100s of titles, one news app for just $10 a month.
Dive Deeper:
Thai firms head to Saudi for official trade mission
The Thai Chamber of Commerce is scheduled to lead business delegations to Saudi Arabia for the first time in 32…
Saudi Delegation Visits Netherlands to Boost Economic, Commercial Partnership
The Saudi government says it wants to boost commercial and economic partnership in priority areas with the Netherlands. A Saudi…
Saudi Aramco's profit soars as oil prices and output jump
Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia's…
'We're open for business'
Prime Minister Prayut Chan-o-cha will use the Asean-US Special Summit in Washington, DC which is set to end later on…
One subscription that gives you access to news from hundreds of sites
Skill India International Centre to be set up at Varanasi to prepare skilled workforce for mobility to UAE
The government is creating a reliable, qualified and an able workforce that will drive economic success, not only for India…
London, Riyadh to Ensure Sustainable Solutions Meeting Global Energy Needs
A British diplomat stressed that her country would work closely with Saudi Arabia as one of the strategic partners to…
Get all your news in one place
Latest Business news:
Jeff Bezos Lashes Out at Joe Biden and The Democrats
Amazon founder had previously avoided public tussles with the federal government.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Renault hands Russian assets to Moscow
Moscow (AFP) - French automaker Renault has handed over its Russian assets to the Russian government, both parties announced Monday,…
National Carrier to Be Privatized, PM Says: Sri Lanka Latest
Debt-ridden Sri Lanka will privatize its state-run national carrier, Sri Lankan Airlines, Prime Minister Ranil Wickremesinghe said in a televised…
Bitcoin recovers above $30,000, other crypto prices today also surge; Terra cracks 31%
Cryptocurrency Bitcoin staged a modest recovery and was up more than 2%
Elon Musk Takes a Stand in Controversial Disney Copyright Case
The copyright debate has recently been revived by a bill seeking to reduce the term of protection for original works.
From analysis to good news, read the world’s best news in one place
Facebook changing with times a decade after stock debut
San Francisco (AFP) - Facebook boss Mark Zuckerberg rang the opening bell remotely to cheers 10 years ago as the…
WA craft brewer Boston Brewery creates wet hop beers to help sustain farms
WA craft brewers are experimenting with wet hop beers that can only be made using freshly harvested, local hops. It…

Saudi Aramco, Thailand’s PTT Sign MoU to Deepen Energy Cooperation

By Riyadh- Asharq Al-Awsat
Officials of Saudi Aramco and Thailand’s PTT signing an MoU on Thursday, May 12, 2022. (Asharq Al-Awsat)

Saudi Aramco and Thailand’s PTT have signed a memorandum of understanding (MoU) to deepen energy cooperation in Thailand.

The MoU targets the supply and trading of crude oil, petrochemicals, and liquified natural gas (LNG).

It focuses on clean energy, carbon capture, and electric vehicles, and outlined potential collaboration across both upstream and downstream operations.

Other potential areas of activity include blue and green hydrogen, Aramco said.

The companies also aim to strengthen cooperation across crude oil sourcing and marketing of refining and petrochemical products.

Ibrahim al-Buainain, Aramco Vice President of Sales, Trading and Supply Planning, said the MoU is an opportunity to achieve the optimal benefit from the supply chain in several vital and rapidly growing business sectors and expand in the downstream sector in Asia, which is one of the main catalysts for global demand for energy and chemical products.

Both countries have been seeking to develop ties in the economic, trade, and investment fields to meet their future aspirations.

They restored diplomatic ties earlier this year during a visit to Riyadh by Thai Prime Minister Prayut Chan-o-cha.

He held talks with Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense.

They agreed to restore ties and open a new chapter in relations after years of efforts to rebuild trust and friendship.

Both countries also agreed in March to strengthen economic ties and boost bilateral investment.

This came as Deputy Chairman of the Federation of Saudi Chambers Tariq al-Haidari discussed with Sathana Ayudhya, the Thai Chargé d'Affaires and head of the diplomatic mission at the Thai Embassy, opportunities for future cooperation, mainly in the tourism sector.

Talks tackled work to bolster public and private efforts to enhance bilateral relations and find a mechanism to increase economic and commercial cooperation.

They also discussed means of exploring investment fields and available opportunities under the Saudi Vision 2030, as well as development opportunities in Thailand, especially in the fields of green economy, renewable energy, environment, digital transformation, and cybersecurity.

Haidari underlined the private sector’s key role in developing ties with other countries, benefiting from investment opportunities, and overcoming obstacles hindering the implementation of joint commercial and industrial projects.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Thai firms head to Saudi for official trade mission
The Thai Chamber of Commerce is scheduled to lead business delegations to Saudi Arabia for the first time in 32…
Saudi Delegation Visits Netherlands to Boost Economic, Commercial Partnership
The Saudi government says it wants to boost commercial and economic partnership in priority areas with the Netherlands. A Saudi…
Saudi Aramco's profit soars as oil prices and output jump
Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia's…
'We're open for business'
Prime Minister Prayut Chan-o-cha will use the Asean-US Special Summit in Washington, DC which is set to end later on…
One subscription that gives you access to news from hundreds of sites
Skill India International Centre to be set up at Varanasi to prepare skilled workforce for mobility to UAE
The government is creating a reliable, qualified and an able workforce that will drive economic success, not only for India…
London, Riyadh to Ensure Sustainable Solutions Meeting Global Energy Needs
A British diplomat stressed that her country would work closely with Saudi Arabia as one of the strategic partners to…
Get all your news in one place