The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday.
The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and ADGM.
PTT becomes part of the growing energy trading community-based at ADGM, alongside ADNOC Global Trading and ADNOC Trading which began trading operations in 2020 and ICE Futures Abu Dhabi (IFAD), which launched Murban Futures in March 2021.
The opening of India’s Reliance Industries trading offices in October 2021 further reinforced ADGM’s position as a leading commodities trading hub in the Middle East region.
PTT is a long-standing and partner and customer of ADNOC and one of the founding partners in the IFAD Exchange to trade to Murban Futures.
It is also a partner in ADNOC’s Offshore concession Blocks, 1, 2 and 3, alongside ENI for offshore exploration and production.