Thai oil firm PTT to expand operations

Thai state-owned oil-and-gas conglomerate PTT said yesterday it was planning a $295 million expansion of its oil retailing business, including its Cambodian interests, over the next five years.

Bin May Mialia, the deputy managing director for corporate affairs at PTT (Cambodia) Limited, said the plan was to increase its existing number of 20 petrol stations to 65, expanding its reach across Cambodia.

“Initially the petrol stations will be set up around downtown areas and along the Asian Highway project.

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