Thai energy minister visits Iran to request oil and gas cooperation

Dec 17, 2004 01:00 AM

Energy Minister Prommin Lertsuridej embarked on a three-day visit to Iran during which he will request the purchase of Iranian crude oil, as well as discussing the feasibility of importing Iranian natural liquid gas and Iranian investment in Thailand's land bridge project.
Speaking before setting off for Iran, the energy minister said that he was scheduled to hold talks with Iranian Petroleum Minister Bijain Zanganeh. The visit, at the request of Tehran, follows on from the signing of a Memorandum of Understanding (MoU) between the Ministry of Energy and the Iranian Petroleum Ministry on energy cooperation back in January this year.

The two men will talk over progress on an agreement with Thailand's PTT, which has submitted bids to survey two Iranian oilfields. The two governments have also signed government-to-government agreements on other oilfield surveys.
Mr Prommin said that during his visit, he would invite Iranian manufacturers of equipment and components of cars running on LNG toinvest in Thailand. Thailand currently has to import LNG components at great expense, and Iranian investment would considerably reduce costs.

The National Iranian Oil Company (NIOC) will also be invited to invest in Thailand's land bridge project, both in oil pipelines and in oil refineries and storage facilities. Mr Prommin's visit will see the signing of an MoU between PTT, the NIOC and the Malaysian national oil company Petronas on the feasibility of cooperation on developing phase 11 of the South Pars natural gas field.
To mark 50 years of diplomatic relations between Thailand and Iran, Dr Prommin will hold talks with Mr Hashemi Bahramani Akbrat, chairman of the Expediency Discernment Council of the System, to further cement bilateral relations.

Source: TNA
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