Thaioil's massive investment plans on
US$1.8bn slated for five-year period
- Published: 15 Jun 2012 at 00.00
- Newspaper section: Business
Thaioil Plc (TOP), Thailand's largest oil refiner, is proceeding with a US$1.8-billion investment programme, upgrading refineries, increasing efficiency, improving infrastructure, and building capacity in high value-added petrochemicals.
Veerasak: Looking at Indonesia, Myanmar
Newly appointed chief executive Veerasak Kositpaisal said the spending is budgeted for 2012-17 at an average rate of $300 million a year. He added that half the total investment has been approved by the board.
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