Thailand’s largest oil company PTT Plc is looking to buy into several businesses globally that are affected by the global credit crunch, assistant managing director for business development Thevin Vongvanich told a seminar held by Krungthep Thurakij business daily.

He said the global financial crisis has slowed down the world’s demand for oil, as well as economic growth. However, it has created an opportunity to buy into the foreign energy firms, which are encountering liquidity crunch.

“We would take this step carefully, because there are business risks from the crisis,” Mr. Thevin said.

He said PTT has been endorsed by both local and foreign banks in raising funds for the activity.