Petronas rebrands outlets

Malaysia’s national oil and gas company Petronas is rebranding its service stations and convenience stores in Thailand in response to a changing urban lifestyle and increased competition. The company acquired the former Q8 retail chain, which has 117 outlets in the Thai market, at an initial cost of US$60 million. In the Thai market, the Malaysian firm has partnerships with food and beverage and other service chains such as A&W, Narai Pizzaria, Coffee World and B-Quik (car care). The Malaysian firm is also pushing its lubricant business for premium synthetic lubricants. (April 18, 2007)