oil and gas productions, utilizing strict quality and safety standards of the offshore industry. The Company has been provided skilled technical personnel to work on both onshore and offshore facilities

losses on inventories devaluation [NRV] THB 1,689 million] . And, due to the state of the price of crude oil declining significantly, the company recorded loss on impairments in assets under the

state of decline in oil price and natural gas price. 9 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Summary of the Company and its subsidiaries

increase in depreciation and amortization expense incurred by the Company and Bangchak Retail Co., Ltd. from the expansion of service stations and branches of its Non-oil businesses. When compared to Q1/2019

profit from the Galoc oil field divestment at THB 10 million. The Company holds 49.33% shareholding in OKEA, and started to recognize its performance from December 2018 onwards. In Q1/2019, the Company

/litre supporting by State Oil Fund, until 31st May 2019 and persuading fleet trucks to use of B20 and accelerating to increase the numbers of gas stations selling B20 to 1,000 stations Global Green

of 2016 was decreased. As at 30 September 2017, the Group has backlog for construction service in oil and gas sector totaling of 1,157.39 Million Baht. 3. Testing and Inspection service increased from

the increased in revenue from construction service in oil and gas sector 95.75% compared to previous year. However, during 2017, the Group has completed property construction service, the property

. Thailand Greenhouse Gas Management Organization (Public Organization) (TGO) 8. Federation of Thai Industries (FTI) 9. Renewable Energy Industry Club, Federation of Thai Industries (RE-FTI) 10. Thai Chamber

operational staff. Additionally, in July, the Ministry of Finance approved the establishment of GPSC Treasury Center Company Limited (GPSC TC), a 100% owned subsidiary of GPSC set up to increase efficiency and