PTTEP: Fueling growth with centralisation
Oct 26, 2015
How PTTEP slashed daily working capital needs by $150mln
Thailand’s petroleum giant tells CT how it centralised cash and liquidity management to cut down its minimal working capital requirement and support more investments.
Driven by an aggressive expansion goal to double production volumes and sales volumes in five years, the Thailand’s national oil producer kicked off an ambitious treasury transformation project in mid-2013, which includes utilising treasury centre for liquidity and cash concentration as the first step.
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