CORPORATE REPORT - PTT's next step

PTT is Thailand's biggest energy company and one of its best-known names, with sprawling interests in gas, oil and petrochemicals. The company's very size and majority state ownership has meant that the Ministry of Finance (MoF) considers it to be an ideal target to invest in troubled Thai Petrochemical Industry (TPI), the biggest credit defaulter in Thailand's history. Along with haggling with the MoF about a strategic stake in TPI, PTT is also aiming to consolidate its petrochemical industries and oil refineries and expanding its liquid natural gas facilities. Richard Morrow asks PTT president Prasert Bunsumpun how long it will take and how much it will cost to meet these complex objectives.