PTT is pursuing "Project Genesis," seeking international strategic partners to take equity stakes in its refining and petrochemical operations while maintaining majority control. The CEO clarified that partnerships must deliver synergy across four dimensions: margin improvement, technology transfer, feedstock flexibility, and market access—not just capital. However, timeline clarity on deal closure has become uncertain due to geopolitical instability (Middle East tensions, shipping disruptions), volatile crude premiums, and government refinery margin controls affecting investor confidence. New major global crude producers are now entering talks, seeking Asia exposure and hedging against Middle East risk.