PTT Plc prepares long-range investment plan

PTT Plc 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 Nation reports. 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 Thailand’s largest oil and gas firm said the major investment plan, which would outline PTT’s business direction between 2011 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. (July 2, 2010)