Thailand’s energy sector is expected to attract more
foreign investment projects in the future, thanks to high growth potential
of local energy firms, according to PTT Public Company Limited (PTT).
PTT President Prasert Bunsumpun revealed that PTT, the
country’s petroleum giant, is now listed among the world’s top 500
largest public companies.
According to a recently published annual ranking of
Forbes, a US-based globally known magazine, PTT was ranked the 372nd among
the world’s top 500 largest public companies limited in 2006, said
“PTT is the only Thai firm listed on the board of the
world’s top 500 largest public companies for the second consecutive year,
ranked 372nd position this year, up from the 425th place last year,” he
According to the Forbes’ annual ranking, Thai Oil
Public Company Limited, a PTT affiliate, was also among the world’s top
2,000 best companies this year - positioned at the 1,330th, up from its
1,595th place last year, Prasert said.
The better positions of both PTT and Thai Oil on the
Forbes’ lists reflect high growth potential of Thai energy firms, which
will boost foreign investors’ confidence in the Thai energy sector,
according to the PTT chief.
“This is expected to lead to more foreign investment
projects flowing into the country’s energy sector in the future,”
Prasert projected. (TNA)