Thailand and Timor-Leste sign energy deal
Prasert Bunsumpun (right), chief executive officer and president of PTT Plc, is seen signing the MoU with Alfredo Pires (left), the secretary of state for natural resources of Timor-Leste, which was witnessed by Prime Minister Abhisit and President of Timor-Leste Jose Ramos Horta (standing left).
Thailand’s oil and gas conglomerate PTT Plc yesterday signed a memorandum of understanding (MoU) on energy development with Timor-Leste’s Ministry of Natural Resources in a bid to cooperate on energy development with the Southeast Asian republic.
PTT, on behalf of the country’s energy firm, will also provide budget assistance to Timor-Leste officials for management and energy technology implementation.
The signing of the MoU, which took place at the Ministry of Foreign Affairs, was witnessed by visiting Timor-Leste President Jose Ramos-Horta and Prime Minister Abhisit Vejjajiva.
In addition, PM Abhisit told Timor-Leste President Jose Ramos-Horta that the Thai Foreign Affairs Ministry is ready to extend the earlier MoU on economy and technical expertise which expired in 2007 in an effort to strengthen the good relations between the two nations and Thai officials will visit East Timorean capital of Dili to discuss details and review bilateral cooperation in the near future.
The premier also said Thailand as current chair of the Association of Southeast Asian Nations (ASEAN) will support Timor-Leste in becoming a member of the regional group in 2012.
The Timor-Leste president arrived in Bangkok on Sunday for a three-day official visit during which he is expected to have an audience with His Majesty the King at Klai Kangwol Palace in Hua Hin, Prachuab Khiri Khan Province, today.
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