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PTT foresees steady growth: Prasert: Crude prices of $40-55 likely.

Bangkok Post (Bangkok, Thailand)

| January 04, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jan. 4--PTT Plc, the state oil-and-gas conglomerate, expects steady growth of the energy sector this year due to the continued expansion of the Thai economy.

The oil industry in 2006 will grow at a stable pace, with crude prices expected to be in the range of $40 to $55 per barrel, said PTT president Prasert Bunsumpun.

"I think they will stay at $40 to $50 throughout the next three to five years," said Mr Prasert.

Continued global economic expansion is another positive factor. China and India are projected to post growth of around 8 percent in 2006 while Europe and the United States will still do well.

He projected the refining margin ...

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Source: HighBeam Research, PTT foresees steady growth: Prasert: Crude prices of $40-55 likely.

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