Saturday, January 28, 2012

Thaksin's oil search continues

Thaksin Shinawatra is on the move again. He tells the Bangkok Post this morning that he is in Lebanon to "pave the way" for PTT Exploration and Production Plc to bid for a concession to explore oil blocks.

The Post said a source in PTT said the management was unaware of Thaksin's move -- and that it had not received an invitation to join the bidding from Lebanese authorities.

In a telephone interview with the Post, the former premier said he expected to meet with Lebanese prime minister Nijib Mikati.

He said the Lebanese government would favour deals with oil companies from Asia as it is not on good terms with the US.

He believes PTTEP, a subsidiary of PTT Plc, would be part of a consortium to win the bid.

Thaksin was recently also in Cambodia -- just as Thai Foreign Minister Surapong Vichakchaikul was talking about joint ventures to explore for oil in the overlapping areas in the Gulf of Thailand. He was last week in Luang Prabang of Laos. Nothing to do with oil exploration, obviously. He was seen in pictures making merits at temples.

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