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Recently, Ms. Siriporn Mahajchariyawong, Financial Planning Manager (left) received the “Asia’s Best CEO (Investor Relations)” award and the “Best Investor Relations Company – Thailand” award on behalf of Thaioil PCL at the Asian Excellence Recognition Awards 2014

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Recently, Ms. Siriporn Mahajchariyawong, Financial Planning Manager (left) received the “Asia’s Best CEO (Investor Relations)” award and the “Best Investor Relations Company – Thailand” award on behalf of Thaioil PCL at the Asian Excellence Recognition Awards 2014, which was organized by Corporate Governance Asia publication with Mr. Aldrin Monsod, Corporate Governance Asia’s Managing Director and Publisher (right) presiding over the award ceremony held at the Renaissance Harbour View Hotel, Hong Kong.

The “Asia’s Best CEO (Investor Relations)” award reflects the achievements in the previous year of Mr. Veerasak Kositpaisal, the company’s Chief Executive Officer and President . He was able to lead the organization to success in its turnover and continued strong business growth through his commitment to the fine balance of economy, social, environment and also outstanding practice of good corporate governance and fairness to stakeholders of all groups.

As for the “Best Investor Relations Company – Thailand” award, this is the second year that the company is recognized for its outstanding commitment to the highest standards of disclosure, and fairness in disseminating information that is beyond the requirement of the Stock Exchange of Thailand. The company is also regarded as an example of an Asian company that provides excellence in imparting information to stakeholders.

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Thaioil won Two Prestigious Awards at the Thailand People Management and Well-BeingForum: Award Ceremony and Best Practices Sharing

Thaioil won Two Prestigious Awards at the Thailand People Management and Well-BeingForum: Award Ceremony and Best Practices Sharing

Thaioil receives Sustainability Disclosure Award 2024 – Award of Honor for the 6th consecutive year

Thaioil receives Sustainability Disclosure Award 2024 – Award of Honor for the 6th consecutive year

Thaioil Reveals 2025 Business Strategy andExpedites Clean Fuel Project (CFP) Management

Thaioil Reveals 2025 Business Strategy andExpedites Clean Fuel Project (CFP) Management

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Thaioil won Two Prestigious Awards at the Thailand People Management and Well-BeingForum: Award Ceremony and Best Practices Sharing

Thaioil won Two Prestigious Awards at the Thailand People Management and Well-BeingForum: Award Ceremony and Best Practices Sharing

Recently, Thaioil Public Company Limited, under the leadership of Mr. Nuttapon Meerit, Acting Executive Vice President of Organization Effectiveness, along with Ms. Suchada Deechaiya, Vice President of People and Organization Excellence, Ms. Benjawan Poompruek, Manager of People and Organization Excellence Strategy, and Ms. Sukulya Veeradechapol, Manager of HR and Finance, received prestigious recognition from the Personnel Management Association of Thailand. Thaioil was honored with two awards: the People Management Award (Platinum Level), which included a congratulatory message from Ms. Sudkanung Kambarat, President of Personnel Management Association of Thailand, on behalf of Air Chief Marshal Chalit Pukbhasuk, Privy Councilor, and the Well-being Organization Award, presented by Assoc. Prof. Wilert Puriwat, President of Chulalongkorn University. The awards were presented at the Thailand People Management and Well-Being Forum: Award Ceremony and Best Practices Sharing, held at the Dusit Thani Hotel in Bangkok. The People Management Award is in recognition of its comprehensive and…

Thaioil receives Sustainability Disclosure Award 2024 – Award of Honor for the 6th consecutive year

Thaioil receives Sustainability Disclosure Award 2024 – Award of Honor for the 6th consecutive year

Recently, Thai Oil Public Company Limited was honored with the Sustainability Disclosure Award 2024 – Award of Honor for the sixth consecutive year. The award ceremony, hosted by the Thaipat Institute, took place at the Auditorium, Bangkok Art and Culture Center. Miss Korapat Limpaphayom, Vice President of Group Company Secretary and Sustainability, received the award on behalf of Thaioil from Mr. Vorranut Piantam, Director of Thaipat Institute. This prestigious award highlights the Company’s dedication and commitment on the disclosure of sustainability performance to the public and stakeholders, covering environmental, social, and governance dimensions.

Thaioil Reveals 2025 Business Strategy andExpedites Clean Fuel Project (CFP) Management

Thaioil Reveals 2025 Business Strategy andExpedites Clean Fuel Project (CFP) Management

Thai Oil Public Company Limited (“Thaioil”) has revealed its 2025 business strategy, focusing on sustainable growth despite anticipated challenges in both domestic and international energy and petrochemical markets. Thaioil remains confident in its long-term growth potential and opportunities, particularly through the expedited management of the Clean Fuel Project (CFP), which will serve as a crucial foundation for strengthening the company and ensuring national energy security. Mr. Bandhit Thamprajamchit, Chief Executive Officer and President, Thai Oil Public Company Limited, stated, “Despite ongoing volatility in the global and Thai economies, there are positive factors that will benefit the energy and refinery industries in 2025. Jet fuel demand is expected to increase due to growth in commercial flights, especially in Asia, where tourism continues to rise in the wake of the COVID-19 pandemic. Thaioil holds the highest market share in this segment, approximately 50%. Diesel demand is also projected to increase due…

Safety Knowledge Sharing and Engagement

Enhanced knowledge, capabilities, and skills of employees and contractors through a safety training center to provide knowledge on safety theory and practice. the Company also evaluated the capability of the employees and contractors, who performed safety-related tasks, and had a continuous Permit to Work System from the previous year. Meanwhile, the roles in emergency and crisis management were also assessed through the Competency Assurance System.
Upgraded safety culture in the workplace through Behavior Based Safety (BBS) training program. The BBS training course was designed to train the targeted employees (Train for the Trainers) in order to disseminate knowledge and act as role models for the other employees and contractors. Consequently, safety behavior will be observed, and the operation will be halted, particularly when unsafe conditions arise.
Provided training on the Permit to Work System and Clearance Certificate Signatory for those who are involved in performing duties in the work permit system.
Organized the “30-60-90 Days with No Harm, No Leak” to strongly emphasize and simulate employees and contractors, raising awareness of safety in the workplace. The goal is to achieve zero Medical Treatment Case (MTC).
Organized Thaioil Group QSHE Day 2023 to promote the safety culture for the employees and contractors by awarding and certifying those who have outstanding 2023 QSHE performance. The Company also organized exhibition booths to provide employees and contractors with safety knowledge and awareness.
Incorporated Line of Fire into the 12 Life Saving Rule in accordance with the International Association of Oil & Gas Producers (IOGP) guideline.
Raised awareness of potential hazards, such as the line of fire, and strictly ensured compliance with the 12 life-saving rules. The Company also encouraged workers to submit Potential Incident Report (PIR), emphasizing the significance of unsafe act and condition as specified in the pre-incident prevention measure.
Developed a Contractor Training Matrix to ensure that contractors, who perform the work in operational areas of Thaioil Group, have the suitable knowledge and skills relevant to their job positions.
Conducted training and knowledge sharing on safety, occupational health, and workplace environment for new employees and contractors. This aims to build awareness of basic risks and hazards in Thaioil Group’s operational areas, to recognize and understand the safety measures, and to mitigate risks in operations. The training courses include basic safety in refinery, basic firefighting, safety in confined space, and first aid.
Conducted specific safety knowledge training for employees and contractors to improve operational effectiveness, ensure safety, and comply with safety requirements. For instance, Authorized Engineer/Authorized Gas Safety Inspector (AE/AGSI) course, Clearance Certificate Signatory course, Authorized Gas Tester course, and electricity safety course.
Thaioil Group consistently prioritizes on a proactive strategy. The Company elevated the Management Walk and Talk activity to GEMBA Walk. The management executives conducted a site visit to inspect key activities by engaging in conversations with specific questions. This aims to create mutual understandings and to recommend safety practices in the activities that may pose risks on personal and process safety. The QSHE Rollout activity has been consistently organized with a focus on providing more accessibility. In addition, the campaign to raise awareness about quality, security, safety, and the environment for workers in all operational areas has been expanded to include all operational areas and encourage worker engagement. Moreover, Thaioil Group has applied appropriate management systems to achieve the sustainable development. The performance of such activities is regularly reported and discussed with the management executives for resolutions. Likewise, the annual management review is performed to determine improvement areas and develop annual plans, along with the regular communication with the employees to ensure effective and impactful practices.

Safety Management Improvements

Reviewed Permit to Work System, especially the work permits related to heat and ignition (Hot Work). Additionally, all relevant checklists were reviewed to ensure alignment with international best practices.
Conducted safety maturity assessment. In 2023, the Company scored 4.16 out of a total of 5.00 points. Thaioil Group prepared the Safety Culture Development Plan in 2023 to build awareness for employees and contractors towards an accident-free organization.
Reviewed Permit to Work Inspection by the Area Operation Officers and Safety Audit team to ensure that the practices are aligned with the requirements specified in the permits.
Conducted the evaluation of Health Performance Indicators based on the standards of International Association of Oil and Gas Producers (IOGP). In 2023, the Company scored 3.85 out of a total of 4.00 points. The Company commits to improve the development plan for management systems in line with criteria and requirements of the IOGP.
Enhanced contractor safety management to align with international best practices and conducted annual contractor safety performance evaluation by the third party. The evaluation covered safety management system and operational performance to evaluate the contractor. The contractor can be categorized by a color code, including green, yellow, and red. This code serves as the criteria for deciding whether the Company should continue doing business with contractors or not. In the case that the contractors categorized in the low level (yellow and red), the Company will allow them to present corrective action plan to remedy the identified issues to comply with requirements within a specific timeframe. In 2023, the Company has updated the “Contract SSHE Bidding and Close Out Evaluation”.
Reviewed safety practices for activities or tasks with accident risks, such as heavy lifting with crane, scaffolding, or electric device utilizing within the refinery area. Additionally, the Company conducted training and communicated to relevant employees and contractors to ensure compliance with the requirements.
Upgraded notification systems on abnormal or emergency situations for emergency personnel and relevant officers through SMS systems that will promptly notify relevant parties to provide the emergency response efficiently and on a timely manner.
Upgraded notification protocols for extreme weather, specifically thunderstorms within a 5-kilometer radius. This is to alert employees to prepare and implement specified safety measures. It also involves notifying emergency response teams for a prompt response in the event of a fire, particularly around the rim seal fire.
Reviewed Pre-Incident Plan at levels 1 and 2 to align with international situations and standards, conducted drills as planned to prepare an effective response in emergency situations. In 2023, the Company developed the pre-incident plan at level 2 to support the new production unit of CFP project.
Reviewed Emergency and Crisis Management Manual and prepared the emergency response plan to cover environmental and community emergencies. This aims to prepare for CFP project, which is expected to undergo commissioning and start-up in the future.