Thai PTT Cuts 2015 Investment Budget To $1.4 Billion


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 2016 Thomson Reuters. Click for Restrictions.


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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Accounting Analyst Job
Expertise: Accounting|Budget / Cost Control|Financial Analyst
Location: Denver, CO
Oil and Gas job opportunity for "Big 4" Trained Auditors
Expertise: Accounting
Location: Houston, TX
Project Accountant
Expertise: Accounting
Location: Nashville, TN
search for more jobs

Brent Crude Oil : $54.33/BBL 0.81%
Light Crude Oil : $51.5/BBL 1.29%
Natural Gas : $3.75/MMBtu 1.35%
Updated in last 24 hours