The National Legislative Assembly (NLA) has voted 227 to 1 to pass an amendment to the Petroleum Act – paving the way for production sharing-contracts for managing fuel resources.

MR Pridiyathorn Devakula, former deputy prime minister of the Prayut government, has sent an open letter to the National Legislative Assembly (NLA) opposing a plan to set up a new National Oil Company (NOC) to take over the bidding of petroleum concessions.