Jump to content
Login with your Gmail HERE and start posting in seconds! ×
Don't just read! Be part of the Community! Join the conversation ×

Thailand-china To Jointly Invest In Oil Pipeline

george

By george
in Thailand News Headlines

 Share

Recommended Posts

george Legendary Member

george

Posted
Posted

Thailand-China to jointly invest in oil pipeline

BANGKOK: -- Negotiations are underway between PTT Public Company Limited (PTT) and China Petroleum and Chemical Company, or Sinopec, on a proposed joint venture on an oil pipeline project across southern Thailand.

The oil pipeline project is aimed at reducing costs of shipping oil from Thailand to Northern and Eastern Asia, the Thai News Agency reported Friday.

The pipeline will run from the southern resort island of Phuket, taking crude oil and petroleum products to be loaded on tankers and shipped to the northeastern and eastern markets, including China and Japan.

With the pipeline, shipments of crude oil and petroleum products from the Middle East to the destinations through the Strait of Malacca, which passes Indonesia and Malaysia, will take less time -- about one week faster.

The PTT is conducting a feasibility study of the project, which is expected to be completed by the end of this year.

--Agencies 2004-06-12

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""