Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of Business Operation For the third quarter ended 30th September, 2017 http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjD7_TkjpnTAhUWTo8KHY7JB7MQjRwIBw&url=http://quotesgram.com/green-backgrounds-with-quotes/&bvm=bv.152174688,d.c2I&psig=AFQjCNHfu2LjFbO_WhPIgFLa...

end of December 2016, contingent liabilities declined by Baht 3.1 billion, due to decreases in other guarantees and letters of credit, while ‘others’ (under other commitments) increased. Sources and

. Performance comparison between 2019 and 2018, the refinery business group recorded EBITDA decreases of THB 1,057 million, with the following factors affecting performance: 1. The Bangchak refinery’s average

. Moreover, the company considered amendments to its Turn Around Maintenance [ TAM] plans. Only Plant no. 2 will be underwent maintenance while the refinery decreases its production. For the other plants, the

increase of 1.94 million barrels compared to the previous quarter. Performance comparison between Q3/2019 and Q3/2018, the refinery business group recorded EBITDA decreases of THB 1,511 million, with the