The Lao Petroleum Trading Company was established from the ambition, intention and good wishes of the founders to provide standard service stations at fair prices for the people and to cover all areas of the country. After the initial survey of the oil market, it was found that: communities in remote areas are experiencing difficulties in accessing fuel sources, which is an important factor in driving the country’s economic system.
Lao Petroleum Trading Co., Ltd., a member of the Phong Savan Group, was established on April 6, 2008 with a registered capital of 28.8 billion kip. It is a company that conducts business in Providing comprehensive oil services and 100% investment by Lao people, the first of the Lao People’s Democratic Republic. Later, the company increased its capital to 350 billion kip or
45 million dollars in 2013 to expand the business to be able to provide quality oil services at a fair price and reach all areas of the country.