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Interview

Thailand oil company revises investments to build out retail hubs

PTTOR to add delivery drop-off points and fitness centers to gas stations

PTTOR intends to add bubble tea houses, small fitness centers and delivery hubs to its gas stations. (Photo courtesy of the company)

BANGKOK -- The retail arm of Thailand's state-owned energy giant expects to double its net profit by 2025 as it transitions away from a gas station-based business to one that also provides drivers a little relief from the road, makes deliveries to smartphone users and gives electric vehicle owners locations to charge their batteries.

PTT Oil and Retail Business (PTTOR) has conducted research that shows drivers and their passengers "spend around four minutes refilling their tanks but another 15-20 minutes in other parts of our stations," CEO Jiraporn Khaosawat told Nikkei Asia. "That's why we see an opportunity to make a profit by offering new products and services that match [Thailand's changing] lifestyles."

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