ProJET

ProJET was a chain of petrol stations in Malaysia that was touted as the country's first "Superstation", offering refueling services that accepted both credit card and cash payments, along with additional facilities. The chain, formed in 1999, was eventually absorbed into the country's chain of Shell stations in 2007.[1]

ProJET
IndustryPetrol Stations
FateMerged with Shell
Founded1999 (1999)
Defunct2007 (2007)
Headquarters
Malaysia
ProJET petrol station in Cheras-Kajang Expressway.

History

In 1999, Dialog Group Bhd signed a Memorandum of Understanding with ProJET Malaysia Sdn Bhd as an Authorised Branded Marketer to build, own and operate up to 150 ProJET "superstations", petrol retails and convenience stores.[2] In 2005, ProJET rented out its convenience stores to Convenience Shopping Sdn Bhd to operate the 24-hour 7-Eleven stores, to improve its offerings to customers.

At the time of the stations' grand opening, ProJET had only acquired more than five years of experience in the petroleum business since its introduction by ConocoPhillips, in conjunction with Sime Darby Bhd. ProJET was the first foreign company in 30 years to be awarded a license to operate petrol stations in Malaysia.[3]

Despite a relatively smooth launch, ProJET was unable to penetrate the petroleum retail market in the country during the following years. In 2003, ProJET was reported to control about 1% of the local petroleum market.

In August 2007, Royal Dutch Shell PLC[4] received Malaysia's approval to acquire 100% of ConocoPhillips's wholly owned subsidiary Conoco Jet (Malaysia) Sdn Bhd, which at the time operated the ProJET retail marketing assets in Malaysia. As a result, all ProJET stations were remodelled into Shell stations in late-2007. The ProJET name remains in use independently.

Stations

ProJET was reported to have owned up to 40 stations, primarily in various portions of the Klang Valley, encompassing Selangor and Kuala Lumpur, and outlying states.

See also
  • Jet, a similarly named petrol station chain operated by ConocoPhillips.

References
  1. Paul Tan (17 April 2007). "Shell buys ProJET". Paultan.org. Retrieved 25 June 2014.
  2. Alexander's Gas & Oil Connections: Article Releases July 2001 Projet (Malaysia) to open 150 gasoline stations across country
  3. ConocoPhillips selling Malaysia, Thai stations Archived 2008-10-02 at the Wayback Machine
  4. Oil & Gas Journal: Article Releases August 2007 Shell approved for ProJet acquisition in Malaysia markets

Official website

Others
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.