Corporate

PTT Exploration and Production wins concession for two oil blocks in Myanmar

PTT Exploration and Production Plc, PTTEP has won its bids for two onshore oil blocks in Myanmar, Thai Energy Minister Pichai Naripthaphan said Wednesday after he met his Myanmar counterpart U Than Htay on Tuesday.

Published

9 years ago

December 22, 2011

Kanya Wattanaporn

Mr Pichai accompanied Thai Prime Minister Yingluck Shinawatra to Myanmar as she attended the regional summit in Naypyidaw.

PTT Exploration and Production wins concession for oil blocks in Myanmar

The Thai energy minister said his Myanmar counterpart informed him that PTTEP, subsidiary of PTT Plc, Thailand’s largest oil conglomerate, won its bid for two Myanmar onshore oil blocks. Myanmar also indicated support of the PTTEP proposal to seek petroleum in the Andaman Sea in two offshore petroleum blocks – MD7 and MD 8- but more details must be considered and discussed.

Myanmar wanted to see Thai investment in a gas separation plant in Myanmar after the PTTEP’s exploration found wet gas in the M9 gas field, which will be ready for use in 2016. The M9 field is Myanmar’s first field of wet gas, suitable for petrochemical production, he said.The PTT group is ready to invest more and Myanmar can also invest by granting Thailand further petroleum concession, the Thai minister said.

via PTTEP wins concession for two Myanmar oil fields.

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Published

4 weeks ago

December 1, 2020

Pr News

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Published

1 month ago

November 26, 2020

Pr News

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Published

2 months ago

November 9, 2020

Olivier Languepin

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)