Ptt Public CO Ltd New (PETFF)

Ptt PLC was established on December 29, 1978 as Petroleum Authority of Thailand. The Company along with its subsidiaries operates as an oil and natural gas company operating in Thailand. It operates through three segments: - Upstream Petroleum and Natural Gas Business, Downstream Petroleum Business and Coal Business. The Group conducts petroleum exploration and production business both domestically and overseas. The Group is the operator and jointly invests with leading petroleum exploration and production companies. Most domestic projects are located in the Gulf of Thailand. Its overseas projects cover the Asia Pacific and Middle East regions. It conducts natural gas business including procurement, natural gas pipeline transmission, distribution, and natural gas separation. Products from the natural gas separation plants are used as feedstock for the petrochemical industry and as fuel in the household, transportation and industry sectors. The Group conducts marketing of petroleum and lube oil in both domestic and overseas markets under an efficient operating system of procurement, storage, and distribution of products as well as the retail business at service stations. It conducts international trading business including the import and export of petroleum and petrochemical products as well as other related products. The business also covers the management of possible risks arising from oil trading as well as from the procurement and distribution of petroleum and petrochemical products in international markets. The Group conducts petrochemical business including the production and distribution of petrochemical products and by-products in both domestic and overseas markets to serve the demands of industry and consumer groups. It conducts refining business, involving the processing and distribution of finished oil products to serve both domestic and overseas customers. In addition, the Group conducts petrochemical business, which utilizes refinery products as raw materials. The Group conducts coal mining business, involving overseas exploration, production and distribution of coal. The Group has operations in 30 countries.