Page 12 - AsianOil Week 05

AsianOil
NEWS IN BRIEF
AsianOil
SOUTH ASIA
IndianOil financial performance 9M 2019-20
IndianOil reported Revenue from Operations of Rs. 4,27,331 crores for the rst nine months of Financial Year 19-20 as compared to Rs. 4,61,451 crores in corresponding period of Financial Year 18-19. e Net Pro t for the nine months ended 31st December 2019
is lower at Rs. 6,499 crores as compared to Rs. 10,795 crores during the corresponding period mainly on account of lower re ning margins during current period.
e Revenue from Operations of IndianOil is Rs. 1,44,820 crores in Q3 19-20 as compared to Rs. 1,60,138 crores in the corresponding quarter of FY 18-19. Pro t
for the third quarter of FY 19-20 is Rs. 2,339 crores as compared to Rs. 717 crores in the correspondingquarterofFY18-19. e variation is majorly on account of inventory gain during current quarter against inventory loss during corresponding quarter of previous nancial year partly o set by lower re ning margins and exchange losses during current quarter.
IndianOil Chairman, Mr. Sanjiv Singh, said, “IndianOil sold 67.490 million tonnes of
products,includingexports,duringthe rst nine months of nancial year 2019-20. Our re ning throughput for rst nine months of FY 19-20 was 52.316 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 64.562 million tonnes during the year. e gross re ning margin (GRM) during the rst nine months of year 19-20 was US$ 3.34 per bbl as compared to US$ 5.83 per bbl in corresponding period of previous nancial year.”
For the third quarter of FY 19-20, IndianOil’s product sales volumes, including exports, was 23.409 million tonnes. e re ning throughput was 17.496 million tonnes in Q3 19-20 and the throughput of the Corporation’s countrywide pipelines network was 20.962 million tonnes during the same period.
INDIANOIL, January 30, 2020
SOUTHEAST ASIA
PTTEP’s net profit in 2019 surges 40%
PTTEP reported its 2019 net pro t of USD 1,569 million, increasing by 40% from 2018 with respect to escalating sales volume from
acquisitionsprojectsandthepurchaseof additional stakes in the Bongkot eld. e reserve-to-production (R/P) ratio also hikes to 7.5 years which assures the company’s steady growth while ensuring energy security of ailand in the long run. PTTEP targets to raise sales volume by 11% in 2020.
Phongsthorn avisin, President and Chief Executive O cer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that the total revenue
last year was recorded at USD 6,413 million (equivalent to THB 198,822 million), increasing from USD 5,459 million (equivalent to THB 176,687 million) in 2018, or a 17% increment. e result mainly from the acquisitions of Murphy Oil Corporation’s assets in Malaysia and Partex Holding B.V. Consequently, the average sales volume last year reached 350,651 barrels of oil equivalent per day (BOED) or 15% increased from 305,522 BOED in 2018. Meanwhile, the averagesellingpricealsoslightlyimproved from USD 46.66 per barrel of oil equivalent (BOE) in 2018 to USD 47.24 BOE in 2019.
According to the higher sales volume
in 2019, PTTEP’s net pro t hit USD 1,569 million (equivalent to THB 48,803 million), a 40% increase from USD 1,120 million (equivalent to THB 36,206 million) posted in 2018. PTTEP’s nancial position remains
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Week 05 05•February•2020