Aramco and PTT deepen energy cooperation in Thailand

• Feasibility of different feedstock processing models studied
• Focus on clean energy, carbon capture and electric vehicles
• Potential collaboration across upstream and downstream operations

Dhahran, Saudi Arabia – Saudi Arabian Oil Company (“Aramco”) is exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia. The two companies signed a memorandum of understanding at a ceremony in Bangkok on May 11.

The companies aim to strengthen cooperation across crude oil sourcing and the marketing of refining and petrochemical products and liquefied natural gas (LNG). Other potential areas of activity include blue and green hydrogen and various clean energy initiatives.

Ibrahim Al-Buainain, Aramco Vice President Sales, Trading and Supply Planning, said: “Today represents an important step forward as we deepen and broaden…