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PTT Sets Sights on Burma’s Downstream

20 July 2012

Thailand’s oil and gas giant PTT PCL is set to concentrate its foreign investment on downstream sectors in Burma, according to Chief Financial Officer Surong Bulakul. “In Myanmar, we want to do more than upstream business, which PTT Exploration & Production has been operating there for many years. Our plans include opening service stations,” Surong told reporters on the sidelines of a business seminar on Thursday. Burma is the main foreign focus for PTT, he said, adding that investment has been restricted by under-developed financial and legal frameworks.