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Wednesday, May 15, 2024

OR allocates B200bn for 10-year plan

OR allocates B200bn for 10-year plan

Move to boost oil, non-oil ventures

An electric vehicle (EV) receives a charge at a PTT petrol station. OR is set to increase the number of its EV charging outlets according to the firm’s 10-year business plan.

PTT Oil and Retail Business (OR) will allocate 200 billion baht for its 10-year business plan, hoping to boost its oil and non-oil businesses, including Cafe Amazon and electric vehicle (EV) charging outlets.

The company will spend 36% of the investment to develop mobility-related businesses, said Jiraphon Kawswat, president and chief executive of OR.

Another 22% of the budget will go to lifestyle businesses, 28% to innovative product development and 14% to overseas investment, she said.

The investment plan…

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