Petroleum Trading Lao Public

The Petroleum Trading Lao Public Company (PetroTrade) was founded with the vision of delivering quality oil at a fair price to all areas for better quality of life. This inspiration came from the firsthand experiences of the founder who perceived that access to fuel supply in remote areas is usually a problem...and this creates significant economic damage. As a member of the Phongsavanh Group, Petroleum Trading Lao Company Limited was founded on 6 April 2008 with registered capital of 28.8 billion Lao kip (LAK). Lao citizens are the primary investors in the business. Later, the company increased registered capital to LAK350 billion or US$45 million in 2013 to expand its business pursuant to its vision. On 9 October 2014, PetroTrade was registered as a public company and was listed on the Lao Securities Exchange (LSX) on 9 December 2014 to attract Lao and foreign investors as shareholders. The company has written a new page in Lao history in the context of being the first local company in the petroleum business to be listed on the LSX.