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Thai oil refiner Bangchak to invest $202mn in 2013

Published January 24, 2013 Updated January 24, 2013 12:36pm

 

Bangchak, which has a nameplate refining capacity of 120,000 bpd, ran at 80,000 bpd in 2012 after a shutdown for repairs following a fire that damaged its crude distillation unit in July, it said in a statement.

 

The refiner aimed for an earnings before interest, tax, depreciation and amortisation (EBITDA) of 10 billion baht this year, up 30 percent from a year earlier, and expected average refining margin of $7 a barrel this year when it has no shutdown plan, the statement said.

 

Copyright AFP (Agence France-Presse), 2013