Thai Oil plans to run at full capacity in 2010

Thai Oil said its 275,000 barrel-per-day refinery should continue to run at full capacity in 2010 because it can use some products to feed its petrochemical plant. Thai Oil’s plan contrasts with the trend among major global oil refiners, which have reduced their operating rates as the sector is facing weak refining margins in the face of a supply glut. “We are sticking to our plan to run at full capacity for this year and next because we have already signed contracts to supply oil products with PTT,” Chief Executive Surong Bulakul said. (October 27, 2009)