PTT Plc aims to complete the merger of its four petrochemical and refining units by 2012. Thailand’s number one energy company expects to conclude the merger plan of three listed subsidiaries - PTT Aromatics and Refining Plc (PTTAR), PTT Chemical Plc (PTTCH) and IRPC Plc - within Q1-2010. Thai Oil Plc will be excluded from the first phase of the merger because unlike the other three that are located in Rayong, it is located in Chon Buri.
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