PTT expects Chinese demand to help profits | Bangkok Post: business

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PTT expects Chinese demand to help profits

Energy giant earmarks $2bn for investments

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PTT Plc, the national energy conglomerate, expects a net profit next year on a par with this year, even though this year it will have realised oil inventory. 

The company, which intends to revise its five-year investment plan, said demand for petrochemicals in China will be a major positive factor next year.

Surong Bulakul, the chief financial officer, said under the plan the company has earmarked US$2 billion to $2.5 billion per year for investments excluding mergers and acquisitions.

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