Petronas Dagangan to beef up cooking gas distribution in Philippines

(from left) Petronas Dagangan Bhd MD/CEO Mohd Ibrahimnuddin Mohd Yunus, chairman Datuk Wan Zulkiflee Wan Ariffin and CFO Puteri Liza Elli Sukma at PetDag 32nd AGM on Wednesday. CHAN TAK KONG/The Star

PETALING JAYA: Petronas Dagangan Bhd (PetDag), the retail arm of national oil company Petroliam Nasional Bhd, has allocated RM200mil in capital expenditure (capex) over the next three years mainly to beef up its cooking gas distribution operations in the Philippines.

Chairman Datuk Wan Zulkiflee Wan Ariffin said: “We intend to invest in more assets there to make our supply more competitive.” However, he said PetDag had no plans to expand into other markets at the moment.