Petroleum Authority of Thailand (PTT) was established on December 29, 1978, concurrently in the period of the second world crisis of petroleum shortages. It played an important role in solving the second world oil crisis.
TRIUMPH OF CELEBRATION
Following the privatization of the state enterprise "Petroleum Authority of Thailand", PTT Public Company Limited or "PTT" was registered on October 1, 2001 "under Corporatization Act B.E. 2542 (A.D. 1999). PTT inherited from its predecessor or business operations, rights, debts, liabilities, assets and personal. PTT has an initial registered capital of Baht 20,000 million (10 Baht/share). Having the Ministry of Finance as the largest shareholder, the company was listed on. PTT pioneered the sale of "PTT Hi Octane Unleaded." It is Thailand's first international petroleum and petrochemical research and development institute.
PTT has its Gas Unit, Oil and Retail Business, International Trading Unit, Petroleum Exploration and Production Business, Petrochemical Business, Refining Business, Foreign Investments Business. Its product range includes PTT Blue Innovation, PTT Lubricants, PTT NGV, Cooking Gas (LPG), Aviation Fuel, Marine Fuel, Industrial Fuel, Petrochemical Products, Natural Gas Products and it also provide services like PTT Oil e-Service/m-Service, Storage Service, Café Amazon, Jiffy etc.
It maintains a good standing corporate status in Thai society by exercising environment stewardship of internationally accepted standards and helping to improve the quality of life for the community and society. It believes in conducting fair business practice with all partners while promoting trust, relationship, and cooperation to expand business capability and increase efficiency in long-term business partnership.
PTT commenced its primary mission in expediting to procure adequate oil for domestic consumption. That was such a drive for PTT to seek additional indigenous petroleum reservoirs for the benefit of the country. As a result, Thailand has been able to increase energy security while reducing. It stands strong on PTT Group values such as Synergy, Performance Excellence, Innovation, Responsibility for Society, Integrity and Ethics, Trust and Respect.
To conduct integrated energy and petrochemical business as the nation's energy company whose mission is to equally respond to all stakeholders PTT ensures long-term energy security by providing adequate high-quality energy supply at fair prices to support economic growth. It operates profitable business that leads to sustainable growth while generating optimum returns. It ensures customer satisfaction and loyalty by delivering world-class quality products and services at fair prices. It also promotes capability building professionally and ensures employees’ well-being.
• It is Thailand's first international petroleum and petrochemical research and development institute.
• The first LNG receiveing Terminal in Southeast Asia.
• It played an important role in solving the second world oil crisis.
• PTT pioneered the sale of "PTT Hi Octane Unleaded".