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    SPRC   TH6838010002

STAR PETROLEUM REFINING

(SPRC)
  Report
End-of-day quote Stock Exchange of Thailand  -  2023-01-29
11.60 THB   +1.75%
03:48aStar Petroleum Refining : SPRC to Acquire Chevron's Fuels Marketing Business in Thailand
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01/24Thai villagers take refiner Star Petroleum to court over oil spill
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Thai beach declared disaster area after oil spill

01/29/2022 | 02:14am EST
Oil spills in eastern coast of Thailand

BANGKOK (Reuters) - A beach in eastern Thailand was declared a disaster area on Saturday as oil leaking from an underwater pipeline in the Gulf of Thailand continued to wash ashore and blacken the sand.

The leak from the pipeline owned by Star Petroleum Refining Public Company Limited (SPRC) started late on Tuesday and was brought under control a day later after spilling an estimated 50,000 litres (13,209 gallons) of oil into the ocean 20 km (12 miles) from the country's industrialised eastern seaboard.

Some of the oil reached the shoreline at Mae Ramphueng beach in Rayong province late on Friday after spreading over 47 sq km (18 sq miles) of sea in the gulf.

The navy is working with SPRC to contain the leak and said the main oil mass was still offshore with only a small amount washing up on at least two spots along the 12-km-long beach.

About 150 SPRC workers and 200 navy personnel had been deployed to clean up the beach and oil boom barriers had been set up, the navy said.

Twelve navy ships and three civilian ships along with a number of aircraft were also working to contain the spill at sea with booms and dispersant spray.

"We and the company are still working at sea to reduce the amount of oil by cornering the spill and sucking up the oil and spraying dispersant," Rear Admiral Artorn Charapinyo, deputy commander of the first Naval Area command, told reporters.

(Reporting by Panu Wongcha-um; Editing by Stephen Coates)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.27% 83.34 Delayed Quote.-1.80%
STAR PETROLEUM REFINING 1.75% 11.6 End-of-day quote.8.41%
WTI -1.75% 76.695 Delayed Quote.-0.08%
All news about STAR PETROLEUM REFINING
03:48aStar Petroleum Refining : SPRC to Acquire Chevron's Fuels Marketing Business in Thailand
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2022Star Petroleum Refining : Articles of Association of the Company in relation to the No. 1/..
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2022Star Petroleum Refining : Proxy Form A
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2022Star Petroleum Refining : Proxy Form C
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2022Star Petroleum Refining : SPRC supports Rayong Disaster Prevention and Mitigation & New Ye..
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More news
Financials (USD)
Sales 2022 7 950 M - -
Net income 2022 258 M - -
Net Debt 2022 175 M - -
P/E ratio 2022 5,78x
Yield 2022 10,0%
Capitalization 1 536 M 1 536 M -
EV / Sales 2022 0,22x
EV / Sales 2023 0,22x
Nbr of Employees -
Free-Float 38,3%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 0,35 $
Average target price 0,36 $
Spread / Average Target 0,50%
EPS Revisions
Managers and Directors
Robert Joseph Dobrik Chief Executive Officer & Director
Brant Thomas Fish Chairman
Konlayuth Chotepatana Manager-Technology & Engineering
Steve Lewis Gibson Deputy CEO-Operations Department
Nattawan Khumwiwat Secretary, Compliance Officer & Legal Counsel