On 4th November, PTT and its subsidiaries unveiled “Petroleum Outlook Team,” an effort to brainstorm ways to cope with oil prices and manage the business. It was predicted that the oil price for the year 2011 would keep fluctuating around 75-90 USD per barrel. Also included in the event was a discussion among Thailand’s economic and energy gurus giving analytical insights. Dr. Prajya Phinyawat, Chief Operating Officer of Downstream Petroleum Business Group of PTT Public Co., Ltd. disclosed that PTT and its subsidiaries, which consist of PTT PLC., Thaioil PCL., PTT Aromatics and Refineries PLC., IRPC PLC., and Bangchak Petroleum PLC., had jointly set up the “Petroleum Outlook Team,” which is part of the Oil Supply Chain Integration Management plan. The team is responsible for monitoring the oil market situation, exchanging knowledge, evaluating results and forecasting the oil price for petroleum business planning in both the short and long term, as well as managing the risks with regards to the price of raw materials and products. The results will serve as a database to be disseminated to the public and other organizations for reference purposes in continuous business management. The information will be released through printed media, radio, television, and the website www.pttplc.com. In the future, the “Petroleum Outlook Team” is also set to evolve into an institute specializing in monitoring and forecasting energy situations.
On 4th November, PTT and its subsidiaries unveiled “Petroleum Outlook Team,” an effort to brainstorm ways to cope with oil prices and manage the business. It was predicted that the oil price for the year 2011
- Rungwigrai Payakkanuwat
- November 4, 2010
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