million Baht or 8.64%. Total water sales volume was 121.05 million Cu.M. (excluding internal usage for tap water production of 15.94 million Cu.M.), decreased by 12.25 million Cu.M., or 9.19% compared to

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, for the Company’s sustainable growth in the future. However, some investments

production of 123 KBD in March. Also, after the completion of the TAM, Bangchak refinery was able to consistently maintain high levels of production throughout the year. Total GRM decreased 32%, from the

and Trading Business Group recorded an average production rate of 109.35 KBD, a level adjacent to plan, Market GRM improved from the previous quarter, while Total GRM declined, primarily due to the

continuous exchange rate fluctuations since the beginning of the year because of mainly exporting to foreign markets. Since the Company’s production standards focuses on product quality (it is shown that the

Derivative Warrants | PTTE24C2008A | DERIVATIVE CALL WARRANTS ON PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED ISSUED BY FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN

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Derivative Warrants | PTTE23C1605A | DERIVATIVE CALL WARRANTS ON PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED ISSUED BY SCB SECURITIES COMPANY LIMITED LAST TRADING IN MAY 2016 # A | Stock in