Cabinet extends Nam Phong petroleum concession to Exxon for 10 years
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The Cabinet gave ExxonMobil Exploration and Production Khorat Inc the go-ahead to explore for and produce petroleum in Khon Kaen’s Nam Phong district for another 10 years until 2031.
The contract is from March 16 until March 15, 2031.
Deputy government spokeswoman Traisuree Taisaranakul said the government would benefit to the tune of US$25.04 million (Bt750 million) from the contract.
