PTT reiterates policy of holding controlling stake in flagships

PTT reiterates that it will continue its policy of holding shares in flagship companies in proportions that PTT can control in order to set a direction that is consistent with the goals of the entire PTT Group. After the share prices of PTT Group companies in the downstream business, both oil refineries and petrochemicals, fell today (21 July) The Corporate Communications and Image Department of PTT Public Company Limited has come out to clarify that PTT focuses on Hydrocarbon business to create energy security, create growth, along with achieving the goal of reducing greenhouse gas emissions in a balanced way through Carbon Capture and Storage and Hydrogen, which will create sustainable growth in the long term. PTT has been reviewing and improving its business strategy and model consistently in line with the changing competitive environment of the industry, such as increasing its competitive potential, both in areas where PTT has expertise in operations and through seeking partners to strengthen its bus iness. PTT Group has invested in the Hydrocarbon business throughout the value chain, both in its own operations and through its subsidiaries, including exploration and production, natural gas, LNG, refining, petrochemicals and chemicals, oil and retail, and electricity. PTT still has a policy of holding shares in flagship companies in proportions that PTT can control in order to set the direction of operations in line with the goals of the entire PTT Group, as all flagship companies are important parts of PTT's strategy. Source: Thai News Agency