Regarding the company’s leadership, both Chanthone Sitthixay and Savanhthong Phongsavanh have extensive experience in various types of businesses, including the import/export of a wide range of products in Laos. PTL was established in 2008 and has been the second-largest company in the market by market share and revenue since 2011.

Petroleum Trading Lao currently deals with five categories of products: diesel oil, Benzene Regular 91, Benzene Super 95, bunker oil, lubricant oil and petrochemical products. The company sells petroleum through its own retail gas stations under the “PLUS” brand, which currently operates 110 stations across the country. These stations are managed under two models: Company Owned, Company Operated (COCO) for 30 stations, and Dealer Owned, Dealer Operated (DODO) for 90 stations. Additionally, the company also directly sells its oil-based products to project clients, industrial factories, and wholesalers in Laos.

PTL is the first company in Laos to be certified for outstanding international service quality. At present, the company has 300 fuel trucks. Furthermore, under Petro Trade, it is listed as Khouanchay Trading Export-Import Company Limited, which has brought various consumer products to meet market demand through its 20,000 retail stores across the country.

Since 2009, PTL has experienced rapid growth due to the vision of its founders and the executive team, who focus on controlling the quality of products and services. The company imports petroleum from well-known global suppliers through Thailand, Singapore, Vietnam, and Malaysia.

In 2012, the company launched a new type of station designed to meet the daily needs of people in cities, providing convenient, quick, and safe services. PTL has since expanded its stations, increasing the total number of gas stations to cover the entire country, making it the second-largest in Laos for two consecutive years.

In 2013, the company increased its registered capital from LAK 75.60 billion to LAK 350 billion. This increase in registered capital was aimed at expanding additional stations, improving product quality control, and enhancing organisational efficiency to meet international standards (ISO 9001:2015, 14001:2015, and 45001:2018), and to become a professional organisation capable of serving the ASEAN Economic Community (AEC). PTL also improved its gas transport system and enhanced employees’ knowledge. From 2014 to the present, the company has continued to maintain high-quality products and develop services to improve its reputation. The depots now can store up to 5,610,000 litres of oil domestically, and the company leases two seaport terminals in Vietnam with a storage capacity of up to 100,000 metric tons. The total number of gas stations is 110.

The company has also increased its registered capital by issuing common shares through an initial public offering (IPO) on the Lao Securities Exchange. Petrotrade was also in the news recently for signing a Memorandum of Understanding (MoU) with the government, local authorities, and foreign countries, including the concession project agreement for the Vung Ang Seaport project in the Republic of Vietnam. Additionally, the company is involved in the Vung Ang Seaport Laos-Vietnam Development State Enterprise in partnership with the Lao administration.

PTL has signed an agreement to develop a 2,000 MW coal power plant in the Boualapha district of Khammouane province. It will also conduct a feasibility study for a railway construction project in Khammuan province, a project that will connect to the Vung Ang Seaport.

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Adnoc’s capital expenditure in 2019 was Dh508 million. Currently, the majority of gas stations located in Dubai are operated by Emirates National Oil Company (Enoc). Last year, Adnoc opened three gas stations in Dubai, resulting in a total of six gas stations operated by Adnoc in Dubai.

Adnoc plans to open between 20 and 25 gas filling stations in Dubai. The Abu Dhabi oil giant is also expanding into the Kingdom of Saudi Arabia, where it currently runs two gas stations.

Adnoc is looking to open stations in Egypt and targets India’s downstream segment. The media has reported that Adnoc plans to partner with Saudi Aramco for a mega refinery project in Ratnagiri in Maharashtra in India.

Adnoc is still in the nascent stages of defining its role in the project and is actively working with Aramco and Indian counterparts. Indian Oil, Bharat Petroleum and Hindustan Petroleum will be responsible for developing the mega refinery project.

Even Enoc announced in 2018 that it plans to expand into Saudi Arabia and open 45 new service stations over five years, media reports said.

Mohamed Al Hashemi, Adnoc Distribution’s CEO, told the media, “As we speak we have a handful of sites in Saudi that are clearing investment committee decision, we know exactly which sites, we know the volumes.”

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