PTT to cover Laos with fuel stations

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Many petrol stations in Laos, especially in the countryside, are in dire need of modernisation

Thailand’s oil major PTT has plans to open 60 petrol service stations in Laos over the next 5 years as part of its regional $200 million expansion plan ahead of the ASEAN Economic Community, of which $27 million are reserved for the Laos expansion.

The so-called “Life Stations” will also offers non-oil services such as food, banking, car care and convenience stores, PTT president and chief executive Pailin Chuchottaworn said at the opening of the first outlet on October 29.

He added that PTT aims to become the second-largest retail oil player in Laos with a market share exceeding 15 per cent. Its current sales volume is 150 million liters a year, ranking it third in the retail oil business in Laos with a market share of about 12.5 per cent behind Lao State Fuel Company and PetroVietnam.

PTT also wants to expand its retail oil network in Cambodia from currently 14 stations to 45. In the Philippines, it plans to expand from 50 units to 130 “to become a top regional brand.”

In September, PTT signed a memorandum of understanding with Myanmar partner Denko Trading Co to study business opportunities in the country. Denko operates 15 petrol stations in Yangon.

 

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Reading Time: 1 minute

Many petrol stations in Laos, especially in the countryside, are in dire need of modernisation

Thailand’s oil major PTT has plans to open 60 petrol service stations in Laos over the next 5 years as part of its regional $200 million expansion plan ahead of the ASEAN Economic Community, of which $27 million are reserved for the Laos expansion.

Reading Time: 1 minute

Many petrol stations in Laos, especially in the countryside, are in dire need of modernisation

Thailand’s oil major PTT has plans to open 60 petrol service stations in Laos over the next 5 years as part of its regional $200 million expansion plan ahead of the ASEAN Economic Community, of which $27 million are reserved for the Laos expansion.

The so-called “Life Stations” will also offers non-oil services such as food, banking, car care and convenience stores, PTT president and chief executive Pailin Chuchottaworn said at the opening of the first outlet on October 29.

He added that PTT aims to become the second-largest retail oil player in Laos with a market share exceeding 15 per cent. Its current sales volume is 150 million liters a year, ranking it third in the retail oil business in Laos with a market share of about 12.5 per cent behind Lao State Fuel Company and PetroVietnam.

PTT also wants to expand its retail oil network in Cambodia from currently 14 stations to 45. In the Philippines, it plans to expand from 50 units to 130 “to become a top regional brand.”

In September, PTT signed a memorandum of understanding with Myanmar partner Denko Trading Co to study business opportunities in the country. Denko operates 15 petrol stations in Yangon.

 

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