Sunday 25 August 2013

PTT expresses interest in refining complex development in Myanmar

PTT has expressed its interest to develop a refining complex in Myanmar, said its executive.

Attapol Rerkpibool, in charge of overseas business, said that PTT is among 7 companies, vying to develop the large complex which is located near Yangon and a river.


Myanmar will officially launch an auction, which may not be within this year as the country is now busy hosting SEA Games, he said.

In the written interest to Myanmar, PTT proposed to build a refinery with daily capacity of 50,000 barrels. Aside from the refinery, the Thai oil and gas company also eyes to make presence felt in the power generating and coal industries.

Attapol also confirmed that PTT’s first fuel station in Myanmar would be open before December, ahead of the SEA Games. In five years, it targets to open 60 stations.

To regionalise its brand, PTT will also expand the fuel station network in Laos, Cambodia and the Philippines, he added.

In Asean, about Bt2.4 billion investment budget is planned for the expansion (excluding Myanmar) during 2013-2017.

source: Eleven Myanmar

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