Company Overview

Business Description

Sector
Energy
Industry
Energy
Headquarters
Thailand TH
Employees
434
IPO date
Oct 26, 2004

Thai Oil PCL is a Thai energy company that mainly takes crude oil and turns it into finished petroleum products. Its core business is refining crude oil into gasoline, diesel, jet fuel, fuel oil, liquefied petroleum gas, and other products used by transport companies, factories, and fuel distributors. It also makes some specialty products from the same refining system, which helps it sell into more than one end market.

The company makes money by selling those refined products to customers in Thailand and the wider region, mostly through wholesale channels and long-term supply relationships. Its buyers include oil marketers, industrial users, shipping and aviation customers, and power or utility-related buyers that need fuel and feedstock. Because it sits in the middle of the energy value chain, Thai Oil is less about branding retail fuel and more about processing crude oil efficiently and moving large volumes of standard products.

What makes its business model different is that it depends on refinery operations, crude oil sourcing, and the spread between input costs and product prices. That means its results are tied to how well it buys crude, runs its plant, and sells the mix of fuels and by-products the market wants. This makes Thai Oil a classic downstream energy business: it turns raw oil into usable fuels and earns its money from refining and product sales rather than from exploring for oil.

Thai Oil PCL Investor Relations

Address
555/1 Energy Complex Building A, 11th Floor, Vibhavadi Rangsit Road, Chatuchak
Bangkok, Bangkok Metropolis
Thailand

Business Segments

Refining

Thai Oil turns crude oil into transportation fuels and other refined products such as gasoline, diesel, jet fuel, fuel oil, and LPG.

Customers

Oil marketers, industrial users, airlines, shipping companies, and other fuel distributors that buy these products for resale or direct use.

Revenue Model

It sells refined products at market-linked prices, mainly through product sales from its refinery operations.

Aromatics

Thai Oil makes aromatics and related petrochemical feedstocks from refinery streams for use in plastics, fibers, and chemical manufacturing.

Customers

Petrochemical producers and industrial manufacturers that need benzene, toluene, xylene, and similar feedstocks.

Revenue Model

It earns money by selling aromatics and related chemical products to industrial buyers under market-based pricing.

Power and utilities

Thai Oil produces and supplies electricity, steam, water, and other utility services to support its own refinery and surrounding industrial operations.

Customers

Mostly its own refining and petrochemical operations, plus nearby industrial users where surplus utilities are sold.

Revenue Model

It generates revenue from internal utility charges and sales of utility services to external industrial customers.

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Management

Mr. Bandhit Thamprajamchit

CEO, President, Acting Executive VP of Corporate Governance and Affairs, Secretary & Director

Biography unavailable

Ms. Wanida Boonpiraks

Executive Vice President of Finance & Accounting

Biography unavailable

Ms. Jidapa Soontraratpong

Vice President of Technology

Biography unavailable

Ms. Arkhanin Ruang-Art

Vice President of Corporate Governance, Compliance & Legal

Biography unavailable

Ms. Duangporn Teerapabpaisit

Head of Innovation, Research and Development & High Value Business

Biography unavailable

Mr. Santi Wasanasiri

Executive VP of Petrochemical Business & Acting Executive VP of Operation Excellence

Biography unavailable

Mr. Chatapong Wungtanagorn

Executive Vice President of Strategy

Biography unavailable

Mr. Viroj Wongsathirayakhun

Executive Vice President of Organization Effectiveness

Biography unavailable

Mr. Suchart Monyanont

Senior VP & CFP Engineering Manager

Biography unavailable

Mr. Surachai Saengsamran

SEVP of Hydrocarbon & Acting EVP of CFP Project Sponsor

Biography unavailable

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