Thai Oil Refiners Ask to Postpone Euro 4 Standard Implementation

摘要

Oil refineries in Thailand have asked the government to consider delaying the implementation of the Euro 4 emission standards, due to the expensive investments needed to make refineries compliant with the standards."During the down cycle of the oil refining industry, we enjoy less revenue and smaller gross refinery margins. The global economic slowdown has further exacerbated the situation. It does not make any sense for each refinery to invest as much as U.S.$2 billion now to upgrade the oil quality to comply with the new standard," Thai media quoted Chainoi Puankosoom, chairman of Thailand's Petroleum Industry Club, as saying.