Thai energy trader establishes Dubai operations

The trading division of the Thai national oil company, PTT, has joined the Dubai Multi Commodities Centre (DMCC), a government initiative that provides a tax-free zone, trading infrastructure and regulation to the physical commodities business.

PTT's core trading business in Dubai will be petroleum trading, mainly within east Africa and the Middle East. It aims to use its new base to facilitate the supply of crude, refined products and petrochemicals to South-east Asia; primarily Malaysia, the Ph