PTT Plans to Pour Billions into Burma
25 June 2013
Thailand’s state-owned oil and gas company PTT is preparing to invest heavily in Burma’s energy sector, said its president and CEO Pailin Chuchottaworn. According to a report by the Bangkok-based daily The Nation, PTT plans to pour billions of dollars into neighboring Burma, where the company’s exploration and production arm, PTTEP, already plays a major role in extracting offshore natural gas deposits and other energy resources. Pailin said the company plans to start marketing lubricant products in Burma and is also building a standard fuel station on the highway linking Rangoon and Naypyidaw. The next move, he said, could involve building a power plant to address huge power demand in the country.