BUSINESS – Thai Oil plans $1 billion investment in Burma

The largest oil refiners in Thailand, Thai Oil Public Co Ltd, has announced its intention to invest about US$1 billion in Burma this year, according to the Bangkok Post. Executive officer Veerasak Kositpaisal said Thai Oil has proposed two investment projects to the Burmese government including the construction of an oil refinery in Thanlyin, just outside Rangoon, which would produce 40,000 barrels per day.