Thai Oil's recently started petrochemical plant in Chonburi to boost profit margin

04-Aug-16

Thai Oil started operations at its new US$400 mln petrochemical plant in Chonburi, eastern Thailand. Thai Oil should boost its profit margin by 40 cents per barrel from the third quarter, the company's Chief Executive Atikom Terbsiri said to Reuters. Operations commenced at the plant in February, and it should be running at full capacity for the entire third quarter. Revenue for 2016 is expected at levels near the290 billion baht (US$8.33 bln) revenue of 2015.