PTT Officially Operates PTTT USA Office with First Transaction in Place, Ready to Expand Business Worldwide
PTT Public Company Limited has officially operated the office of PTT International Trading USA Inc. (PTTT USA) in Houston, United States of America, focusing on trading of petroleum and petrochemical products. In addition, PTTT USA has prepared its first trade transaction of 6,000 metric tons of petrochemical product with an estimation of value around 5.7 Million USD (or around 180 Million THB), increasing the company’s competitive edge and completing PTT’s trading network presence worldwide.
Mr. Disathat Panyarachun, Senior Executive Vice President, International Trading Business Unit, PTT Public Company Limited said that the United States of America plays an important role nowadays being one of the world’s largest producers of oil and gas. The establishment of PTTT USA office will allow PTT to complete the expansion of its trading business in major trading hubs all over the world, strengthening PTT’s mission to create Thailand’s energy security. PTTT USA will raise PTT’s capability to 24/7 monitor and handle the possible fluctuation of the market as well. It will also provide trading opportunities across regions, when demand and supply are imbalance.
PTT International Trading Business Unit has already set up five trading offices. Apart from PTTT USA, which is wholly owned by PTT, the other office locations are at the heart of world’s trading hubs. Singapore office is responsible for Far East Region, while Shanghai representative office takes care of China market. Furthermore, London office covers trading activities in Europe and Africa, meanwhile, Abu Dhabi office in the United Arab Emirates handles trading in the Middle East and is in charge of ICE Futures Abu Dhabi (IFAD) trading, which PTT is one of the co-founders.
Mr. Disathat added that amid the current instability and challenging situations, market insight allows companies to gain more competitive advantage in terms of business adjustment and risk management. PTT International Trading Business Unit is confident to help sustain Thailand’s energy security with our global network in strategic areas across the world.