US-based Chevron through its subsidiary Chevron (Cambodia) Limited has unveiled a business plan to launch more service stations in Cambodia in view of the country’s efforts at joint exploration of the oil reserves with Thailand in the Overlapping Claims Area (OCA).
This was revealed by the Ministry of Mines and Energy after a meeting between its minister Keo Ratanak and Frank Cassulo, Vice President of Chevron in Phnom Penh (photographed above)
“The US oil company plans to expand the gas station network in Cambodia and support Prime Minister Hun Manet’s policy to solve the oil and gas exploration issue with Thailand based on a win-win policy,” the ministry said in a statement posted on its official Facebook page yesterday.
The firm said in 2021 that its business plan was to expand its service stations in Cambodia by up to 100 stations, citing that it imported petroleum from Thailand and Singapore to supply domestic demand in Cambodia. Chevron has three million barrels of net oil-equivalent daily production, Frank said in the meeting.
Through its subsidiary, Chevron markets automotive fuels and products under the Caltex brand at 53 service stations at present, 30 of which are in the capital city, Phnom Penh, according to Chevron (Cambodia) Limited’s website. Of the total number, 17 are company-owned and 36 are owned by retailers.
full story Chevron to expand service station network in Cambodia - Khmer Times (khmertimeskh.com)
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