PTT Philippines, the local unit of Thailand’s largest oil and gas company PTT Public Co. Ltd., recently opened its 145th station in the country and its fourteenth in Metro Manila.
PTT Philippines also bared its new service station in PTT Baesa (the Thai oil firm’s sixth station in Quezon City), combining the flame logo design with ‘PTT Station” wordings highlighted in dark and light blue colors.
PTT Philippines president and chief executive officer Sukanya Seriyothin said the change in service station logo was part of the transition in PTT management of its oil business from PTTPLC to PTT Oil & Retail Business Co.
“The new design was not a total depart from our original station logo that had the flame and the PTT acronym beside it,” Seriyothin said.
The transfer of assets has began from PTTPLC to PTTOR in preparation for the planned initial public offering on the Thai exchange next year.
Regulations for state-run enterprises in Thailand no longer applies to PTTOR.