Thailand: Star Petroleum Refining Pc postpones SET listing again.

Section: Business News - Star Petroleum Refining Co (SPRC), owned by Chevron Corp and PTT Plc, has again delayed its listing on the Stock Exchange of Thailand, citing low refining margins, the Bangkok Post reports.

William L. Stone, the president and chief executive of SPRC, insisted the joint venture was committed to an initial public offering (IPO), but factors such as a strong market need to be considered.

The current market situation is not supportive due to low refining margins, so the listing will be postponed until early next year, he said.

This is the latest in a series of delays for SPRC's IPO since it was initially scheduled for the end of 2007 …