Business
Valeura Energy Inc. Announces Thailand to Prioritise Domestic Energy Supply
CALGARY, AB / ACCESS Newswire / March 3, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") acknowledges that Thailand's Ministry of Energy has, by way of a press release, requested that domestic oil producers cooperate ...
About this update from Valeura Energy Inc.
[{"type":"text","content":"CALGARY, AB / ACCESS Newswire / March 3, 2026 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") acknowledges that Thailand's Ministry of Energy has, by way of a press release, requested that domestic oil producers cooperate in supporting national energy security in Thailand, in light of disruptions to the normal supply of oil from the Middle East region. This request includes postponing any planned downtime of oil production facilities and temporarily suspending crude oil exports.","length":533,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":309,"height":101,"url":"https://media.zenfs.com/en/accesswire.ca/c32948d3507b0713d8b33f90617f8440"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mKFNAB.sRbiMLvFUdn6Crg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNztjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/c32948d3507b0713d8b33f90617f8440","width":309,"height":101}},"href":"https://app.accessnewswire.com/imagelibrary/472225c7-ead3-4a53-979d-9f7b59d0ecb4/1143095/a270da9d-3d35-4082-a3dd-93cfa4192a46.png?v=2","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Valeura is seeking further clarification from the Ministry of Energy to ensure compliance with the request and to continue supporting Thailand's economy with domestically-produced energy. Valeura anticipates that this new government action will not interfere with the Company's ongoing operations in Thailand, and production is continuing as usual and in accordance with Valeura's high standards for health, safety, and environmental stewardship.","length":458,"tagName":"p"},{"type":"text","content":"Thailand's local network of crude oil purchasers constitutes a viable market for Valeura's crude oil, and includes both refiners and blenders who have direct experience with the Company's particular crude oil streams. Typically, approximately one third of Valeura's oil is sold into the domestic Thai market, and from time to time, each of Valeura's oil streams have been sold within the domestic market.","length":424,"tagName":"p"},{"type":"text","content":"Thailand is a net importer of oil, with approximately 92% of its daily crude oil requirements coming from foreign sources,...