As oil giants depart, PTG gets serious
IPO this year will fund PT station expansion
- Published: 4 Jan 2013 at 00.00
- Newspaper section: Business
Most people in the retail oil industry think the business has matured over many years, but Pitak Ratchakitprakarn, chief executive of PTG Energy Plc (PTG), the operator of PT petrol stations, thinks otherwise.
PTG plans to build 100 new PT petrol stations a year as it expands.
The withdrawal of international oil retailers such as Conoco, Petronas and Kuwait Oil from the Thai market is also another sign that this business is no longer as attractive as it used to be.
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