CALTEX SIGNS PACT TO BUILD THAILAND'S FIFTH REFINERY

Caltex Petroleum has signed an agreement with Thailand's government covering construction of the country's fifth refinery. It is the third agreement involving foreign companies' investment in a major refinery project in Thailand in recent months. Exxon Corp.'s Esso Standard Thailand Ltd. earlier this month disclosed signing of an agreement allowing it to proceed with a major expansion of its Sri Racha refinery to 185,000 b/d by 2000 from the current 63,000 b/d (OGJ, Jan. 13, p.

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