and CLMV among the spread of green bond’s demand with international standard. Progress of Long Term Services Agreement with Siemens In October 2018, BGRIM extended the Long Term Service Agreement (LTSA
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
still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline
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
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
contain the spread of COVID-19 in late January on Wuhan and expand to other provinces afterwards along with the severity of the pandemic around the globe since late March played a significant role in
from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging
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
ACC6207/003 25 July 2019 Subject Inform the progress of the sale stock in the subsidiary company To Director/ Managing Director The Stock Exchange of Thailand Refer to the company's letter No
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