annual maintenance, resulting in the refinery to lower the level of crude oil inventory and increase oil products inventory to serve the sales during refinery maintenance period. However, in Q1/2018, oil

stations sales. The company carried out various marketing strategies, also increasing service station network to be more encompassing, and the development of Non-oil businesses synnergy to increase oil

matters including inability to obtain certification from the company’s management regarding responsibility for the financial statement preparation, inability to audit operating system manual in petroleum

jointly invest with Seacrest Capital Group (“Seacrest”) in the petroleum fields Draugen Field and Gjøa Field from A/S Norske Shell (“Shell”) through the investment by means of subscribing new shares of OKEA

subsidiaries, and share of profit from associated companies 5/ EBITDA from Natural Resources business of Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd. As for the

Petroleum Limited 6/ EBITDA from BCP Energy International Pte, Ltd., BCP Innovation Pte. Ltd., and others The operating result of the first nine months of 2017, Bangchak Corporation Public Company Limited

vs. total revenue has increased significantly. The main factors behind this unwelcome trend was a jump in fuel (petroleum coke) prices, and increased manufacturing cost of machinery equipment. However

Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd., and share of profit from associated companies 6/ Others items and elimination For 2018 performance, Bangchak

inflation rate by 0.05 percent, resulting from lower price in agricultural products. Furthermore, an enlargement of tourism sector together with a rise in number of agricultural products were key factors of

its subsidiaries 4/ EBITDA from Bangchak Biofuel Co., Ltd., Bangchak Bioethanol (Chachoengsao) Co., Ltd., Ubon Bio Ethanol Co, Ltd., and BBP Holding Co., Ltd. 5/ EBITDA from Nido Petroleum Limited 6