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KBZ Group, PTT partner to develop oil terminal

Published June 10, 2019
By THIHA KO KO @mmtimes

The Kanbawza Group (KBZ) and Thai state-owned PTT Public Company (PTT) will enter into a joint-venture agreement through their subsidiaries for oil-terminal development and retail business expansion, the companies’ said in a press release.

KBZ’s Brighter Energy Co and Brighter Energy Retail Co will partner with PTT’s subsidiary PTT Oil and Retail Business Public Co Ltd (PTTOR).

The development of the oil terminal will include the procurement of petroleum products, management of jetty, oil storage terminal, liquefied petroleum gas (LPG) filling plants and wholesale business of petroleum products located in southern Yangon’s Thilawa area.

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Created at 2019-06-10 02:20:51