PTT opens new Trading Office at Abu Dhabi Global Market
PTT join Reliance Industries of India, ICE Futures Abu Dhabi (IFAD), ADNOC Global Trading and ADNOC Trading at ADGM.
Abu Dhabi Global Market (ADGM) reinforces position as commodities trading hub, with several new trading offices.
ABU DHABI, 24th February, 2022 – PTT’s new trading office was opened by the PTT Chairman, CEO and Board of Directors, who travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and ADGM.
PTT is Thailand’s largest corporation and the only Thai company listed in Fortune Global 500.
PTT becomes part of the growing energy trading community based at ADGM, alongside ADNOC Global Trading and ADNOC Trading, which began trading operations in 2020 and ICE Futures Abu Dhabi (IFAD), which launched Murban Futures in March 2021.
The opening of India’s Reliance Industries trading offices in October 2021 further reinforced ADGM’s position as a leading commodities trading hub in the Middle East region.
PTT are a long-standing and esteemed partner and customer of ADNOC and one of the founding partners in the IFAD Exchange to trade to Murban Futures and a partner in ADNOC’s Offshore concession Blocks, 1, 2 and 3, alongside ENI for offshore exploration and production.
PTT is an esteemed addition to the growing trading ecosystem at ADGM.
The development of ADGM as a global trading hub is transforming the industry, home to several major trading companies, including Reliance Industries, IFAD as well as ADNOC’s own trading companies.
ADGM offers trading companies a dynamic industry community, secure infrastructure, regulatory environment, and strategic location to trade on international markets.
Trading in both commodities and derivatives markets has emerged as a major enabler of growth in the UAE economy.