PTT, Aramco talk refinery

Mon, 10 Mar 1997 | Source: REUTERS

BANGKOK (Reuter): The Petroleum Authority of Thailand (PTT) is discussing a refinery development deal in southern Thailand with Saudi Aramco, the Bangkok Post reported over the weekend.

Aramco is interested in a expanding its finished oil products business and is looking for a refinery location from which to supply target South Korean and Japanese markets, the paper attributed PTT Governor Pala Sookawesh as saying.

PTT is also in talks with Kuwait Oil Co, Japan's Itochu Corp and other unspecified Chinese and Korean firms to develop refineries in Thailand's southern seaboard development area 1,000 km south of Bangkok, the paper said.

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