Category: Business

The market is also predicted to grow during the forecast period as a result of government initiatives and policies targeted at developing the upstream oil and gas sector. However, the industry is not without its difficulties, though. The oil and gas sector in Thailand may be hampered by the country’s present efforts to switch to renewable energy sources. Furthermore, it is projected that the oil & upstream sector’s expensive equipment and operating expenses will restrain market expansion. The public’s lack of understanding and the delay in amending the petroleum legislation are two additional important factors that could restrict market expansion during the predicted term.