PTT slashes investment by Bt21 bn

MONDAY, JUNE 29, 2015
PTT slashes investment by Bt21 bn

PTT's board of directors on June 26 approved a huge cut in the capital expenditures for 2015, in light of low oil prices.

 
In a statement to the Stock Exchange of Thailand, its president, Pailin Chuchottaworn, said that the investment budget is cut from Bt77.28 billion to Bt55.66 billion. 
He said that affected are the investment plans in upstream petroleum and natural gas business that are still in the early stage.