Logo of Phnom Penh Post newspaper Phnom Penh Post - PTTOR aims to open first petrol station in Myanmar next year

PTTOR aims to open first petrol station in Myanmar next year

Content image - Phnom Penh Post
Buranin Rattanasombat, executive vice-president of planning at Thailand’s PTT Oil and Retail Business (PTTOR). THE NATION (THAILAND)/ANN

PTTOR aims to open first petrol station in Myanmar next year

Buranin Rattanasombat, executive vice-president of planning at Thailand’s PTT Oil and Retail Business (PTTOR), revealed on Friday that the company is planning to expand its markets in neighbouring countries as part of its overseas business strategy.

“As of June, we had 281 PTT stations in Cambodia, Laos and Philippines,” he said. “The first PTT station in Myanmar is slated to open before the second quarter of next year.”

Buranin further explained that PTTOR had received approval from the Myanmar government for a joint venture project with local partners to build an LPG and oil reserve facility in Myanmar. “The construction of reserve facility should be completed within a year, while a PTT petrol station usually takes four to six months to build,” he said.

PTTOR will be working with Myanmar’s biggest private conglomerate, Kanbawza KBZ Group, to build a comprehensive oil and gas facility complete with storage depot, logistics port and gas packing factory.

“When completed, it will be the biggest oil and gas reserve in Myanmar, with a storage capacity of one million barrels of oil and 4,500 tonnes of LPG,” said Buranin.

“Since Myanmar has no oil refinery, we hope that this project will serve as a fuel storage centre to handle the delivery and quality control of PTT products that will come by sea from Singapore and by land from Thailand,” said Buranin. “The facility is located in Yangon and is connected to a comprehensive logistics network nationwide.”

PTTOR has adopted the same practice in Cambodia, Laos and Philippines to ensure ease of delivery and efficient quality control.

Buranin also revealed that Cafe Amazon, another successful franchise of PTTOR, is now operating 222 branches in Cambodia, Laos, the Philippines, Oman, Japan, Singapore, China, Malaysia and Myanmar.

THE NATION (THAILAND)

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last