PTT flagships synergise oil, trading activities
PTT Group's three flagships, Thai Oil, PTT Global Chemical and IRPC, have drawn up a plan to synergise their activities with the aim of adding value to the group's international trading business and enhancing the group's competitiveness in the global market.
Project One will allow the three companies to jointly manage and procure crude oil, which will increase their bargaining power in the global market, said Disathat Panyarachun, PTT's senior executive vice president for International Trading Business Unit.
Joining forces will also allow them to avoid redundant investment in the petrochemical and refinery businesses.
Meanwhile they plan to launch joint international trading activities next year.
