PTT Philippines, the local subsidiary of Thai oil firm PTT Public Co. Ltd., will open a P75-million gasoline service station in Lucena City.
PTT Philippines president and chief executive officer Sukanya Seriyothin said the company’s P2.1 billion expansion program will be in full swing with at least 150 stations to be rolled out over the next four years.
The Lucena “ platinum station” , which will formally open on January 15, is so far PTT Philippines’ biggest with designs and standards patterned after its stations in Thailand. It also hosts some commercial establishments aside from the gasoline station.
It will also be bigger in size and will offer complete facilities, including a mini-park for motorists to make it a destination place for its target market.
To date, PTT has 74 service stations mostly located in Luzon and in Cebu in the Visayas. Other outlets that are set to open are located in Southern and Northern Luzon.
PTT is also set to start construction this year of its SCTEX station located in Concepcion, Tarlac.
The SCTEX project will be PTT’s first theme park-like station in the Philippines situated on a two-hectare lot.
PTT has been in the Philippines for 18 years and has also been operating a wholesale business serving aviation, maritime and mining.
In 2013, it was ranked No. 89 among the Philippines’ Top 1000 Corporations.
In Thailand, PTT is the largest oil and gas company engaged in the upstream and downstream petroleum and coal businesses.