PTT draws up 20-year plan

PTT, Thailand’s largest oil and gas firm, is drafting a 20-year investment plan in which it will outline the largest investment in the company’s history, taking it into new areas of the energy industry. The plan not only aims to improve the conglomerate’s returns on investment, but also to have PTT listed in the Fortune 100 as well as in the Dow Jones Sustainability Index (DJSI). A source within PTT said the major investment plan, which would outline PTT’s business direction between next year and 2030, would focus on upstream and downstream sectors, alternative energy and the petrochemical industry. The investment plan is expected to be completed before August so it can be submitted to PTT’s Board of Directors for formal approval. PTT has not yet finalized the total size of its investments over the next 20 years, but the source said the sum would be huge. (June 29, 2010)