To deepen the inter-governmental railway co-operation between two countries, Two Memorandum of Understanding (MoU) between India and Bangladesh signed

Sep 6, 2022 | Business


Following the visit of Multi-sectoral scoping Indian Railways delegation to Bangladesh in April 2022 and the recent meeting between Minister of Railways of India and Bangladesh Railway Minister on 1st June 2022, to further promote friendly cooperation between the two countries and deepen the inter-governmental railway co-operation between the two countries, Two Memorandum of Understanding (MoU) between India and Bangladesh have been prepared. These MoUs have been signed and exchanged on 06th September 2022 during the visit of Hon’ble Prime Minister of Bangladesh, Sheikh Hasina to India.


  1. Memorandum of Understanding on “Training of Bangladesh Railway Employees in the training Institute of Indian Railways”


The purpose of this MoU is to provide the framework of cooperation and to facilitate training of employees of Bangladesh Railway at the training institutes of Indian Railways including field visits. This will include designing, coordinating, conducting seminars, workshops, classroom and fields training. Indian Railways will also coordinate with officials of Ministry of Railways, Government of Bangladesh, as required, including visiting and assisting in setting up and improving training facilities in Bangladesh and study requirements.


  1. Memorandum of Understanding on “Collaboration in IT Systems such as FOIS and other IT applications for Bangladesh Railway”.


For all aspects of computerization like passenger ticketing, freight operations and control office, train inquiry system, digitization of asset management, HR and Finance infrastructure in Bangladesh Railway, Ministry of Railway, Government of India, through Centre for Railway Information System (CRIS), will offer IT solutions to Bangladesh Railway.


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Aramco and PTT deepen energy cooperation in Thailand

May 13, 2022 | Business

DHAHRAN – WEBWIRE –

  • MoU targets supply and trading of crude oil, petrochemicals and LNG
  • Feasibility of different feedstock processing models studied
  • Focus on clean energy, carbon capture and electric vehicles
  • Potential collaboration across upstream and downstream operations

Saudi Arabian Oil Company (“Aramco”) is exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia. The two companies signed a memorandum of understanding at a ceremony in Bangkok on May 11.


The companies aim to strengthen cooperation across crude oil sourcing and the marketing of refining and petrochemical products and liquefied natural gas (LNG). Other potential areas of activity include blue and green hydrogen and various clean energy initiatives.


Ibrahim Al-Buainain, Aramco Vice President Sales, Trading and Supply Planning, said: “Today represents an important step forward as we deepen and broaden this relationship to achieve greater cooperation across a wide range of activities, from sourcing crude oil and marketing refining and petrochemical products and LNG, to exploring blue and green hydrogen and progressing other clean energy initiatives.”


Auttapol Rerkpiboon, PTT President & Chief Executive Officer, said: “Today marks a significant milestone for PTT and Aramco as we look to the future and extend our collaboration beyond conventional energy. It also reflects our ongoing commitment to security of supply as we embrace the energy transition.”


Disathat Panyarachun, PTT Senior Executive Vice President, International Trading Business Unit, said: “PTT and Aramco have built strong ties around the supply and trading of crude oil and other products. Extending our collaboration across the value chain to include emerging decarbonization initiatives is a great opportunity to strengthen our relationship and foster further business growth. This also aligns with our ‘green and clean’ strategy which aims to reduce greenhouse gas emissions.” 


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IMAGE CAPTION:


Mr. Disathat Panyarachun, Senior Executive Vice President, International Trading Business Unit, PTT, Mr. Auttapol Rerkpiboon, President & Chief Executive Officer, PTT, Mr. Ibrahim Al-Buainain, Vice President of Sales, Trading & Supply Planning, Saudi Aramco.