line, and transactions with new trade partners that increased immensely. However, the Company’s petroleum-related businesses experienced a decline in finished product selling price per unit. As well as

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

purpose of carrying on the business as manufacturer and supplier of various finished and semi-finished automotive stamping components in Indonesia. The New Company further received the acknowledgment dated

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and

a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and

business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant

rose from the tensions in the Middle East. However, BCPT experienced an increase in finished product and crude oil transactions by 2. 32 million barrels compared to Q3/2018, especially in the Fuel Oil

intensified competition, and the refinery’s TAM which resulted in the lower volume of finished oil produced. On the other hand, retail market which is the company’s main distribution channel recorded sales

investment of a new company 3.1 Name of new company MBK Food Service Company Limited (“MBK-FSV”) 3.2 Nature of Business Operation Management raw materials, products finished goods, Semi-finished goods 3.3