PTT or former Petroleum Authority of Thailand was established on December 29, 1978, concurrently in the period of the second world crisis of petroleum shortages. Thus, PTT commenced its primary mission in expediting to procure adequate oil for domestic consumption. That was such a drive for PTT to seek additional indigenous petroleum reservoirs for the benefit of the country. As a result, Thailand has been able to increase energy security while reducing foreign currency risk.
PTT HISTORY
PTT PUBLIC COMPANY LIMITED
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. PTT has an initial registered capital of Baht 20,000 million (10 Baht/share). Having the Ministry of Finance as the largest shareholder, the company was listed on The Stock Exchange of Thailand on December 6, 2001.
PTT HISTORY
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