gross refinery margin was 6.37 $/BBL, a decrease of 1.59 $/BBL from Q1/2017, due to Market GRM in Q1/2018 decreasing by 0.36 $/BBL, as DTD Brent/DB spread widened, essentially increasing the crude cost
2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel
China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery
Administration (CEPA) has a resolution for adjusting the proportion of biodiesel mandatory and the spread of retail fuel price affecting to the economy and alleviating people’s suffering during the rising energy
the spread of COVID-19, the company has prepared measures to ensure stability of the electricity and utilities systems, for example: the Business Continuity Plan: BCP, safe house preparation for field
high refining margin, leading European refineries to produce at a high rate. Fuel Oil/Dubai crack spread (FO/DB) in 2017 averaged at -2.33 $/BBL, rose by 2.64 $/BBL when compared to 2016, this is
ABPR5 After the commencement of commercial operation of ABPR3 (with 133 MW installed capacity) in February and ABPR4 (with 133 MW installed capacity) in June, ABPR5 (with 133 installed capacity
intended to limit the spread of COVID-19. The health and safety of our staff and customers remains our top priority. Our teams constantly evaluate the situation and use appropriate protocols to serve
same trend as in Q4/17. We strongly believe that we can increase production capacity and also maintain the metal spread to strengthen the Company business. 2. Business Outlook on Q1/2018 Management’s
stable and will moving in the same trend as in Q4/17. We strongly believe that we can increase production capacity and also maintain the metal spread to strengthen the Company business. 2. Business Outlook