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.
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