PTT to invest Bt1tn in 5 years

PTT Group of Companies prepares over Bt1 trillion for investment in the next five years, with 15 per cent of Bt150 billion being earmarked for merger and acquisition (M&A).

According to Nicha Jirametthannakit, chief of PTT’s investor relations, of total investment budget for 2013-2017, 43 per cent would be invested by PTT Exploration and Production (PTTEP). 25 per cent is for petrochemical and refining business, 10 per cent on natural gas business, 5 per cent oil business, and 2 per cent for research and development.

For the budget reserved for M&A, PTT is eyeing the acquisitions of oil plam plantation and power plants. The M&A amount excludes the spending by its subsidiaries.

"During the five years, PTT itself will invest Bt360 billion," she said.