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BANGKOK, THAILAND - Media OutReach Newswire - 1 May 2024 - The National Anti-Corruption Commission (NACC) reached a resolution that four former executives of the Thai State-owned oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), are found guilty of corruption, collusion, and bribery in connection to PTTEP's Arthit Offshore Gas Field Project.The NACC was made aware...

<p>BANGKOK, THAILAND - <a href="https://www.media-outreach.com">Media OutReach Newswire</a> - 1 May 2024 - The National Anti-Corruption Commission (NACC) reached a resolution that four former executives of the Thai State-owned oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), are found guilty of corruption, collusion, and bribery in connection to PTTEP's Arthit Offshore Gas Field Project.</p>

The national energy company logged an annual net income of $2.2 billion.

PTTEP reported successful operational performances for the fiscal year 2023 as planned. The company remitted payments of THB 54,280 million to the government. The dividend payment for 2023 is approved at THB 9.50 per share. In 2024, total budget of

PTTEP has unveiled its 2022 investment plan and 5-year investment plan (2022-2026) with primary focuses on maintaining production volumes and increasing petroleum reserves from major assets, developing key projects adding to future production volume as well as capturing new business opportunities to foster sustainable growth during energy transition.