BUSINESS – Thai Oil looks to refine operations in Thanlyin

Thai Oil and PTT have submitted a proposal to Myanmar Petrochemical Enterprise to upgrade its Thanlyin refinery near Rangoon. The alliance has been on the shortlist, with the result likely to be announced in the fourth quarter. The refinery upgrade is scheduled for 2016, with initial capacity of 15,000 bpd. Burma consumes only 70,000 bpd compared with Thailand’s 850,000 bpd even though the two countries are not far apart in population size.