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
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
for polyester fiber sector, PIA demand also got impacted due to lower demand in UPR and coating sectors which are linked to construction industries. IVL continues its journey to create a r-PET capacity
the buying of Mixed Xylene (MX) as feedstock to Paraxylene, we have been able to create a natural hedge. MTBE and MX, both being gasoline blend components, have very similar price points with over 90
China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery
, especially retail market sales which increased 9% from the Company’s policy which continues to prioritize retail market expansion. Nonetheless, sales volume slightly declined from the previous quarter. Due to
. 47 million barrels of oil trading transactions, the main product contributing to the transaction were gasoline, crude oil, fuel oil, and naphtha. The increase in revenue was for new countries such as
transaction of 4.55 million barrels. The majority of trade consist of gasoline, crude oil, fuel oil, and Naphtha. The higher earning stemmed from the procurement of finished product for the refinery during TAM
, the company continues to improve its structure and cost management. By dissolving the printing and shipping department which we informed on September 29, 2017, the project has been successfully and we
%, and will be shown in the income statement in next quarters. • Installation of solar rooftop at PTT petrol station GPSC is currently in the process of installing solar panels on the rooftops of PTT