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Thai Oil Company Signs Oil Deals With Myanmar
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MON, FEB 25, 2002
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Petroleum Authority of Thailand(PAT) has agreed on four oil deals with Myanmar's national petroleum company, which will help the former to further expand its overseas market, the Thai News Agency(TNA) said Monday.
Abhisit Rujikiatkamjorn, PAT's Senior Executive Vice President,was quoted as saying that PAT recently signed the contracts with Myanmar's Petroleum Products Enterprise.
Under the agreement, PAT would sell 100 million liters a year of petroleum products, worth 900 million baht(20.45 million U.S.dollars) to Myanmar.
"The deals not only help PAT to expand its overseas market, but also boost its revenues", he said.
The agreement would run until February 2003, with the possibility of annual renewals, he stated.
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Editor:Zhong Source:Xinhua
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