PATHUM THANI, Nov 9 (TNA) – The Memorandum of Understanding (MoU) on overlapping Thai and Cambodian maritime claims if revoked will not affect Thailand’s energy security, according to PTT, Thailand's largest energy conglomerate, and the energy ministry.
The Ministry of Foreign Affairs will propose to the Cabinet on Tuesday to consider revoking the MoU signed by Thailand and Cambodia in 2001.
It will not directly impact PTT as the companies granted concessions both through Thailand and Cambodia to foreign companies from the United States, Europe, Japan and Australia, PTT president and chief executive Prasert Bunsumpun said.
However, cancellation of the MoU will delay petroleum development, he said.
PTT has little business in Cambodia, Mr Prasert said. Most are gas stations and three small oil storage facilities and all of its businesses operate as usual with normal transportation through border checkpoints which remained open.
He conceded, however, that if borders are sealed, it will affect oil transport.
Most PTT employees in Cambodia are Khmer, but the company has not yet recalled Thai workers, the PTT executive said.
Meanwhile, Thai energy minister Wannarat Channukul said the MoU if revoked will not affect the country’s energy security as PTT Exploration and Production (PTTEP) has invested in petroleum survey and production in 13 countries.
The PTTEP can conduct petroleum operations outside the overlapping areas, which have not yet been granted concession.
The current diplomatic row between Thailand and Cambodia stemmed from Prime Minister Hun Sen announcing the appointment of ousted Thai prime minister Thaksin Shinawatra as an economic adviser to Cambodian government.
Mr Thaksin was ousted in a 2006 coup and now lives abroad to avoid a two-year jail term for violating Thailand’s conflict of interest law.
Both countries have recalled their ambassadors, and Thai foreign affairs Minister Kasit Piromya said earlier he would ask the Cabinet to consider revoking the memorandum of understanding (MoU) between the two countries dealing with overlapping maritime boundaries in the Gulf of Thailand.
The Ministry of Foreign Affairs will propose to the Cabinet on Tuesday to consider revoking the MoU signed by Thailand and Cambodia in 2001.
It will not directly impact PTT as the companies granted concessions both through Thailand and Cambodia to foreign companies from the United States, Europe, Japan and Australia, PTT president and chief executive Prasert Bunsumpun said.
However, cancellation of the MoU will delay petroleum development, he said.
PTT has little business in Cambodia, Mr Prasert said. Most are gas stations and three small oil storage facilities and all of its businesses operate as usual with normal transportation through border checkpoints which remained open.
He conceded, however, that if borders are sealed, it will affect oil transport.
Most PTT employees in Cambodia are Khmer, but the company has not yet recalled Thai workers, the PTT executive said.
Meanwhile, Thai energy minister Wannarat Channukul said the MoU if revoked will not affect the country’s energy security as PTT Exploration and Production (PTTEP) has invested in petroleum survey and production in 13 countries.
The PTTEP can conduct petroleum operations outside the overlapping areas, which have not yet been granted concession.
The current diplomatic row between Thailand and Cambodia stemmed from Prime Minister Hun Sen announcing the appointment of ousted Thai prime minister Thaksin Shinawatra as an economic adviser to Cambodian government.
Mr Thaksin was ousted in a 2006 coup and now lives abroad to avoid a two-year jail term for violating Thailand’s conflict of interest law.
Both countries have recalled their ambassadors, and Thai foreign affairs Minister Kasit Piromya said earlier he would ask the Cabinet to consider revoking the memorandum of understanding (MoU) between the two countries dealing with overlapping maritime boundaries in the Gulf of Thailand.
2 comments:
NOW. It is time for Hun Sen may want to ask his newly appointed econimic advisor What he can do if Thailand decides to seal the border. How to help business and people who depends on Thai goods along border? what can Thaksin give some of his billions dollar to help Cambodian gov't?
To Hun Sen (Leader of the Cambodian People's Party Hun Sen Khmer Rouge Regime)
Since you and the CPP assassinated, executed, killed and murdered jurnalists, political opponents, leaders of the free trade union, innocent men, innocent women and innocent children;
Do you have any plan to assassinate the Thai prime minister (Abhisit Vejjajiva)?
Are you going to send Brigade 70 (Hun Sen's Death Squad Unit) to assassinate the Thai prime minister (Abhisit Vejjajiva)?
Is it true, you only kill your own peoples, you will not kill Thai and Veitnamese peoples that cannot get enough of our land?
Is it true, you only kill innocent Khmer peoples with no weapon in their hands?
Post a Comment