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PTTOR maps out grand investment plan in Myanmar

Published July 17, 2019
By The Nation

PTT Oil and Retail Business Plc (PTTOR) will invest in the Myanmar retail market and the construction of a tank depot for oil and liquefied petroleum gas (LPG) as well as related facilities in the country, said company’s chairman Attapol Rerkpiboon, adding that the first gas station will open in the last quarter of this year.

It recently signed agreements with the subsidiaries of Kanbawza KBZ Group of Companies Ltd, Brighter Energy Co Ltd and Brighter Energy Retail Co Ltd, to invest in the two projects.

The first, in collaboration with Brighter Energy Co Ltd, involves the supply and distribution of petroleum products and the development of an oil tank depot, a port, and a LPG plant. This project is expected to be completed in 2021.

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Created at 2019-07-21 21:52:09