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Thai Oil Public Co. Ltd. Oct 10 Product Image

Thai Oil Public Co. Ltd. Oct 10

  • Published: October 2010
  • Standard & Poors

Abstract
Operational integration with and strategic importance to PTT Public Co. Ltd. Favorable cost structure and flexibility in feedstock selection Strong domestic market position Single-site and customer concentration risks Inherent industry risks Weak outlook for the refinery and aromatics industries The ratings on Thai Oil Public Co. Ltd. (Thaioil) reflect the support the company continues to receive from its operational integration with, and strategic importance to, state-owned oil and gas conglomerate PTT Public Co. Ltd. (BBB+/Negative/--). The ratings also reflect the company's favorable cost structure, flexibility in feedstock selection, and strong domestic market position. These strengths are partially offset by Thaioil's single-site and customer concentration risks, inherent industry risks, and the weak outlook for the refinery and aromatics industries. In our...

Companies mentioned in this report are: Thai Oil Public Co. Ltd.,PTT Exploration and Production Public Co. Ltd.,PTT Public Co. Ltd.,PTT Chemical Public Co. Ltd.,PTT Aromatics and Refining Public Co. Ltd. (PTTAR),IRPC Public Co. Ltd.
Action: Review

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Thai Oil Public Co. Ltd.,PTT Exploration and Production Public Co. Ltd.,PTT Public Co. Ltd.,PTT Chemical Public Co. Ltd.,PTT Aromatics and Refining Public Co. Ltd. (PTTAR),IRPC Public Co. Ltd.

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