SOCAR, PTT Public Co Ltd ink one-year agreement

The agreement is aimed at delivering 1m barrels of Azeri Light crude oil a month to Thailand Oil Refineries under FOB or CFR conditions.

This is SOCAR's first long-term agreement with the refinery. The deal will enable SOCAR to deliver efficient and quick marketing of the crude oil.

PTT Public Co Ltd. is one of Thailand's biggest companies engaged in production, refining, transit, import and export of crude oil and natural gas. It holds a stake in four refineries at the capacity of 925,000 barrels a day. APA-Economics