remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
Bangkok, 19 March 2020 – According to the Cabinet’s resolution on 17 March 2020, approving the postponement of the public holidays during 13 -15 April 2020 to prevent and contain the spread of the
Thailand (SET) to discuss possible solutions to the AGM holding of listed companies amid the spread of COVID-19, SEC has disseminated the circular and frequently asked questions to inform all listed
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
General Meeting of Shareholders 2020 by cancellation of the meeting scheduled on 24th April 2020 and the meeting agenda and also cancelling the record date to determine the name of shareholders who had the
recorded an average production rate of 118. 82 KBD (99% utilization rate) which is considered as a record all-time high for average production rate in any quarter in the history of the Bangchak refinery
cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management
spread (DTD/DB), and the improvement of Fuel Oil / Dubai (FO/DB) crack spread. However, due to the crude price drop in this quarter, there was an inventory loss of THB 1,010 million, leading to an EBITDA
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
quarter of 2019 at 60.3%. The decreasing of cost of rental and services was mainly from the adoption of TFRS16 which require the Company record the lease agreement with lease term more than 1 year to be