price of TASCO’s share which was the fact that TASCO would wind down its crude oil procurement of Venezuela by the end of November 2020, as a result, the company’s asphalt refinery in Kemaman, Malaysia
oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained
plans, while the other units operating as regularly. Presently the aforementioned Hydrocracking Unit has resumed normal operation. 2. Within this quarter, the refinery’s Total Gross Refinery Margin (Total
recorded at THB 2,181 million, decreased by 34% YoY, mainly attributed to the refinery business’s Total GRM of 3.49 $/BBL, compared to Q1/2018’s 6.37 $/BBL. The decline was brought about by most of the
Operation for 1Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery
, the refinery’s Total Gross Refinery Margin (Total GRM) was THB 6,809 million, a decrease of 32% in comparison to 2017 which had Total GRM of THB 10,026 million, mainly from the following reasons
of lowered supplies from OPEC countries. Compared to Q2/2017 the refinery’s average crude run marginally decreased, the gross refinery margin decreased by THB 19 Million (-1%) due to decreased crude
, which is higher than the previous quarter’ s average production that experienced a temporary halt of the Hydrocracking Unit during the mid- July to mid-August. The refinery returned to full capacity after
inventory management prior to the refinery’s maintenance period, while Dubai crude price were on the rise throughout the quarter. The refinery business recorded an inventory gain in the amount of THB 856
Operation for 3Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery