East Timor: Thailand to fund development of Timorese energy resources

14 January 2009

Bangkok, Thailand, 14 Jan – Thai oil group PTT Public Co. plans to cooperate with the East Timor Natural Resources Ministry to develop energy resources, under the terms of an agreement signed Monday in Bangkok.

The agreement, which was signed by East Timor’s President, José Ramos-Horta, and by Thai Prime Minister, Abhisit Vejjajiva, includes Thailand providing financial assistance for East Timorese staff to study management systems and energy Technologies at PTT, the biggest company in the sector in Thailand.

In an attempt to strengthen relations between the two countries, Abhisit told Ramos-Horta that his government planned to renew a previous agreement on economic cooperation and technical training which ended in 2007. Thai officials are due to travel to Dili soon in order to discuss the details of bilateral cooperation in the future.

During the meeting, the Thai Prime Minister told Ramos-Horta that Thailand, as the current president of the Association of Southeast Asian Nations (ASEAN), would support East Timor’s entry as a member of ASEAN in 2012. (macauhub)