PTTEP goes on buying spree


Dhanin Chearavanont controls True Corp.

IN another move to increase production, PTT Exploration and Production Pcl (PTTEP), one of Thailand’s top 10 listed companies, bought two subsidiaries of New York-based integrated oil and gas company Hess Corp in July for US$1bil (RM3.5bil).

The two subsidiaries have interests in three mainly oil fields in the Gulf of Thailand and two gas fields in northeastern Thailand.

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