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Major Changes Due at Thai Oil as New Managing Director Takes over the Reins.
Jan. 8--Big changes are in the pipeline at the country's largest oil refiner, Thai Oil Co (Thaioil), with regard to its non-core business policy, management affiliates and capacity expansion plan following the appointment on Jan 1 of new managing director Piti Yimprasert.
Majority shareholder PTT Plc, with a 49.99 percent stake, has for the first time exerted its grip on the company by appointing Mr Piti, earlier PTT's senior executive vice-president of its petrochemical and refinery business group. He succeeds Chulchit Bunyaket, who has retired.
Mr Piti said Thaioil should experience no interruptions in production over the transition period since its facilities are built to international standards ...
- Revenue of Thaioil will fall next year: 30-day shutdown of CDU to hit earnings.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) December 27, 2006 700+ words
...expansion will take place at Thaioil's CDU-3 in the fourth...major turnaround," he said. Thaioil has earmarked an investment...increase production capacity at Thai Paraxylene Co Ltd (TPX). The company...quarter of next year. As well, Thaioil also plans to invest $150...
- Thaioil-Bangchak co-operation aims to maximise capacity.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) May 31, 2005 700+ words
...state-owned refineries, according to Thaioil president Piti Yimprasert. As Bangchak...oil products, especially bunker oil. Thaioil will bring bunker oil from the Bangchak...to bring about a win-win situation. Thaioil has a more sophisticated refining unit...
- Thaioil confident of winning at least one licence.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) January 17, 2007 700+ words
Jan. 17--Thai Oil Plc (Thaioil), the refinery subsidiary of PTT...potential," said Mr Viroj. A source at Thaioil said the bid would be undertaken through...other investors to secure licences.Thaioil holds 24 percent in IPT. Its other...
- Thaioil sales driven by high demand.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 14, 2006 700+ words
...PX), a key petrochemical product of Thaioil, is expected to grow by 6 percent, mainly...Viroj said business expansion projects of Thaioil and its subsidiaries were progressing...completion of the CDU-3 expansion in 2007, Thaioil's refining capacity will stand at 275...
- Thaioil adds capacity with 'hot oil' unit.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 7, 2006 700+ words
...of wholly owned Thai Lube Base Plc to Thaioil's crude distillation unit 1 (CDU...medium for crude. The system will allow Thaioil to add 5,000 barrels per day of capacity...by the end of June. The system allows Thaioil to refine additional indigenous crude...
- Thaioil Q2 margins up.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 9, 2006 700+ words
...to last year," he added. Last year, Thaioil reported revenues of 253 billion baht...baht, down 9.6 percent from 2005. Thaioil, which is 49 percent-owned by PTT Plc...000 bpd, Mr Viroj said. Shares of Thaioil (TOP) closed yesterday on the Stock...
- Thaioil plans to build large ethanol plant: Using cassava roots to help farmers.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 21, 2005 700+ words
...intention as the local gasohol market is growing significantly. Thaioil president Piti Yimprasert said the company, a refinery operator...gasohol and just enough to meet current local demand. Shares of Thaioil (TOP) closed yesterday at 73.50 baht, up 2.50 baht...
- Thaioil pays dividend.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 11, 2006 700+ words
...dividends representing at least 25 percent of net profits. Thaioil posted a first-half net profit of 10.97 billion baht, up 51 percent from the same period of last year. Shares of Thaioil (TOP) closed on Friday on the SET at 59.50 baht, down...