Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



PTT venture to build condensate splitter in Timor

02.06.2013  | 

PTT International will own around 70% of the venture and petroleum firm Timor Gap will own the rest. The companies also agreed to jointly engage in condensate trading activities, he said, adding that the two deals require a combined investment of 5 billion baht ($168 million).

Keywords:

BANGKOK -- An overseas investment arm of PTT, Thailand's largest energy conglomerate, has clinched a joint venture agreement with state-owned Timor Gap to construct a 40,000 bpd condensate splitter in Timor, Thai Energy Minister Pongsak Raktapongpaisal said Wednesday.

PTT International will own around 70% of the venture and petroleum firm Timor Gap will own the rest, he told reporters without elaborating on the time frame for the project.

A portion of output from the plant will be supplied to PTT's petrochemical producers, said Mr. Pongsak.

PTT International and Timor Gap also agreed to jointly engage in condensate trading activities, he said, adding that the two deals require a combined investment of 5 billion baht ($168 million).


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


66%

34%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.