Thailand poised to reap big gains from CNPC project

The first refined oil project constructed by China National Petroleum Corp in northeastern Thailand that became operational on Tuesday will significantly address the rising demand for, and improve the local supply of, refined oil products in the region, industry analysts said.

With an annual oil transmission capacity of 6 million metric tons, the strategic energy project which passes through five provinces has a 342-kilometer-long pipeline, including a new refined oil pipeline and supporting pumping stations, valve rooms and tank farm terminals, CNPC said.

The project will greatly enhance the delivery…