Thailand now oilproduct exporter

Feb 25, 1997 01:00 AM

Thailand, traditionally an oil products importer, has now become an exporter, with a surplus refining capacity forcing local refiners to export excess output of oil products.
The volume of oil products exported by local refiners reached an average of 107,619 bpd or 17.1 million litres in January, according to a report from the Department of Commercial Registration of the Thai government.The top export was high-speed diesel oil, with exports of 40 million litres a day. Gasoline followed at 8.8 million litres per day, aviation fuel 3.4 million litres per day and LPG 400 metric tons per day.The output of the products in January soared 57 % over the same period of last year to reach an average of 811,057 bpd.
The jump was due largely to the start of operation last year of two new oil refineries in the country. The two oil refineries are run by Rayong Refining Co. (RRC) and Star Petroleum Refining Co. (SPRC). RRC and SPRC, with a crude processing capacity of 145,000 bpd and 130, 000 bpd respectively, have significantly boosted imports of crude and sharply slashed those of refined products. As a result, imports of finished oil products in January dropped 71 % to 43,401 bpd, with those of gasoline plunging 73 % and diesel 55 %. Domestic demand for oil products in the month increased 8 % to an average of 720,787 bpd or 114.6 million litres per day, with consumption of gasoline up 6 %, diesel oil 17 % and LPG 12 % and fuel oil down 7 %.

Source: not available
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