Established in 1978 under the supervision of the Thai Ministry of Energy, PTT officially became an independent state-owned corporation in 2001. Since then, PTT has grown robustly with activities not only in the petroleum sector but also expanding into various other fields such as renewable energy, chemicals, storage and distribution services, real estate, and insurance.

One of PTT’s strengths lies in its production and distribution processes for crude oil and derived products. From exploration, extraction, transportation to processing and distribution, PTT maintains a continuous and safe supply chain of crude oil and products. This has helped PTT build trust and credibility from both customers and partners domestically and internationally.

Moreover, PTT also focuses on developing renewable energy sources such as solar, wind, and biomass. Investing in renewable energy projects not only helps Thailand reduce dependence on fossil fuels but also contributes to reducing emissions and environmental pollution.

However, PTT also faces various challenges, including competition from international enterprises, climate change, and the need for sustainable growth in society. To address these challenges, PTT continually innovates and enhances its competitive capabilities through investments in technology research and development, efficient management, and human resource development.

Scale and Operations

PTT currently owns the entire gas pipeline system in the Gulf of Thailand and invests in several gas fields in Myanmar. PTT’s revenue accounts for approximately 10% of Thailand’s total economic output.

PTT has numerous subsidiaries, notably including PTT Exploration and Production (PTTEP), PTT Global Chemical (PTTGC), PTT Asia Pacific Mining (PTTAPM), and PTT Green Energy (PTTGE).

Today, PTT is not just an oil conglomerate but also a diversified energy conglomerate. They have proposed a $2 billion investment in a Thai EV partner, PTT’s first major investment in the electric vehicle industry, marking a transition from fossil fuels to clean energy sources.

With steady strides, PTT not only solidifies its position in the oil market but also actively contributes to the sustainable development of Thailand and Southeast Asia. They continue to expand operations, seek opportunities, and innovate to meet the increasing demands of the market and society