Saudi Aramco expands downstream presence in Asia in collaboration with Thailand’s PTT – Arabian Business

Saudi Aramco expands downstream presence in Asia in collaboration with Thailand’s PTT – Arabian Business

The 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 companies signed a memorandum of understanding at a ceremony in Bangkok, the firms confirmed in a statement.

The Aramco vice president for Sales, Trading, and Supply Planning, Ibrahim Al-Buainain, said: “Today represents an important step forward as we deepen and broaden this relationship to achieve greater cooperation across a wide range of activities, from sourcing crude oil and marketing refining and petrochemical products and LNG, to exploring blue and green hydrogen and progressing other clean energy initiatives.”