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Updated · Bloomberg · May 11Thai Oil shifts crude imports to Africa and the Americas
4 articles · Updated · Bloomberg · May 11
- In April and May, Africa supplied 39% of purchases, the Americas 18%, while the Middle East fell to about 35% from 91%, CEO Pongpun Amornvivat said.
- Thailand's largest refiner said the change is aimed at preserving stable domestic supply as market shifts prompt it to diversify crude sources.
- The move marks a sharp break from Thai Oil's previous near-total reliance on Middle Eastern crude and broadens sourcing across multiple regions.
As Thailand pivots from Middle East oil, what are the hidden costs and risks of its new, more distant supply chains? How will the global energy crisis reshape alliances between Southeast Asia and new oil suppliers in Africa and the Americas?