Bangchak’s oil terminal in Ayutthaya’s Bang Pa-in district. (Photo: Bangchak Corporation) SET-listed energy corporation Bangchak Corporation intends to broaden its energy logistics service after investors authorized a strategy to take over Esso (Thailand) Plc. Chaiwat Kovavisarach, chief executive of Bangchak Group, stated the business is preparation long-lasting financialinvestment through its subsidiary Bangkok Fuel Pipeline and Logistics Co (BFPL) with the objective of racking up more earnings. Established in 2021, BFPL offers a service to transportation oil, consistingof fuel and diesel, through pipelines from Bangchak and other clients to an oil terminal in Ayutthaya’s Bang Pa-in district and to airtravel fuel depots at Suvarnabhumi and Don Mueang airports. Mr Chaiwat did not fancy on the information of the brand-new financialinvestment. He was offering an interview after the bulk of investors voted on April 11 for the buyout of a 65.99% share in Esso (Thailand) from ExxonMobil Asia Holdings Pte. Bangchak will launch
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