Thai PTT Cuts 2015 Investment Budget To $1.4 Billion

Reuters

BANGKOK, Nov 20 (Reuters) - Thailand's top energy firm PTT Pcl has cut its 2015 estimated investment budget to 51 billion baht ($1.4 billion) from an earlier forecast 55.7 billion baht, mainly due to a postponement in new overseas investments.

The reduction also reflected an adjustment to its plan for a new liquefied natural gas (LNG) receiving terminal, state-controlled PTT said in a presentation published on its website.

(Reporting by Khettiya Jittapong; Editing by Tom Hogue)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling & Completions Cost Engineer
Expertise: Cost Engineer
Location: Houston, TX
 
Project Controls Intern Job
Expertise: Project Controls|Student / Recent Grad
Location: Amarillo, TX
 
Drilling and Complations Cost Engineer
Expertise: Cost Engineer
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.68/BBL 0.27%
Light Crude Oil : $49.25/BBL 0.74%
Natural Gas : $3.24/MMBtu 3.18%
Updated in last 24 hours