Thai Oil to invest $5b over five years, to boost refining capacity by 30%

Thai Oil to invest $5b over five years, to boost refining capacity by 30%

Image from Thai Oil's website.

Thai Oil Pcl, one of Thailand’s major oil refineries and a subsidiary of energy conglomerate PTT Pcl, plans to set aside a budget of around $5 billion for its investment over the next five years, aiming to boost its refining capacity of crude oil distillation unit from 275,000 barrels a day to 400,000 barrels.

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