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Thread: PTT Thai Oil

  1. #1
    Member SomchaiDriver's Avatar
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    PTT Thai Oil

    Is PTT a fully owned and run Thai company or it is a subsidiary of Chevron ?


    Hardly could imagine the platforms being managed and run by a group of Somchai's.

  2. #2
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    Begbie's Avatar
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    It's a publicly listed Thai company.

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    Member SomchaiDriver's Avatar
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    Quote Originally Posted by Begbie View Post
    It's a publicly listed Thai company.
    Yes, but who runs the show ?

    I understand Chevron might.

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    Ministry of Finance1,459,885,575 51.80
    2Vayupak Fund 1 by MFC Asset Management Plc.217,900,000 7.73
    3Vayupak Fund 1 by Krung Thai Asset Management Plc.217,900,000 7.73
    4HSBC (SINGAPORE) NOMINEES PTE LTD.59,117,288 2.09
    5CHASE NOMINEES LIMITED 4246,347,400 1.64
    6Thai NVDR Co., Ltd.44,627,201 1.58
    7STATE STREET BANK AND TRUST COMPANY42,649,005 1.51
    8NORTRUST NOMINEES LTD.40,729,686 1.44
    9MELLON BANK, N.A. 29,622,665 1.05
    10THE BANK OF NEW YORK (NOMINEES) LIMITED26,954,391 .95
    11HSBC BANK PLC-CLIENTS GENERAL A/C21,251,600 .75
    12Social Security Office20,755,100 .73
    13Government Pension Fund18,313,100 .65
    14STATE STREET BANK AND TRUST COMPANY FOR LONDON16,189,825 .57
    15GOVERNMENT OF SINGAPORE INVESTMENT CORPORATION C15,305,300 .54

    The Thai ministry of finance owns the majority. If Chevron has any equity, it is hidden under nominee companies as is typical in the western corporate world.
    probes Aliens

  5. #5
    Thailand Expat
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    Quote Originally Posted by SomchaiDriver View Post
    Quote Originally Posted by Begbie View Post
    It's a publicly listed Thai company.
    Yes, but who runs the show ?

    I understand Chevron might.

    They are a wholly owned Thai company

    They have Western partners in most of their blocks who actually operate those blocks

    that is a fairly common scenario around the world, experience is what counts

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