Thailand: PTT Reviews Investment Plan
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Tuesday, 28 October 2008 |
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PTT said it was reviewing its five-year investment plan and looking for
an opportunity to buy assets hit by the global financial crisis.
Senior executive vice president Tevin Vongvanich told reporters."We
are reviewing our investment plan, which should be completed at the end
of this year. Where we have already invested, we will continue to move
forward.”
The global financial crisis has offered an opportunity for the top
energy firm to buy energy-related assets, especially in the refinery
and petrochemical businesses, Tevin said, adding there were no concrete
plans to target acquisitions.
PTT has said it plans to invest 241 billion baht ($7 billion) during
2008-2012, mainly in its core gas businesses including gas pipelines
and gas separation plants.
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