PTT, Aramco talk refinery

Mon, 10 Mar 1997, 00:00 WIB | 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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