Thai firm invests $368m in refinery refurbishment

The investment will boost the companies refining output.

Bangchak's 120,000 bpd will run at 90,000 bpc during the refurbishment in May.
Bangchak's 120,000 bpd will run at 90,000 bpc during the refurbishment in May.

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.

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