PTT: Annual Report 2011

Page 43

PTT Public Company Limited

Annual Report 2011

primarily subject to world petrochemical prices, moving up and down in a cycle of supply and demand, and the year-end ~ €

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PTT intends to secure energy supply for the nation with overseas energy and new alternative energy sources. In these efforts, PTT integrates its entire organizational capability of knowledge, skills, personal experiences, and cooperation among the Group. All international investments are made through PTT’s wholly-owned subsidiaries, PTT International ?  ~"&&>€ "&&

= ?  ~"&& =€ ? "&&>Q mining businesses in Indonesia, a hydro-power plant in the  " Q – ƒ ƒ = sion from Egypt to Israel. PTT International also plans to 2.3 ReďŹ ning business * "&&  Â‚ "&&=" # PTT Green Energy has also invested in the development of security to the country and substituting locally produced palm plantations in Indonesia. "&& !TRHMDRR /DQENQL@MBD ~

€ & " ~& "€ >ƒ"? " The year was one of great achievements for PTT, with a ~>ƒ"?€ " ƒ ?  ~ "ƒ?€ # `… {`` ]{|{ |{_ ]}^ Z " ~Z?"€ & "&& ~]\†€ & provide crude oil as feedstock for these Group companies „

" them to market and distribute domestically, and export to " ^ ~ƒ € international markets. production capacity of the GSPs, PTTEP’s production increase " # � ~ ''– # ? € production capacity expansion in the petrochemical group, ~ €� implementation of portfolio risk management, investment the world-market supply and demand, the world oil price and development programs under Operational Excellence, � ~ € and pricing risk management for PTT and PTT Group, as well as the synergy development among downstream businesses to add business value and reduce operating costs. Details of each business unit are summarized below.


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