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Bangkok Post
Bangkok Post
Business

Oil Fuel Fund set to borrow billions

An attendant fills a customer's tank at a Bangchak petrol station.

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

Mr Theeraj said the fund is in talks with several commercial banks, including the state-run Government Savings Bank and Krungthai Bank, with regards to the borrowing. The negotiations are expected to be wrapped up this month.

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