Saudi Aramco signs MoU with Thailand’s PTT to expand downstream presence in Asia

12/05/2022 Argaam

The signing ceremony

Saudi Arabian Oil Co. (Saudi Aramco) signed on May 11 a memorandum of understanding (MoU) with Thailand’s national oil company PTT, as it expands its downstream presence in Asia.

 

The companies aim to strengthen cooperation across crude oil sourcing and the marketing of refining and petrochemical products and liquefied natural gas (LNG), Saudi Aramco said in a statement received by Argaam.

 

Other potential areas of activity include blue and green hydrogen and various clean energy initiatives.

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