Mr Chaiwat sees the importance of non-oil businesses, but the oil industry will continue to be a backbone of economic activities.
The age of renewable energy, with electric vehicles (EVs) predicted to dominate the transport sector, has not swayed energy conglomerate Bangchak Corporation Plc from the oil and gas business.
Chaiwat Kovavisarach, chief executive and president of Bangchak, is pushing ahead with projects including biofuel for aircraft and liquefied natural gas (LNG) logistics, as well as the acquisition of Esso (Thailand) Plc to grow its oil refinery and retail businesses.
The company still needs approval from its shareholders before proceeding with the buyout.
At a press conference earlier this year, Mr Chaiwat said…
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