First quarter 2022 performance results for each business group, are as follow:
Refinery and Trading Business Group saw 63% performance increasfrom the previous quarter, and 108% from the same period in 2021, with an Inventory Gain of THB 3,566 million (Net Inventory Gain of THB 2,350 million), operating GRM increased to USD 6.84 per barrel, increasing by USD 3.6 per barrel from the same period in 2021, due to widening crack spreads for all products in the global market. This is especially significant for the Diesel and Dubai crack spread (GO-DB), which is Bangchak refinery’s largest product yield, prompting the refinery to increase its production to 122,100 KBD or 102% utilization rate, which also supported the expansion of Unconverted Oil (UCO) exports.
The Oil Trading Business by BCPT, improved as profit per unit for low sulfur fuel oil products group increased reflecting…
