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Thai Oil Says to Decide Next Year on $3 Bln Refinery Expansion

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BANGKOK, May 24 (Reuters) - Thai Oil Pcl, Thailand's largest oil refiner, is considering expanding the capacity of its 275,000-barrel-per-day (bpd) refinery to 400,000 bpd and expects to make a decision next year, the company's official said on Tuesday.


If the project is approved, the expansion should cost around $3 billion and would be part of Thai Oil's effort to improve efficiency of existing crude distillation units, Chatchai Siriwit, manager for investor relations, told reporters after a quarterly earnings presentation.


http://www.downstreamtoday.com/news/article.aspx?a_id=52294


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