Thailand Trader to Open Its Representative Office in Baku
Azerbaijan, Baku, 12 March / Trend / PTT Intertrade from Thailand plans to open its representative office in Azerbaijan, the company said. PTT did not divulge the exact date when the office will be opened.
"Representative offices are expected to be opened within the next few months in Azerbaijan and Indonesia," the company said.
In firs quarter of 2007, the State Oil Company of Azerbaijan (SOCAR) and PTT signed an annual contract, and according to which SOCAR will supply 1mln barrels of light oil to oil refineries of the company per month.
SOCAR produces light oil in the Azeri-Chirag-Guneshli field within the Contract of the Century- signed in 1994.
PTT, one of the biggest Thai companies, deals with the operations on production, refining, transportation of the oil and gas, as well as other export and import operations on the crude oil. The company has shares in 4 oil refineries in Thailand, with a refining capacity of 925,000 barrels per day.