Chevron to Invest $3B in Thailand from 2011-2020
According to a report by Dow Jones Newswires, oil major Chevron is setting aside more than $3 billion from 2011 until 2020 to develop Thailand's oil and gas fields.
Chevron's total investment in Thailand through 2020 is expected to be more than $10 billion, in addition to an investment of some $7 billion in 2009, Tara Tiradnakorn, President of Chevron Thailand E&P Ltd, told reporters. Tiradnakorn also noted that Thailand is a significant area in which Chevron plans to invest over a long period of time.
The country's largest oil and gas producer, Chevron's 2008 output averaged 210,000 barrels a day in Thailand, reports Dow Jones.
- Chevron Says It Will Not Dispute Climate Science in US Lawsuit (Mar 22)
- Oil, Gas Leaders Warn Trump He Risks Harming Their Industry (Mar 16)
- Chevron Backs 2018 Production Rise, Eyes Share Buybacks (Mar 06)