Thailand’s energy company PTT will open the first petrol station in Myanmar this year
After signing various partnerships, the energy firm will roll out a network of 70 stations and build fuel depots in the country.
18 July 2019
Thai energy company PTT Oil and Retail Business (PTTOR) has made official its entry into the Myanmar market by announcing the opening of stations and the construction of fuel depots.
PTTOR will open its first gas station in Myanmar by the end of year and will build tank depots for oil and LPG as well as other fuelling facilities, according to Attapol Rerkpiboom, Chairman of PTTOR.
The company recently signed agreements with the subsidiaries of Kanbawza KBZ Group of Companies Ltd, Brighter Energy Co Ltd and Brighter Energy Retail Co Ltd, to invest in the two projects, reports The Nation.
“The oil tank depot will have a total capacity of 1 million barrels of oil and 4,500 metric tonnes of LPG,” explained Rerkpiboom.
A second part of the project will be the roll out of PTT gas stations and Cafe Amazon outlets in Thailand. They plan to run a minimum of 70 gas stations in Myanmar by 2023.
Currently, the company has a total of 2,800 Cafe Amazon outlets in Thailand, Myanmar, Cambodia, Laos, Philippines, Japan, Singapore, and Oman.