Shell to renovate Thai stations

Shell of Thailand plans to spend more than 1 billion baht (US$31.6 million) to renovate its petrol stations nationwide and create a new identity within three years, in keeping with its parent company’s policy. The company will start by renovating 50 stations in Bangkok with an estimated budget of more than 100 million baht (US$3.2 million), Simon Hirst, general manager of retail sales and operations, said. Chairman Tiraphot Vajrabhaya said Shell has targeted increasing its share of the Thai retail oil market from 16.2% to 18% over the next two years. (July 22, 2007)