SPONSORS / PARTNERS
PTT Public Company Limited or simply PTT (Thai: บริษัท ปตท. จำกัด (มหาชน)) is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the kingdom, and it is involved in electricity generation, petrochemical products, oil and gas exploration and production, and gasoline retailing businesses.[3] The company also owns Café Amazon, a popular coffee chain throughout South East Asia, which shops are often located next to PTT gas stations or inside malls .
Affiliated companies include PTT Exploration and Production, PTT Global Chemical, PTT Asia Pacific Mining,[4] and PTT Green Energy.
History
PTT is the largest corporation in the country and also the only company from Thailand listed in Fortune Global 500 companies. The company ranks 81st among top 500 on the Fortune 500, and 180 on the Forbes 2000.[5][6] PTT was founded in 1978 (as Petroleum Authority of Thailand) as a state-owned enterprise, under Prime Minister General Kriangsak Chomanan's government. It was formed by a coupling between Thai Fuel Organization (Thai: องค์การเชื้อเพลิง) under Defense Energy Department and Thai Natural Gas Organization (Thai: องค์การก๊าซธรรมชาติแห่งประเทศไทย) under Ministry of Industry.[7][8]
Financials
For 2016 PTT PCL reported revenues of 1,737,148 million baht, net income of 94,609 million baht, assets of 2,232,331 million baht, and total equity of 762,948 million baht.[9]
PTT's 15 directors were compensated with 14.9 million baht in meeting allowances in 2016, plus 38.7 million baht in bonuses. The president and CEO's salary for the year was 30.6 million baht plus a 9.6 million baht bonus.[10]: 137–138 The company in 2016 employed 4,616 (PTT)[10]: 139 and 24,680 at subsidiaries.[10]: 140 Total compensation for PTT employees in 2016, excluding top management, was 9,651 million baht.[10]: 140
Operations
PTT Headquarter at Bangkok
In 2012, PTT purchased the remaining 55 percent of Sakari Resources, a Singaporean coal mine operator.[11]
In 2012, PTT Exploration and Production (PTTEP) took over Cove Energy plc, which owned an 8.5 percent share in a huge natural-gas field offshore Mozambique.[12]
The company operates 58 retail stations in the Philippines and plans to add an additional 15-20 petrol stations in Luzon and the Visayas, in Cebu Province. [13]
PTT Public Company Limited and Pertamina, Indonesia's state-owned oil company, partnered to build a new petrochemical complex in Indonesia for an estimated cost of US$4–5 billion.[14]
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Address : 555 Vibhavadi Rangsit Road, Chatuchak Bangkok 10900 Thailand
: https://twitter.com/pttplc_official
: https://www.facebook.com/PTTNews
: https://www.facebook.com/WeLovePTT
: https://linevoom.line.me/user/_dW679Ws87cXVcpBEOSDbZb3teO_EtTG2--DIteU
