Thai firm invests $368m in refinery refurbishment
The investment will boost the companies refining output.
Bangchak Petroleum have announced plans to invest $368 million this year in order to upgrade its refinery in Thailand, Reuters are reporting.
Bangchak's 120,000 barrel-per-day refinery will run at 90,000 to 94,000 bpd this year, lower than last year's 99,340 bpd, because of a planned maintenance shutdown in May, the company said in a statement.
The refiner is also keen to invest in solar farms in Japan, and expects to decide investment details in the middle of 2014, the company said in the statement.