PTT approves 5-year investment plan

PTT’s board of directors, led by Energy Permanent Secretary Norkun Sitthiphong, who recently resigned as the company’s chairman, approved a five-year investment plan (2011-2015) worth 327.038 billion (US$10.84 billion). Prasert Bunsumpun, president and chief executive officer, said that about 51% of the five-year investment budget would go to joint ventures worth 166.281 billion baht (US$5.51 billion). (December 25, 2010)