    Two US senators on Wednesday introduced the Cambodian Trade Act of 2019 bill, requiring the administration to re-examine Cambodia’s eligibility to access the preferential trade treatment granted by the US under the General System of Preferences (GSP). A Cambodian government spokesman said the move was