The government of Laos may begin making fuel price adjustments every five to seven days, rather than every two weeks. KPL reports that Minister of Industry and Commerce, Dr. Khampheng Saysompheng, said on Sunday that the rise in global oil prices has a direct impact on domestic retail fuel pricing in Laos. He said that as a […]
Read MoreThe spiralling cost of fuel on the global market is having an effect in Laos, where some oil refineries are hoarding fuel with the intention of making a profit, a senior government official has said. At the same time, Lao businesses are struggling to import sufficient fuel to meet the country’s needs, Minister of Industry […]
Read MoreDevelopers and operators of four hydroelectric power plants in Laos will sign power purchase agreements with energy policymakers in Laos and Thailand within May under a plan to promote more renewable energy. Massive investments in these power plants, which will be located in northern Laos, are expected over the next few years. The facilities are […]
Read MoreLao Petroleum and Chemical Co Ltd (Laopec), located in the Saysettha Development Zone in Lao capital Vientiane, has invested more than $200 million in a petroleum refinery. Laopec launched the first phase of production of its three million tonnes a year refinery in December 2020, which has created job opportunities for local people and generated […]
Read MoreThe Lao government is hoping for a trade surplus of at least USD 1.55 billion in 2022, despite the economic challenges caused by the Covid-19 pandemic. According to a recent report from the Prime Minister’s Office, exports are expected to reach 7.6 billion US dollars, while imports will total 6.05 billion US dollars, Vientiane Times reports. […]
Read MoreThailand is to purchase more electricity from Laos this year in order to ensure sufficient supply and meet rising demand. The Kingdom is to increase its electricity purchases from Laos from 9,000 to 10,500 MW after a new agreement was signed, allowing the country to increase its supply from renewable sources. A signing ceremony for […]
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