PTTEP acquired Partex Holding from Calouste Gulbenkian Foundation for $622m.

PTT Exploration and Production Public Company, a national petroleum exploration and production company based in Thailand, acquired Partex Holding, an oil & gas company, from Calouste Gulbenkian Foundation for $622m. “Partex has invested in Oman’s largest onshore oil field for more than 80 years. This acquisition is not only a gateway for PTTEP to invest in one of the strategic areas of the Middle East’s oil and gas business, but also allows us to create new business partnership with both national oil companies of Oman and UAE, and world-class oil and gas players as we follow our Expand & Execute strategy”, said Phongsthorn Thavisin, PTTEP President and Chief Executive Officer.