In today’s briefing:
- Thai Oil – Tear Sheet – Lucror Analytics

Thai Oil – Tear Sheet – Lucror Analytics
- We view Thai Oil Public Company Limited (TOP) as “Low Risk” on the LARA scale.
- This is primarily driven by the company’s strategic importance to state-owned PTT Public Company Limited, due to its position as the group’s main oil refining vehicle.
- TOP benefits from its close links with PTT, as TOP obtains feedstock from and sells refined products to its parent.
