While maintaining energy security of Thailand is our main responsibility, we open for opportunities and never stop expanding our international bases and businesses to fortify PTT brand and diversify portfolio. We start trading with only oil and now almost all petroleum and petrochemical products are in our hands including LNG & greener energy.

Overview

Become part
of our story

Following the privatization of the state enterprise “Petroleum Authority of Thailand”, PTT Public Company Limited or “PTT” was registered on October 1, 2001 “under Corporatization Act B.E. 2542 (A.D. 1999). PTT inherited from its predecessor or business operations, rights, debts, liabilities, assets and personal.

Overview

1980 - 2021

Creating a firm foundation

1980

Establish Department of Oil Procurement

Fulfil domestic demand only

1980
1980

1989

Establish Singapore Representative Office

Increase arm’s length in Asia

1991

Export Refined Products

Market unused grade from Thailand

1991
1992

1992

Trade Refined Products

Learn to optimize value from demand and supply imbalance

1998

Hire Time Charter

Founded Chartering department for economic transportation cost

1998
1999

1999

Start Hedging

Structure Derivatives department to manage risk exposures

2000

Singapore Trading Office
Start storage & blending

Turn from a representative office to fully trading arm and start utilizing tanking and blending tool

1998
1992

2001

Oil Procurement Regulation

Improve GRC (Governance Risk Control) in doing business

2003

Trade Crude

Adjust our portfolio to cope with new domestic refineries demand

1998
1992

2006

Form International Trading Business Unit (TBU)
Trade Petrochemical Products
Trading Transportation and Risk Management Regulation

Founded TBU together with Petrochemical department to establish presence in petrochemical industry

2008

IMPLEMENT TRADING CONTROL SYSTEM
ESTABLISH DUBAI OFFICE

In-house develop a promising system to govern and manage trading positions with acceptable risk. Also, set up office in DMCC, Dubai to increase its arm’s length in Middle East

1998
1992

2008

Establish Guangzhou Representative Office

Set up office in Guangzhou to capture opportunities in China and then move to Shanghai in 2016

2012

ESTABLISH JAKARTA REPRESENTATIVE OFFICE

Set up office in Jakarta to advertise PTT brand and receive first hand market information

1998
1992

2016

Establish LONDON OFFICE

Based in London to build network and find right business partners in Europe and West Africa

2019

Trade LNG

Step in cleaner commodity with professional LNG traders in Singapore and Thailand

1998
1992

2020

Establish Houston Office

Set up office in Houston with fully-integrated team in all areas of expertise

2021

Establish Abu Dhabi Office and be a shareholder of IFAD

Set up office and invest in ICE Futures Abu Dhabi to strengthen network and increase liquidity of our trade contracts

1998