Thursday, February 10, 2011

Thai PTT in talks with Socar in pursuit of plans of third crude storage offshore Malaysia

Thailand’s PTT Pcl plans to lease a supertanker from Titan Petrochemicals to store crude oil for its refineries and for trading, as per Reuters. PTT is in talks with Socar Trading, the Geneva-based trrading arm of Azerbaijan's state energy firm, to sub-lease half of the Very Large Crude Carrier (VLCC).

For more details on Thai PTT in talks with Socar in pursuit of plans of third crude storage offshore Malaysia click here

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