from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross
maintenance (TAM) (from 30 April – 13 June 2018). However, average crude run for the year was in accordance with the target at 102.39 KBD (85% utilization rate), and achieved its all-time high monthly average
the region’s domestic refineries are still closed for turnaround maintenance as to prepare for the production of clean fuel in 2020. Gasoline and Dubai crack spread (UNL95/DB) in 2019 averaged at 9.07
declining, mostly from the gasoline product which is a result of travel limitation policy during the COVID-19 outbreak. The Marketing Business recorded improvements in performance of 797% QoQ and 15% YoY, due
maintenance in North Asia, and a support from concerns over tightening supplies after the attack on two large Saudi Arabian refineries perpetrated by drones on 14 th September 2019. Average Gasoline and Dubai
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
. Moreover, the company considered amendments to its Turn Around Maintenance [ TAM] plans. Only Plant no. 2 will be underwent maintenance while the refinery decreases its production. For the other plants, the
., Ltd. underwent its yearly maintenance, resulting in its lower average production rate to 92 thousand litres per day or 61% utilization rate; sales volume was recorded at 8.6 million litres (-20% QoQ
extraordinary items. 5Operating Cash Flow is after changes in net working capital and cash tax, before maintenance capex. Indorama Ventures 2nd Quarter 2020 MD&A 3 Business Segments Definitions IVL now
Business Group recorded an average production rate of 66.80 KBD (56% utilization rate), which declined, coinciding with the 2018 planned turnaround maintenance TAM (period between 30th April – 13th June