Thai Oil Co and PTT Plc may negotiate share swaps with Japanese partner Mitsubishi Oil Corporation in two affiliated companies as a way to deal with mounting financial problems at the two affiliates, Thai Paraxylene Co and Thai Lube Base Thai Paraxylene Co is 17%-owned by Thai Oil, 34% by PTT and 49% by Mitsubishi…
THAILAND: Thaioil and PTT to discuss share swap with Mitsubishi Oil Corp
Posted on May 7, 2004 by EnergyAsia