Indonesia, Myanmar lead PTT's ASEAN expansion strategy

23-Jan-13
Indonesia is a key focus of PTT Group's Asean strategy. PTT supplies 40% of total consumption there. PTT recently established two subsidiaries in Jakarta to expand sales of crude and refined oil as well as plastic pellets in Indonesia. The two new units were PTT international Trading Co and PTT Polymer Marketing Co. As per The Nation, PTT is also in talks with Indonesia's state-run Pertamina Oil Co on investment in a petrochemical-refinery project, which the Thai energy giant expects to conclude in April or May. PTTGC has agreed to conduct a feasibility study on expanding a fully integrated petrochemical complex with Pertamina.
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