Gazprom Neft, Thai PTT Sign MoU

Gazprom Neft and Thai PTT Public Company have signed a memorandum of understanding, promoting cooperation between the two companies, Gazprom Neft said October 4.

The document was signed by Alexander Dyukov, CEO of Gazprom Neft, and Tevin Vongvanich, president of PTT.

The MoU covers potential collaboration in the exploration and production of oil and natural gas in Russia and other countries, the development and production of cat-cracking and hydrotreatment catalysts, and aviation fuel supply. Additionally, the companies will consider options for scientific collaboration in industrial safety.

“This MoU confirms the commitment of both parties to further develop and intensify joint activities, and envisages the implementation of a wide range of mutually profitable projects. Additionally, for Gazprom Neft, the partnership with PTT presents an excellent opportunity to further expand our presence in the promising market of southeast Asia,” Dyukov said.

The two companies have collaborating since 2012, when Gazpromneft-Aero — the operator of the Gazprom Neft aviation refuelling business — signed an agreement with PTT to supply aviation fuel to Thailand’s airports.

Shardul Sharma