Thailand’s PTT Plc has received a concession extension from the Cambodian government to sell aviation fuel in the country.
Attapol Rerkpiboon, PTT vice president, said the company will continue selling fuel at Phnom Penh and Siem Reap airports for another five years until 2017.
The company is planning to open its first one-stop-service gas station next month in Phnom Penh with an investment budget, exclusive of land, at Bt30 million. The station will be like PTT gas stations in Thailand where a convenience store, a coffee shop, a food court, or even restaurants are also located in the same premises.
Attapol said the plan is in accord with the company’s business expansion to make the PTT brand to become the top brand in the region and to welcome the ASEAN Economic Community (AEC) in 2015.
There are currently 15 PTT gas stations in Cambodia. Fifty stations are expected to open for the retail oil trade by 2017, from an original plan of 45 stations.
Attapol said the fuel sales volume in Cambodia is increasing, for the market is growing, thanks to the country’s infrastructure investment and setups of power plants and factories.
PTT’s oil sales volume there in all sectors – aviation, industries, retail – has grown 10 percent, or a total sales volume at over 200 million liters/year.
