MANILA, April 21 (PNA) — PTT Philippines has opened a new service station in Cebu, bringing to 10 the number of Thai oil firm’s stations in the province.
A fourth PTT service station in San Fernando, Pampanga was also formally opened last April 18, simultaneous with the opening of PTT Bogo, Cebu station.
“This is a continuing program of PTT Philippines and therefore you could expect more to open this year to achieve our target of 150 stations in the Philippines in the next four years,” said PTT Philippines President and Chief Executive Officer Sukanya Seriyothin.
Seriyothin, who led PTT San Fernando 4’s opening, reiterated that the opening of more stations this year is part of the company’s aggressive five-year expansion plan.
With the opening of Bogo and San Fernando 4 stations, PTT has now a total of 82 retail stations in Luzon and in Cebu in the Visayas.
After PTT San Fernando 4 and PTT Bogo stations, PTT Philippines is set to open more stations in northern and southern Luzon as it aggressively looks partners who are interested in dealership.
PTT Philippines requires a minimum size of 1,000 square meters property with at least 35 meters frontage for a station to be built. The location must also be along the highway for accessibility.
Meanwhile, PTT is also set to start the construction this year of its biggest station, the SCTEX station located in Concepcion, Tarlac.
PTT has been in the Philippines for 18 years. Apart from retail marketing, it also operates on wholesale business serving aviation, maritime and mining.
Its parent company, the PTT Public Company Limited of Thailand is the largest oil and gas company engaged in the upstream and downstream petroleum businesses. (PNA)