Yesterday, Thailand’s Prime Minister Paetongtarn Shinawatra announceก measures to crack down on the world’s largest international scammer base, which is Cambodia. This is based on the data revealed by the United Nation.
One of those measures is suspending energy export to areas suspected for sheltering scammers. However, Cambodian Prime Minister Hun Manet announced a strong measure, ceasing to import all energy from Thailand as tensions near the border escalated.
A source from PTT Oil and Retail Business Public Company Limited (SET: OR) stated that the matter is a sensitive topic regarding international relationships. Therefore, the company decided to not provide any comment and will monitor whether the oil export to Cambodia will be suspended, and if so, when.
If Cambodia blocks OR’s import, the company will sell the remaining fuel in each station’s tank until depleted while monitoring the situation. OR believes the impact on revenue will be minimal, as the company operates only 186 gas stations and 254 Café Amazon branches in Cambodia, significantly less when compared to gas stations’ number in Thailand, which is above 2,000.
OR has been expanding its investment in PTT stations, Café Amazon, and oil storages in Cambodia, using the same investing model as Thailand’s, primarily dealership. The original goal for OR is to turn Cambodia into its second home. Therefore, OR decided to wait for its executives’ decision whether to delay the investment plan in Cambodia.
Currently, OR holds 100% of PTT (Cambodia) Limited’s shares. Its business operation is to seek and provide petrochemical product delivery services in Cambodia. According to the data disclosed in March 2025, OR operates 186 gas stations, 254 Café Amazon branches, 71 convenience stores, and 6 oil storages in Cambodia.
As for OR’s 1Q25 performance, its total sales and service revenue was THB 182 billion, with THB 4.5 billion of it came from Cambodia. Moreover, OR’s oil sale volume in Cambodia was 169 million liters.
