BANGKOK (Reuters): State-owned Thai oil and gas company PTT Pcl said on Saturday (June 13) that it would cut its investment budget across the group by 10-15% this year and some projects will be delayed as partners face challenges from the Covid-19 (coronavirus) pandemic.
Chief Executive Auttapol Rerkpiboon, who took up the post last month, said the PTT group faced "double effects” from the oil price slump and the coronavirus outbreak.
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