Showing 1 - 10 of 15
Thai Oil considers change in contractors
Business, Yuthana Praiwan, Published on 24/12/2024
» Thai Oil Plc, the country's largest oil refinery by capacity, will consider changing the contractors of its new oil refinery under the Clean Fuel Project (CFP) if the ongoing dispute over unpaid wages for construction workers cannot be settled, causing a further delay of the project.
Thaioil has backup plan to end Clean Fuel Project delays
News, Post Reporters, Published on 02/12/2024
» Thaioil Plc is prepared to exercise its rights under a parent guarantee agreement with the main contractors of the US$5.37 billion Clean Fuel Project (CFP) to resolve persistent project delays.
Thaioil Unveils 2025 Strategy, Prioritises Clean Fuel Project
Published on 22/11/2024
» 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.
TOP pushing for resolution of dispute
Business, Yuthana Praiwan, Published on 31/10/2024
» Thai Oil Plc (TOP), the country's largest oil refinery by capacity, is requesting the parent firms of construction companies working on the Clean Fuel Project (CFP) to settle the months-long delay on wage payments to construction workers, which led to protests at the refinery in Chon Buri.
Subcontractors Seek Overdue Payments from UJV – Samsung, Petrofac, Saipem
Published on 30/10/2024
» Following media coverage on 25 October 2024 regarding Thai Oil Public Company Limited’s (Thaioil) CFP project, Thaioil seeks to address inaccuracies that may lead to misunderstandings about its operations. Recent reports incorrectly claimed that Saipem—a partner within the unincorporated joint venture (UJV) consisting of Samsung E&A (Thailand) Co., Ltd. (Samsung), Petrofac South East Asia Pte. Ltd. (Petrofac), and Saipem Singapore Pte. Ltd. (Saipem)—had withdrawn from the UJV, allegedly due to losses incurred by agreeing to execute the project at a bid of THB 100 billion, significantly lower than the estimated THB 140 billion.
Subcontractors Demand Payment Resolution in Thaioil Project
Published on 25/10/2024
» Reference is made to news reports by some media outlets on 21 October 2024, stating that the gathering by the Federation of Subcontractors of TOP Refinery, CFP Project, Sriracha (the “Federation”) in front of Thai Oil’s Refinery on 18 October 2024 “resulted in the Clean Fuel Project delaying the commencement of the commercial operation indefinitely” and reports on online media that Thai Oil Public Company Limited (“Thaioil”) has engaged the main contractor, i.e., the Unincorporated Joint Venture of Samsung E&A (Thailand) Co., Ltd. (“Samsung”), Petrofac South East Asia Pte. Ltd. (“Petrofac”), and Saipem Singapore Pte. Ltd. (“Saipem”) (collectively, the “UJV – Samsung, Petrofac, and Saipem”), which have severe liquidity issues to undertake the Clean Fuel Project, resulting in the issue of overdue payments to the subcontractors.
Unpaid contractors protest
News, Post Reporters, Published on 19/10/2024
» About 3,000 workers and employers have petitioned the governor of Chon Buri after a group of Thai Oil refinery contractors failed to pay 24 subcontractors for six months, leaving them unable to pay 20,000 labourers.
Subcontractors Demand Overdue Payments from UJV – Samsung, Petrofac, and Saipem"
Published on 17/10/2024
» On 15 October 2024, at 10:00 hrs., the Federation of Subcontractors of TOP Refinery, CFP Project, Sriracha, consisting of 16 companies which are subcontractors of the Unincorporated Joint Venture of Samsung E&A (Thailand) Co., Ltd. (“Samsung”), Petrofac South East Asia Pte. Ltd. (“Petrofac”), and Saipem Singapore Pte. Ltd. (“Saipem”) (collectively, the “UJV – Samsung, Petrofac, and Saipem”), held a press conference at Ballroom 1 and Ballroom 2, 6th floor of Holiday Inn & Suites Siracha Laemchabang Hotel, Chonburi Province. The press conference was conducted to demand overdue payments from UJV – Samsung, Petrofac, and Saipem, which is the main contractor for the Clean Fuel Project (CFP) for Thai Oil Public Company Limited (“Thaioil”). The Federation announced that, if no clear solution is provided by UJV – Samsung, Petrofac, and Saipem, the executives and employees of all 16 companies will gather in front of Thaioil’s refinery on 18 October 2024.
Unpaid Workers Receive Overdue Payments, Protest Ends Peacefully
Published on 16/08/2024
» Reference is made to the continuous gathering of workers along Sukhumvit Road in front of Thaioil’s Refinery in Si Racha District, Chonburi Province, which began on 24 July 2024, due to non-payment by the subcontractors of the Unincorporated Joint Venture of Samsung E&A (Thailand) Co., Ltd., Petrofac South East Asia Pte. Ltd., and Saipem Singapore Pte. Ltd. (“UJV – Samsung, Petrofac, and Saipem”).
Joint Venture Payment Dispute Leaves Workers Unpaid
Published on 07/08/2024
» From 24 July 2024 to the present, workers have continuously gathered along Sukhumvit Road in front of Thaioil’s refinery in Si Racha District, Chonburi Province, due to non-payment by contractors. Initially, the gathered workers were employees not paid by their employers: One Turn Ten Company Limited ("One Turn Ten"), EMCO LTD (Thailand) Company Limited ("EMCO"), and Thai Fong Engineering and Construction Company Limited ("Thai Fong"), who are subcontractors of Sinopec Engineering Group (Thailand) Co., Ltd. ("Sinopec").