Petronas to open 67 new service stations

Malaysia’s Petronas Dagangan Bhd (PDB) disclosed plans to open 67 petrol service stations to expand its network all over the country by the end of the year. “This is a great year for PDB because we are building the largest number of service stations. We have never done this before,” Managing Director and Chief Executive Officer, Amir Hamzah Azizan said. Petronas will maintain its annual capital expenditure budget of RM350-RM450 million (US$115.7 million–148.8 million), with most of the funds going to construction of the new service stations. Petronas currently operates 968 service stations in Malaysia. (January 17, 2012)