[PHNOM PENH POST]
Thailand's state-owned energy firm PTT Plc has said it will expand its
oil retail operations in Cambodia, while also eyeing oil sales to power
plants, factories and other commercial industry in the Kingdom.
PTT
plans to open more than 20 new petrol stations in Cambodia during the
next five years, with up to six stations starting business in 2012, Bin
May Mailia, a manager for PTT in Cambodia, said yesterday.
“We
want to have the complete business [chain] in Cambodia. Not just retail,
not just [oil production],” Bin May Mailia said yesterday when reached
by phone.
The company has 16 petrol stations at present. It also
plans to boost direct oil sales to the country’s growing number of power
plants and garment factories, he said.
Competition among oil retailers in Cambodia is growing rapidly, a manager at Kampuchea Tela Co Ltd told the Post yesterday.
The
Cambodian-owned company, which has about 40 service stations in the
country, aims to open as many as 15 new stations this year, the manager
said, requesting anonymity because he was not authorised to speak to the
media.
“For the time being, we are preparing ourselves to
compete with the growing market,” the manager said, noting the increase
in competition from companies such as PTT and French-owned Total SA.
About
700 service stations operate under the Tela brand in Cambodia, but the
majority are not owned directly by the company, the manager added.
Representatives at Sokimex could not be reached yesterday.
The Cambodian company owns 184 service stations, according to its website.
Total and Chevron were not immediately available for comment yesterday.
The
growth in Cambodia’s car sector was not the only reason for PTT’s
expansion, Bin May Mailia said. “It’s to support the PTT brand name, not
just because there are more cars and motorcycles on the road,” he said,
adding that the expansion would include non-oil-oriented business such
as food and beverage sales at petrol stations.
PTT’s planned
expansion in the Kingdom would coincide with larger investments in the
region. China, Malaysia, the Philippines, Myanmar and Laos would also
see a boost in PTT investments during the same time frame, Bin May
Mailia noted.
PTT has an oil concession in Cambodia’s offshore
oil Block B but has yet to start exploration. Bin May Mailia said he was
not in charge of oil exploration in Cambodia and could not comment on
progress made in the Gulf of Thailand.
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