PTT to acquire Conoco's 147 Jet petrol stations

PTT Plc to sign agreement on Thursday with ConocoPhillips (COP) to buy the U.S. firm's petrol service stations in Thailand, PTT said Wednesday.

PTT is expected to pay over US$200 million for Conoco Phillips' 147 gasoline service stations in Thailand under the "Jet" brand name.

PTT is largest local oil company with 1,200 petrol service stations nationwide and a 30 percent market share.

The Nation