Majority state-owned Bangchak Petroleum Plc (BCP) plans to become the second national oil company after its major shareholder PTT Plc.
Bangchak’s existing refinery on Sukhumvit Road has capacity of 120,000 barrels per day but is near the inner city, with high land prices and no vacant land available for expansion. A feasibility study will look into building a second, 100-billionbaht facility outside of Bangkok to raise capacity to 300,000 barrels per day.
President Anusorn Sangnimnuan, who will step down at the end of this month after eight years at the helm, yesterday said he has accomplished his top priority during his two terms.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.