ESSO THAILAND SCHEDULES PROJECT TO ALMOST TRIPLE REFINERY CAPACITY

Exxon Corp.'s Esso Standard Thailand Ltd. has signed a major refinery expansion agreement with the government of Thailand. The two phase project will increase capacity of Esso Thailand's Sriracha refinery to 185,000 b/d from the current 63,000 b/d. It's one of Exxon's biggest refining projects. Construction of the first phase of the expansion, to cost more than $900 million, will begin in mid-1992, aiming for completion in mid-1995.

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