PTT Exploration and Production Plc (PTTEP), the only SET-listed upstream petroleum company, expects average petroleum sales growth this year will be below the 6% level expected earlier due to the stuttering economy
Chief executive and president Tevin Vongvanich said domestic demand, particularly for gas, had dropped below expectations.
Last month, PTTEP reported average daily sales volume was expected to be 326 kilobarrels per day of oil equivalent.
Domestic sales represent 70% of PTTEP's overall sales each year, with exports to Myanmar, Vietnam and Oman accounting for the rest.
PTT Exploration and Production Plc (PTTEP), the only SET-listed upstream petroleum company, expects average petroleum sales growth this year will be below the 6% level expected earlier due to the stuttering economy Chief executive and president Tevin Vongvanich said domestic demand, particularly for gas, had dropped below expectations. Last month, PTTEP reported average daily sales volume was expected to be 326 kilobarrels per day of oil equivalent. Domestic sales represent 70% of PTTEP's overall sales each year, with exports to Myanmar, Vietnam and Oman accounting for the rest.
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