Projet (Malaysia) to open 150 gasoline stations across country

Jun 12, 2001 02:00 AM

Projet (Malaysia) plans to invest about MYR 1 bn over the next 10 years to open 150 gasoline stations across the country. The company is a joint venture between US oil major Conoco and local conglomerate Sime Darby and is currently operating a handful of service stations as well as a refinery in Malacca.
Projet is eventually aiming to capture about 10-12 % of the Malaysian retail market.

Source: Dow Jones via Energy24
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