What is PTT's current stance on foreign investment in its refining and petrochemical businesses, according to its September 9 statement?

PTT clarified that pursuing strategic partnerships—including with foreign investors—in its refining and petrochemical businesses remains one of several options under consideration, with the objective of enhancing long-term competitiveness and resilience, strengthening Thailand’s energy security, increasing feedstock sourcing flexibility, expanding market access, advancing technology, and improving operational efficiency; however, no definitive agreement has been reached with any partner, and PTT emphasized it would retain majority ownership and strategic control.

What conditions or principles is PTT applying to any potential strategic partnership in its refining and petrochemical operations?

PTT stated that any strategic partnership would be structured so that PTT remains the major shareholder and retains control over the strategic direction of the involved businesses; further, any transaction would be evaluated carefully and prudently with regard to the interests of the business, stakeholders, the broader economy, and Thailand’s energy security, and would comply fully with applicable laws, regulations, and required review and approval processes—including disclosure to the Stock Exchange of Thailand for material developments.

PTT clarifies status of foreign investment talks

Sep 9, 2026

PTT clarified ongoing foreign investment talks for its refining and petrochemical units aim to boost competitiveness without definitive agreements yet. Earlier, affiliates PTTGC and SCGC explored a joint venture combining their olefin and polyolefin businesses in Thailand.

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