PTT aims to join Pertamina Indonesia refinery study

BANGKOK -- PTT Global Chemical has offered to partner Indonesian state-owned oil company PT Pertamina in a feasibility study to explore the potential for a new refinery project in Indonesia.

After Pertamina chooses its partner, the study will be conducted to determine production capacity, investment details, and a timeframe, said Pailin Chuchottaworn, CEO of PTT, the parent of PTT Global Chemical.

PTT sees investment opportunities in Indonesia's energy sector given its huge population and potential demand, he said.

Separately, PTT has opened a representative office in Indonesia to facilitate the export of its products to the country, said Mr. Pailin.


Dow Jones Newswires

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