In an effort to further expand its overseas business, PTTOR, is engaged in two important investment plans officially announced today in Myanmar. Partnership Celebration of the Oil Terminal and Retail Business Development between PTTOR and Brighter Energy Co. Ltd. and Brighter Energy Retail Co. Ltd., subsidiaries of Kanbawza (KBZ)Group is held at Lotte Hotel, Yangon, Myanmar. H.E. Mrs. Suphatra Srimaitreephithak, Ambassador-designate of Thailand to Myanmar, Mr. Chansin Treenuchagron, President and CEO of PTT PLC, Mr. Auttapol Rerkpiboon, Chairman of PTTOR, Ms. Jiraphon Kawswat, President and CEO of PTTOR, H.E Mr. Phyo Min Thein, Chief Minister of Yangon Region, Mr. Zaw Min Win, President of the Union of Myanmar Federation of Chambers of Commerce and Industry, Mr.Nyo Myint, Senior MD of Kanbawza (KBZ) Group, Mr. Kaung San, MD of Brighter Energy Company and High-ranked Myanmar government officials joined the event.
According to Mr. Auttapol, PTTOR as a flagship company of PTT Group in oil and retail business, aims to be a leading Thai global brand enriching community values through oil, retail and related businesses, inclusively with all stakeholders to achieve a sustainable growth together. PTTOR is pleased to be engaged in these joint ventures with KBZ Group, one of the largest privately - own group of companies in Myanmar. Myanmar has long been the target of PTTOR since it has important supporting factors for the company’s long-term investments. The agreements today cover two joint projects.
Mr. Auttapol adds that the concept of the joint operation of PTT stations in Myanmar remains the “Living Community” like in Thailand where PTTOR cooperates with local vendors, communities SMEs to grow their businesses together with PTT station expansion. Here in Myanmar, the company plans to expand to 70 stations within 2023.