Showing 1 - 10 of 11
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 (Saipem)—had withdrawn from the UJV, allegedly due to losses incurred by agreeing to execute the project at a bid of THB 100 billion, significantly lower than the estimated THB 140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.
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.
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").
Thai Oil refutes claims of B567m wage settlement
News, Post Reporters, Published on 01/08/2024
» Thai Oil Public Company Ltd denies agreeing to issue a payment of 567 million baht to help settle outstanding wages owed to workers by subcontractors.
Unpaid Subcontractors Gather Again at Thai Oil Refinery
Published on 31/07/2024
» Following the continuous gathering of workers along Sukhumvit Road in front of Thai Oil’s Refinery in Si Racha District, Chonburi Province from 24 – 26 July 2024, due to non-payment from contractors, an inquiry by Thai Oil Public Company Limited (the “Company”) revealed that the workers are employees of One Turn Ten Company Limited (“One Turn Ten”), EMCO LTD (Thailand) Company Limited (“EMCO”), and Thai Fong Engineering and Construction Company Limited (“Thai Fong”). These three companies are subcontractors of Sinopec Engineering Group (Thailand) Co., Ltd. (“Sinopec”), which in turn is a subcontractor of the Unincorporated Joint Venture of Petrofac South East Asia Pte. Ltd. (“Petrofac”), Saipem Singapore Pte. Ltd. (“Saipem”), and Samsung E&A (Thailand) Co., Ltd. (formerly Samsung Engineering (Thailand) Co., Ltd.) (“Samsung”) (collectively, the “UJV”). The UJV is the main contractor for the construction of the Clean Fuel Project (CFP) for the Company, and the workers have gathered to demand payment for their services from the three companies (One Turn Ten, EMCO, Thai Fong), as well as from Sinopec and the UJV. The three companies did not receive payment from Sinopec, and Sinopec itself has not received payment as per the relevant subcontract from the UJV, leading to Sinopec’s inability to pay the subcontractors, including the aforementioned three companies.