PTT Public Company Limited
Annual Report 2011
investments through PTT Group companies, most of which are wholly owned by PTT, and are engaged in domestic and overseas oil businesses, such as retail sales and service stations, lubricating oil blending and bottling, and aviation fuel services. The oil business has become more liberalized and highly ‰ & Z = ]_[… ~]{{{€ ‰ ? Z = ]_[] ~|}}}€ – "&& [] fuel oil traders registered with the Department of Energy Business. Moreover, the oil business is heavy regulated by various authorities, including the Energy Policy and Planning
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business, PTT International Trading has implemented an international risk management system covering all aspects of risk exposure equivalent to those systems adopted by leading international companies. Major risks affecting PTT’s business are oil price volatility, reliability and integrity of trading partners, safety of delivery and shipment, and potential natural disasters. As world oil price volatility is the biggest risk, PTT’s mitigation measures include not only closely monitoring movements of all contributing factors, but also
swaps, and derivatives trading. State-of-the-art information technology to verify details of trading partners and deals has been used for business transactional risk control. Similar practices have been adopted to control and alleviate possible impacts from shipment and transport of petroleum and
petrochemical products on the environment and the community. Procurement and logistics of all products are strictly managed and controlled by international standards and regulations. To overcome possible cross-boundary legal barriers 1.3 International Trading Unit : The PTT International Trading Business Unit operates fully-integrated international trading and to augment competitiveness in international trading businesses, ranging from procurement, import and export of of petroleum and petrochemicals, PTT International Trading crude oil, condensate, petroleum products, petrochemical has founded and appointed subsidiaries and agencies in many ~ € & "&& > & "  business unit is also in charge of providing shipment and ~"&&&€
"&& > & –J?? logistics support, domestically and internationally, for PTT in Dubai, United Arab Emirates, and PTT International Group companies and generates revenues from overseas & ’ ƒ " Q ƒ operations, with the main focus on providing energy security ? ? "&& > & business transactions in more than 50 countries covering all to the Kingdom and adding business value to PTT Group. To cope with the changing nature of international regions of the world. margins in retail stores and partly on other supplementary � ~ €