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23

Thai Oil Boosted its Refining Margin

Thai Oil PCL, the country's top oil refiner, said on Monday rising crude oil prices helped boost its gross refining margin

Thai Oil PCL, the country's top oil refiner, said on Monday rising crude oil prices helped boost its gross refining margin to a historic high of $11.7 a barrel in the October-December quarter.

The fourth-quarter margin was up from $0.73 a barrel in the same period in 2006 when Thai Oil posted an inventory loss, the company said in a statement.

The refiner's integrated margin was $11.3 a barrel in the fourth quarter, up from $4.0 in the same period in 2006, it said.