Post by account_disabled on Dec 26, 2023 4:36:26 GMT -6
The PTT board agreed to allow PTT and subsidiaries in which PTT holds 100% of shares to reduce investment plans for 2020 from 69,310 million baht to 53,901 million baht, or a decrease of 15,409 million baht, to suit the situation. and economic conditions affected by the COVID-19 outbreak and the oil price war, Mr. Atthaphon Rerkpiboon, Chief Executive Officer and the President of PTT Public Company Limited or PTT wrote a letter to the directors and managers of the Stock Exchange of Thailand on 28 May 2020 regarding adjustments to the investment plan for 2020 of PTT and its subsidiaries. in which PTT holds 100% of shares. The Board of Directors' meeting today (28 May 2020) reviewed the investment plan of PTT and its subsidiaries in which PTT holds 100% of shares and approved the reduction.
Investment plan for 2020 from 69,310 million baht to 53,901 million baht, or a decrease of 15,409 million baht. This reduction in the said investment plan In accordance with management Telegram Number Data measures “Reduce - postpone - postpone” to suit the situation and economic conditions affected by the spread of COVID-19. and the oil price war The details are as follows: In 2020, natural gas business, the original limit was 5,799 million baht, remaining 3,461 million baht, a decrease of 2,338 million baht, natural gas pipeline business, the original limit was 9,579 million baht, remaining 9,005 million baht, decreasing 574 million baht, business International trade, the original limit was 179 million baht, reduced to 117 million baht, a decrease of 62 million baht, technology and engineering business, the original limit was 5,836 million baht, reduced to 3,722 million baht, decreased 2,114 million baht, including head office, the original limit was 669. million baht to 549 million baht, a decrease of 120 million baht, downstream petroleum business.
The original limit was 44 million baht, reduced to 30 million baht, a decrease of 14 million baht, and investments in companies in which PTT holds 100% of the shares, the original limit was at 47,204 million baht, remaining 37,017 million baht, a decrease of 10,187 million baht, based on a review of the above investment plan Most of them are investment changes in companies in which PTT holds 100% of the shares, the natural gas business and the technology and engineering business group. Most of them reduced investment budgets for projects that have not yet begun operations. However, investment projects that are under construction Still proceeding according to the original investment plan, such as the 5th natural.
Investment plan for 2020 from 69,310 million baht to 53,901 million baht, or a decrease of 15,409 million baht. This reduction in the said investment plan In accordance with management Telegram Number Data measures “Reduce - postpone - postpone” to suit the situation and economic conditions affected by the spread of COVID-19. and the oil price war The details are as follows: In 2020, natural gas business, the original limit was 5,799 million baht, remaining 3,461 million baht, a decrease of 2,338 million baht, natural gas pipeline business, the original limit was 9,579 million baht, remaining 9,005 million baht, decreasing 574 million baht, business International trade, the original limit was 179 million baht, reduced to 117 million baht, a decrease of 62 million baht, technology and engineering business, the original limit was 5,836 million baht, reduced to 3,722 million baht, decreased 2,114 million baht, including head office, the original limit was 669. million baht to 549 million baht, a decrease of 120 million baht, downstream petroleum business.
The original limit was 44 million baht, reduced to 30 million baht, a decrease of 14 million baht, and investments in companies in which PTT holds 100% of the shares, the original limit was at 47,204 million baht, remaining 37,017 million baht, a decrease of 10,187 million baht, based on a review of the above investment plan Most of them are investment changes in companies in which PTT holds 100% of the shares, the natural gas business and the technology and engineering business group. Most of them reduced investment budgets for projects that have not yet begun operations. However, investment projects that are under construction Still proceeding according to the original investment plan, such as the 5th natural.