Tax and Transparency

Public Endorsement of the Extractive Industries Transparency Initiative (EITI)

PTTEP adhere to our codes of business conduct which encompass monetary transparency and is reflected in our participation to the disclosure of actual financial information to multi-stakeholders as guided by the applicable laws. We also strictly comply with the contractual obligations of the projects in the host countries we operate.

PTTEP is committed to doing its business with correctness and transparency while treating all stakeholders fairly and equally under good corporate governance and the code of business conduct. To avoid revenue mismanagement, PTTEP fully supports the Extractive Industries Transparency Initiative (EITI), a global coalition of governments, companies, international organizations, investors and civil society working together to improve openness and accountable management of revenues from natural resources. EITI is an organization that accounts for improved governance in countries with extractive industries. We agree with EITI that more openness around how a country manages its natural resource wealth is necessary to ensure that these resources can benefit all citizens.

PTTEP supports EITI principles, publishing company payments and revenues from oil and gas exploration and production activities, with the goal of ensuring that our company activities contribute to sustainable development and provide reliable energy supply to all stakeholders.

In addition, PTTEP is committed to its worldwide corporate citizenship and truly believes that Good Governance is the key to sustainable future development, whereby PTTEP discloses its Tax Strategy in the key report section.