Thai Oil Plc (TOP), Thailand largest oil refinery by capacity, is planning to allocate US$5 billion in capital spending to support its long-term investments in new rapidly growing businesses.
The diversification into new businesses, including those using modern technology, follows TOP's plan to avoid dependence on its main source of revenue -- oil refineries.
Wirat Uanarumit, president and chief executive of TOP, said capital spending will start once the company completes its plans to expand production capacity as well as operate petrochemical businesses.
