THAILAND, VIET NAM AGREE TO TAP OFFSHORE ASSOCIATED GAS

The Petroleum Authority of Thailand (PTT) and Petrovietnam have reached agreement in principle for a joint venture to build a $140 million gas processing plant in Viet Nam using offshore associated gas. Viet Nam's Vice Minister of Heavy Industry Pham Quoc Tyong said in Bangkok a memorandum of understanding for the plan, part of a broad cooperative venture on oil and gas between the two nations, has been concluded between the state oil agencies.

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