Chevron allots $200m for expansion plan
Budget covers 100 new petrol stations
Chevron Thailand, a major oil retailer operating under the Caltex brand, allocated US$200 million in capital spending to expand its businesses from 2019 to 2021 despite lower demand for oil fuel caused by the pandemic.
Country chairwoman and general manager Alice Potter said on Wednesday part of the three-year budget, the highest value in a decade under the Caltex Growth Project, will be used to develop 100 new petrol stations nationwide and give existing ones a facelift.
The company wants to add value to the oil refilling facilities, offering more convenience and safety to customers. Both new and…
