Thailand's PTT to invest $100bn over ten years

22 July 2011 12:04  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s oil and gas giant PTT will invest baht (Bt) 3,000bn ($100bn) over the next decade, which should significantly increase its overall revenue, the company said in a statement on Friday.

"PTT expects to boost its investment locally and internationally in exploration, production, petrochemicals, coal and power," PTT CEO Prasert Bunsumpun said, adding that the company's revenue should reach Bt6,000bn in a decade.

The company's total revenue in 2010 was $59.9bn (€41.9bn), PTT said.

($1 = €0.70 / $1 = Bt29.82)

By: Pearl Bantillo
+65 6780 4359

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