OR to invest B31.2 billion this year

PTT Oil and Retail Business Plc (OR) plans to allocate capital spending worth 31.2 billion baht to fuel businesses in Thailand and overseas, with the largest portion of money going to non-oil businesses.

Up to 45% of the budget, or around 14 billion baht, would go to non-oil and lifestyle businesses, including expanding the number of OR’s Café Amazon outlets by 400 as well as increasing the number of Texas Chicken outlets in 12 countries, said Disathat Panyarachun, chief executive of OR.

The company will seek new business partners to push ahead with lifestyle businesses, including health, wellness and tourism.

OR is renovating its petrol stations in order to make them complement the concept of its lifestyle businesses. Part of the renovation work is scheduled to be finished…