As it expands its downstream presence in Asia, Aramco is looking into further collaboration with Thailand’s national oil company, PTT.

The companies want to improve their collaboration in sourcing crude oil and marketing refining and petrochemical products, as well as liquefied natural gas (LNG). Blue and green hydrogen, as well as various clean energy initiatives, are other potential areas of activity.

Ibrahim Al-Buainain, Aramco Vice President Sales, Trading and Supply Planning, 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.”

Auttapol Rerkpiboon, PTT President & Chief Executive Officer, said: “Today marks a significant milestone for PTT and Aramco as we look to the future and extend our collaboration beyond conventional energy. It also reflects our ongoing commitment to security of supply as we embrace the energy transition.”