Thailand should be used as a base to store crude-oil supplies from Middle East producers spooked by Iran’s threat to shut the , according to the head of the country’s biggest energy company. “Look at the vulnerability of the Hormuz Strait,” Pailin Chuchottaworn, chief executive officer of state-controlled , said in Bangkok yesterday. “All the oil exporters, , they all want to send out the oil and keep it outside of the Gulf.” Pailin urged Thai policy makers to approve a 90-day oil reserve using either state funds or foreign reserves, a move ...
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