Crude Oil Trading

Crude oil trading activities came into existence as the result of PTT's participation in five of Thailand's six oil refineries with a combined capacity representing 90% of the country's total.

Most of crude oil fed to these facilities is imported and the task of securing the supplies comes under the responsibility of PTTIT's Crude Oil Trading unit.

The Unit was also entrusted to manage supplies of indigenous crude oil for oil refineries and petrochemical plants operated under PTT's umbrella which have an aggregated crude processing capacity of more than 900,000 barrels per day.

The comprehensive operation in crude oil trading has enabled PTTIT to effectively respond to the needs of PTT Group's facilities and adding greater value to their activities.

With such a magnitude of operation, PTT is one of Southeast Asia's largest and most respected crude oil traders with an extensive strategic network.

Its global business alliances are present at least in three areas - Middle East, Asia and Africa. Its Middle East connections include Saudi Arabia, United Arab Emirates, Oman and Qatar. For Asia Pacific, there are Malaysia, Indonesia and China. Angola and Nigeria form part of PTT's African alliance.

Fostering cordial government-to-government relations with petroleum producing countries in the Middle East and elsewhere have helped to ensure that PTT can obtain supplies at competitive prices and steady deliveries to local refineries even at the time of crisis.

Diversifying the sources of supply from secured locations has also contributed to the security of supplies while matching specific feedstock requirement by local oil refineries.

Helping marketing crude oil produced from PTT Exploration and Production Plc's various operating areas, both at home and abroad, is another important role that PTTIT is playing.

The Crude Oil Trading Unit comes with three functional sections responsible for regional crude and condensate, international crude and condensate and crude supply operations.

The functions were structured to ensure seamless efficiency that responds to refineries' demand in respect of the opportunities for swap, processing and optimizing the benefits from the procurement of crude oil for related businesses.