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Total GRM is projected to stand at US$10.5/bbl, up from US$9.66 in the prior quarter. The market GRM in 1Q13 would decrease to US$7.25/bbl from US$10.64 due to the above-mentioned unplanned shutdown, which would result in the company producing
Beyond its existing businesses including refineries, petrol stations, convenience stores and supplementary businesses at its service stations, the company will focus more on alternative-energy production, especially electricity produced by solar
00 am Bangchak Petroleum's strategy will continue to focus on green energy technology, including products and power plants for the next decade. "Geothermal power is one of the green technologies that uses heat in the earth to produce electricity.
Key driver is still a refinery business which accounts for 60% of the company's profit...Consequently, total production capacity of BCP would increase to 140,000 bbls/day. Preliminarily, the 3E+ project will make GRM increase by US$2-2.5/bbl. However,
The study is in anticipation of expected demand in the next eight to 10 years. Meanwhile, the company has set aside an investment budget of Bt6 billion to expand next year. The budget comprises Bt1 billion to open 25 petrol stations, Bt1 billion to
President Anusorn Sangnimnuan said yesterday that the second biodiesel plant would also be located in the biodiesel production centre at Bang Pa-in. Construction on the plant, with a capacity of 300,000 litres a year, is expected to start next year,
However, many brokers suggested different ratings, ranging from "buy" to "trading buy" to "sell" for BCP stock. BCP stock in the short term is under pressure, as the fire at its core distillation unit will reduce its production capacity by 66.7 per
Bangchak expects no financial impact In the filing to the Stock Exchange of Thailand, Bangchak said that the refinery complex was fully insured and the company is covered by a business continuity insurance policy. Meanwhile, it expects no impact on
Nattachart Charuchinda, chief officer for PTT's downstream petroleum business, said that the suspension would lead to a cut in supply, as Bangchak's refinery operates with the daily capacity of 100,000 barrels. "We stand ready to find substitution,"
Bangchak president Anusorn Sangnimnuan said the extension would require the government to establish additional oil inventory tanks, which would incur loan costs...They are required to strategically reserve enough oil to last for 60 days. But the