
Bangkok: The Sultanate of Oman and the Kingdom of Thailand today signed a Memorandum of Understanding (MoU) to enhance cooperation in the energy sector. The MoU aims to expand opportunities of partnership and joint investment, facilitate the exchange of expertise and technologies and support the development of the energy ecosystem.
The MoU was signed by Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals, and Akanat Promphan, Minister of Energy in the Kingdom of Thailand.
The MoU stems from the two countries shared desire to develop cooperation in the energy sector, consolidate their economic ties and generate broader opportunities for cooperation among their institutions and companies.
As per the MoU, areas of cooperation include encouraging investment, enhancing bilateral consultation, exchanging policies, technologies and information and developing training, knowledge transfer and the operation of joint energy projects.
The MoU lays grounds for "Oman-Thailand Energy Policy Dialogue" which will bring together representatives from the private sector in the two countries.
The dialogue will serve as an institutional platform to identify joint projects and devise a programme for long-term cooperation and engagement.
The MoU also supports the exchange of training courses and visits of experts to each other’s countries, as well as cooperation in the field of research in a manner that contributes to developing the workforce and exchanging knowledge and expertise in the energy sector.