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Results for "Refinery" found 46 items
In 2026, Thailand’s petroleum refinery business should benefit from the sharp increase in global crude oil prices during the first half of the year, which significantly supported the average gross refining margin (GRM).
Refineries can look forward to an improving business environment over 2024 to 2026. Domestic demand for refinery products will be boosted by an uptick in economic activity, particularly in e-commerce sales and the tourism sector. The industry will also benefit from increasing connectivity in trade and investment across the ASEAN region
The oil refining industry is expected to continue growing in 2025-2027, supported by the increasing domestic demand for refined oil, which is projected to grow by an average of 2.0-2.5% annually. This growth is driven by the gradual recovery of economic activities,
Oil refining is a large-scale, technology-intensive industry which utilizes large amounts of capital to exploit economies of scale
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