• What are the top picks in the Thai refinery sector?
  • We prefer ESSO and BCP as our top picks in the Thai refinery sector. In a sharp turnabout since the pre-Covid period in 2019, the global refinery supply is now projected to remain tight throughout 2022 and into 2023-24.
  • Should you buy Esso & BCP in the Thai refinery sector?
  • BCP has a much more diversified business portfolio that includes upstream exploration & production, refinery, biofuel, oil stations, and power. With no hedging losses, stronger earnings from oil stations, and significant room for refinery utilisation rate increases, ESSO and BCP are our top picks in the Thai refinery sector.
  • Will Thai Oil Plc be able to balance oil demand & supply in 2023?
  • Thai Oil Plc projects balanced oil demand & supply in 2023, with Asia driving consumption and new refineries boosting production capacity.
  • Which refinery companies operate oil refineries?
  • Other refinery companies include Esso Thailand and SPRC, which operate refineries with different capacities and product ranges. These refinery companies are committed to enhancing their efficiency, safety, environmental standards, and competitiveness in the global oil market.
  • Is Thai Oil public company limited’s (top) rating stable?
  • Fitch Ratings – Bangkok – 15 Sep 2023: Fitch Ratings (Thailand) has revised the Outlook on Thai Oil Public Company Limited’s (TOP) National Long-Term Rating to Stable from Negative. The agency has affirmed TOP’s National Long-Term Rating and senior unsecured rating at ‘A+ (tha)’, and National Short-Term Rating at ‘F1 (tha)’.
  • How many refineries does PTT operate?
  • PTT operates four refineries through its group companies, with a total capacity of 770,000 bpd. These are: Thai Oil Public Company Limited (TOP): Thailand¡¯s No. 1 refiner and seller of petroleum products, TOP operates a refinery with a capacity of 275,000 bpd in Sriracha, Chonburi province.