Thai Firm will invest in RP

Thailand’s largest oil firm will invest P250 million as part of aggressive five-year expansion plan in the Philippines. PTT Philippines Corporation, the local subsidiary of Thailand firm.

“The expansion plan will include a new terminal for PTTPC oil products. And this terminal will be the biggest cooperative project ever in this city if it gets formalized,” said San Fernando Mayor Oscar Rodriguez. PTT Philippines Corp. President Wisarn Chawalitanon explained that San Fernando was chosen because of the convenience of the location as it is in the Luzon area.   He also reiterated that the Philippines is the first country they considered because of the opportunities it offers.

Chawalitanon said the Philippines is the first country that they considered due to the opportunities it offer.  PTTPC is one of the subsidiary companies in the Philippines of Petroleum Authority of Thailand Public Company Limited (PTTPLC). The company is into marketing of refined petroleum products and lubricants. -Manila Bulletin)