The Foreign Minister, Sihasak Phuangketkeow, has confirmed that Russia is ready to sell oil to Thailand, as the government seeks to secure additional energy sources amid ongoing global uncertainty. The move comes as Thailand maintains oil reserves sufficient for 96 days but faces risks linked to continuing conflict. The effort aims to strengthen energy security and ensure stable fuel supplies. Get today's headlines by email The minister made the remarks while in Vienna, Austria, to attend the Global Fraud Summit at the Vienna International Centre on March 16–17, 2026. He said the government, under the direction of the Prime Minister, is actively exploring alternative suppliers due to the unpredictable nature of the fighting. Thailand has already contacted several countries, including Russia, Brazil, Nigeria and Kazakhstan, to assess potential oil supply options. Sihasak also noted that the United States had relaxed certain sanctions, allowing vessels departing ports to sell oil to other countries, potentially widening supply channels. However, he stressed that any agreements would require further detailed discussions by relevant agencies, including the Ministry of Energy, before being finalised. The approach reflects a broader strategy to diversify supply sources and reduce reliance on any single provider. In parallel, the minister addressed efforts to assist three remaining Thai crew members stranded on the “Mayuree Naree”. He said he had spoken with Iran’s foreign minister, who expressed condolences over the incident and pledged to coordinate with the Iranian navy in the search. However, assistance remains dependent on the evolving security situation, as fighting continues in the region. Thailand has also coordinated with Oman to liaise with Iranian authorities and instructed the Royal Thai Navy to establish direct contact. Additionally, Sihasak held discussions with Bahrain and the United Arab Emirates, both affected by the conflict, to express concern and reaffirm Thailand’s position. He emphasised that Thailand supports peace, sovereignty and territorial integrity, and opposes the use of violence. The minister added that several countries, including the UAE, had assisted in facilitating the return of Thai nationals via Dubai and Abu Dhabi. Others in Kuwait, Bahrain and Qatar have largely travelled through Saudi Arabia, though safety concerns persist. Thailand has indicated it will continue efforts to assist any citizens wishing to return home. The Nation reported that further negotiations with potential oil suppliers are expected, alongside continued diplomatic engagement to support Thai nationals abroad. The government will rely on detailed assessments by energy authorities before making final decisions on new supply agreements. Join the discussion? Already a member? Adapted by ASEAN Now Nation 18 Mar 2026
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