PTTEP invests $2.28 billion in Canadian oil sands project

The record outward investment by a Thai company helps PTTEP to gain a foothold in the world’s second-biggest source of crude oil.
November 24, 2010

Thailand’s PTT Exploration & Production is taking advantage of the strong baht to buy a $2.28 billion stake in a Canadian oil sands project from Statoil.

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