part of the 3E project (Efficiency, Energy, and Environmental Project), lowering the cost of producing electricity and steam 9 | Management Discussion and Analysis of Business Operation for the year 2017

and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been

of the Company and its subsidiaries’ performance by Business unit 1.) Refinery and Oil Trading Business Group Crude Oil Price Situation (Unit : USD/BBL) Crude oil price Q4/2019 Q3/2019 QoQ Q4/2018 YoY

emergency declared in all areas of the Kingdom of Thailand dated 25 March 2020, and according to Section 9 of the Emergency Decree on Public Administration in Emergency Situation, B.E. 2548 (No.1) and Bangkok

in the amount of THB 226 million. 8 | Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1) Refinery Business Crude Oil Price Situation (Unit

SEC Secretary-General Ruenvadee Suwanmongkol said that SEC and the related agencies had discussed the COVID-19 situation and acknowledged limitations on the AGM holding of listed companies. The

alcohol gel, and disinfectant products permitted by the Excise Department in this quarter. Natural Resource Business was affected by the situation of crude oil price in the global market that declined

caused the company’s gross profit to improve from the previous quarter. However, within this year the company is still affected by the situation of the crude palm oil price which was still at a low level

synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price situation. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols were tight which were impacted by the

Krone appreciating against the US Dollar, and recorded lower impairment. Due to the effects of COVID-19 which was spreading across countries around the world including Thailand. Despite the situation