Reserves can cover 117 days of usage
An oil refinery operated by Thai Oil in Chon Buri's Si Racha district. Thailand is looking to source oil from regions other than the Middle East.
Amid concerns as negotiations to end the conflict in Iran hit a roadblock, Thailand has oil reserves to cover 117 days of consumption, says the Energy Ministry, piling on pressure to secure oil from regions other than the Middle East.US President Donald Trump, who rejected Iran's latest proposal to end the conflict, said the ceasefire with Iran is "on life support", according to media reports.
"If the war is prolonged, oil purchased outside the Middle East may be insufficient and could become an issue," said Veerapat Kiatfuengfoo, deputy energy permanent secretary.
However, he noted it is difficult to predict whether the world will face another serious oil shortage, as predicted by Chevron chairman and chief executive Mike Wirth.
