Thailand’s Energy Ministry wants Unocal to pay a higher royalty fee from the present 12.5% to 15% of petroleum revenue in return for extending the company’s petroleum production concessions for another 10 years, the Nation newspaper reported quoting an official source. Unocal Thailand’s two concession periods are due to end in 2010 and 2012….
THAILAND: Energy Ministry plans to raise Unocal’s royalty fee from 12.5% to 15%
Posted on February 3, 2005 by EnergyAsia