Petroleum Trading Lao Public Company (PetroTrade)
Petroleum Trading Lao Public Company (Petrotrade) is a premier private enterprise in Laos specializing in energy and infrastructure. As a core member of the Phongsavanh Group, Petrotrade is renowned for its modern network of PLUS branded service stations. The company serves as a vital artery for the nation’s fuel supply and holds the distinction of being the first petroleum enterprise in Laos to be listed on the national stock exchange.
Detailed Introduction
Petrotrade was officially established in April 2008 by Mr. Chanthone Sitthixay and Mrs. Savanhthong Phongsavanh. Driven by a vision to eliminate fuel price disparities and ensure energy accessibility for remote and rural communities in Laos, the company has evolved into a multi-sector powerhouse. Petrotrade’s core operations focus on the retail and distribution of high-quality petroleum products, including Super 95, Regular 91, and Diesel. Beyond fuel, the company has pioneered the "Non-oil" service model by integrating convenience stores and lifestyle amenities directly into its stations. Today, Petrotrade continues to lead the market through strategic investments in national logistics infrastructure and the transition toward sustainable renewable energy solutions.
Vision & Mission
- Vision: To become a leading regional energy and logistics conglomerate, serving as the strategic bridge that transforms Laos from a "land-locked" country into a "land-linked" hub for Southeast Asia.
- Mission: To provide international-standard fuel at fair prices, driving sustainable prosperity for the community and the Lao economy.
Strategic Scale
- Human Resources: Over 1,000 employees (Boasting a remarkably low turnover rate of just 2% per year).
- Market Share: Holds approximately 12.5% of the domestic petroleum retail market.
- Infrastructure: Operates over 118 PLUS service stations, manages 5 storage terminals with a total capacity exceeding 5.5 million liters, and maintains a specialized fleet of over 300 tankers.
- Customer Base: Serves over 8 million customers annually through its retail network and industrial supply chains.
Achievements & Awards
- International Recognition: Recipient of the 2019 ACES Award for "Asia's Best Performing Companies."
- Quality Certifications: The first company in Laos to simultaneously achieve triple international standard certifications:
- ISO 9001:2015 (Quality Management).
- ISO 14001:2015 (Environmental Management).
- OHSAS 18001:2015 (Occupational Health and Safety).
- Public Listing: Successfully launched its IPO on the Lao Securities Exchange (LSX) in 2014 (Ticker: PTL).
Key Events
- 2012: Pioneered the "Lifestyle" service station model in Vientiane, integrating banking services and retail convenience.
- 2014: Officially listed on the LSX, marking a milestone in corporate transparency and regional expansion.
- 2020 - 2026: Lead investor in the Vientiane Logistics Park (VLP)—a strategic dry port connecting the Laos-China railway—and the Lao-Vietnam railway project connecting to Vung Ang Port (Vietnam).
- 2025: Launched a nationwide initiative to install EV fast-charging stations across the PLUS network to spearhead the green energy transition in Laos.
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