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Bangchak to raise output: 12.9% increase to help boost revenue.

Bangkok Post (Bangkok, Thailand)

| February 03, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Busrin Treerapongpichit

Feb. 3--Bangchak Petroleum Plc (BCP), the state-run oil refinery, aims to boost revenue by increasing refinery output, according to president Anusorn Saengnimnuan.

Last year, the company reported total revenues of 85 billion baht, including earning before interest, tax, depreciation and amortisation (EBITDA) of 4.57 billion baht, with a net profit of 2.92 billion.

The company produced an average of 62,000 barrels per day last year, lower than its target of 90,000 barrels due to unexpected higher costs. However, the company aims to increase its output to an average 70,000 barrels this year.

He said the ...

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Source: HighBeam Research, Bangchak to raise output: 12.9% increase to help boost revenue.