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Joining Singapore Key to Thailand Oil Hub Plan.

Bangkok Post (Bangkok, Thailand)

| December 05, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nareerat Wiriyapong

Dec. 5--Strategies to complement the Singapore hub and create attractive atmosphere for oil traders are critical to promoting Thailand as a regional energy trading hub, an energy expert said yesterday.

Instead of competing directly, Thailand and Singapore should tap each other's strengths, said Khunying Thongtip Ratanarat, executive director of the Petroleum Institute of Thailand.

Singapore is very strong in marine transport for oil shipments but it needs a country like Thailand as a transit point to penetrate inland markets.

"Singapore could reach inner markets such as southern China, Burma, Laos and ...

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Source: HighBeam Research, Joining Singapore Key to Thailand Oil Hub Plan.