Petronas Dagangan's retail to overtake commercial segment

Petronas Dagangan Bhd, the retail arm of Petroliam Nasional Bhd (Petronas), expects its retail business to overtake its commercial segment as the company’s largest revenue generator in the future. Petronas Dagangan Managing Director and Chief Executive Officer Ibrahim Marsidi said the company hopes to see a 60:40 contribution ratio from the retail and commercial businesses, respectively. Ibrahim declined to give any timeframe. Petronas Dagangan operates 852 service stations nationwide, including 59 stations that offer natural gas vehicle fuels. (July 11, 2007)