Categories: Economy

Ms. Torsang Chaipravat, Senior Executive Vice President, Corporate Accounting and Finance, IRPC Public Company Limited (IRPC), revealed that IRPC’s Debentures No. 1/2026, comprising three tranches and offered to the general public during 15 – 17 June 2026, received strong interest from investors. As a result, IRPC successfully raised a total of THB 8.5 billion, exceeding the target amount. This reflects the confidence of institutional investors, cooperatives, and retail investors, and will enhance the Company’s efficiency in capital management and financing cost management, supporting its business operations and long-term growth. The debentures offered comprised three tranches: a 3-year debenture with a coupon rate of 2.70% per annum, a 5-year debenture with a coupon rate of 3.10% per annum, and a 7-year debenture with a coupon rate of 3.65% per annum. The offering attracted strong investor interest, reflecting confidence in the Company’s business potential and strong financial position amid ongoing market volatility. “IRPC would like to express its sincere appreciation to all investors for their trust and interest in subscribing to IRPC’s debentures, contributing to the successful completion of this offering. The success reflects investors’ confidence in the Company and its long-term business potential. Such confidence is consistent with IRPC’s debenture credit…

IRPC Public Company Limited (IRPC) has partnered with UOB Thailand to advance sustainable trade finance in Thailand through a Sustainability-Linked Trade Facility. The facility incorporates sustainability performance into its financing terms by using the S&P Global ESG Score as its key performance indicator. This marks another significant step in integrating environmental, social, and governance (ESG) considerations into working capital management and supply chain trade transactions. The facility reflects the growing shift across the business sector, where ESG is evolving from a compliance requirement into a strategic driver of competitiveness, access to capital, and long-term sustainable growth. The Sustainability-Linked Trade Facility is structured in accordance with UOB’s Sustainability-Linked Loan Principles, which are aligned with internationally recognised standards. Under this framework, IRPC’s ESG performance is linked to the pricing mechanism of the facility, with the S&P Global ESG Score serving as the core performance metric. The score assesses a company’s performance across environmental, social, and governance dimensions. This collaboration represents an important milestone in aligning business growth objectives with measurable ESG outcomes while supporting the transition towards a low-carbon economy. Ms. Torsang Chaipravat, Senior Executive Vice President, Corporate Accounting and Finance, IRPC Public Company Limited, said: “IRPC is committed to continuously strengthening…

IRPC Public Company Limited (IRPC) has responded to recent media reports alleging fuel stockpiling linked to the closure of the Strait of Hormuz and referring to the Company in connection with fuel stockpiling and the completeness of fuel transportation documentation. IRPC confirmed its operation is solely as a refinery and distributor of petroleum products via pipelines, road transport and marine transport, in its capacity as a licensed oil trader under applicable laws. In the case of marine fuel sales to customers, the Company has no authority to direct, control or intervene in transportation activities once the fuel has been delivered. IRPC therefore confirms that it is not involved, either directly or indirectly, in any fuel stockpiling activities. Regarding marine fuel sales, all oil tankers engaged in transportation operations are required to undergo registration and verification procedures under the strict supervision of the relevant regulatory authorities. Upon delivery of the fuel by vessel, all risks, responsibilities and control are transferred immediately to the purchaser. Consequently, the management of transportation arrangements, shipping routes and delivery schedules falls solely within the responsibility of the purchaser and the transport operator engaged by the purchaser. The Company is not involved in such matters. Regarding fuel…

IRPC Public Company Limited (IRPC) has announced the interest rates for its latest bond offering, comprising three tranches with maturities of three, five and seven years. The bonds will offer fixed interest rates ranging from 2.70% to 3.65% per annum, with interest payable every six months throughout the bond term. The bonds will be available for subscription by general investors from June 15–17, 2026, through six leading financial institutions. Both IRPC and the bond issuance have been assigned a credit rating of “A-” with a Stable outlook by TRIS Rating. The rating reflects the Company’s position in the petroleum refining and integrated petrochemical businesses, as well as its financial and cash flow management. As a flagship company within the PTT Group, IRPC remains committed to sustainable business growth while maintaining financial stability. Miss Torsang Chaipravat, Senior Executive Vice President, Corporate Accounting and Finance, IRPC Public Company Limited, said, “The Company has determined the interest rates for three bond tranches with three-, five- and seven-year maturities in order to provide investors with a range of investment alternatives that may suit different investment objectives and portfolio strategies. The bonds will be offered through six financial institutions: Kasikornbank, Krungthai Bank, Bank of Ayudhya…

Mr. Terdkiat Prommool, President and Chief Executive Officer of IRPC Public Company Limited, joined senior executives from PTT Global Chemical Public Company Limited, Thai Oil Public Company Limited, Bangchak Corporation Public Company Limited, Bangchak Sriracha Public Company Limited, and Star Petroleum Refining Public Company Limited in signing the “Refinery Group Declaration of Commitment to Good Governance for Transparency in Thailand’s Energy Sector.” The declaration reaffirms the collective commitment of Thailand’s refinery industry to conducting business in accordance with the principles of good corporate governance, transparency, accountability, and zero tolerance for all forms of corruption. The signing ceremony was witnessed by representatives from leading governance and business organizations, including the Anti-Corruption Organization of Thailand (ACT), the Federation of Thai Industries (FTI), the Thai Chamber of Commerce and Board of Trade of Thailand, the Thai Bankers’ Association, the Stock Exchange of Thailand (SET), and the Thai Institute of Directors Association (IOD). The event was held at the headquarters of PTT Public Company Limited. Recognizing the energy industry’s critical role as a key pillar of the nation’s infrastructure and economic development, the Refinery Group is committed to operating with transparency, accountability, and strong corporate governance. The Group upholds the highest standards of business…

Mr. Kwanchai Luengchaichan, Senior Vice President, Petroleum Business, IRPC Public Company Limited (IRPC), represented the Company in joining the PTT Group and the Lao State Fuel Company in signing a fuel supply agreement aimed at enhancing business cooperation and strengthening energy security in the Lao People’s Democratic Republic (Lao PDR). The signing ceremony was held at the Ministry of Industry and Commerce in Vientiane Capital, Lao PDR. This collaboration aims to enhance energy security and support the stability of regional fuel supply systems in line with the policy direction of Thailand’s Ministry of Energy. Under the agreement, quality fuel products that meet recognized standards will be supplied to the Lao PDR to help ensure a reliable and efficient supply capable of meeting ongoing demand. The cooperation will be implemented through transparent and sustainable commercial mechanisms and reflects the PTT Group’s commitment to serving as a leading Thai energy organization with an active role in supporting regional energy security. The initiative will be carried out under a Commercial Arrangement framework, with close policy support and coordination from relevant government agencies of both countries.  

Ms. Wanida Utaisomnapa, Senior Executive Vice President, Corporate Commercial and Marketing, IRPC Public Company Limited (IRPC), represented the Company in receiving the award for “Highest Revenue Business in Thailand’s Eastern Region for 2024” at the PRACHACHAT BUSINESS AWARDS 2026. The award was presented by Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, during the 50th anniversary celebration of Prachachat Turakij Newspaper at Paragon Hall, Siam Paragon. The award was determined based on companies’ 2024 business performance, using data from government agencies and considering key criteria including revenue, operating results, and economic contribution. The selection process followed a systematic and transparent evaluation framework. The PRACHACHAT BUSINESS AWARDS recognizes outstanding organizations across regions and industries, highlighting their business capabilities and sustained contribution to economic value creation. This recognition underscores IRPC’s strong performance as a fully integrated petroleum and petrochemical company. The Company remains committed to operational excellence, innovation-driven development, responsible business practices, and sustainable value creation for stakeholders, while contributing to long-term economic and social development.

KBANK has launched Bonus Structured Note, an innovative investment product linked to the performance of the SETESG Index, marking the first product of its kind in Thailand. As part of its sustainability management strategy, IRPC has participated in this sustainable finance initiative, reflecting collaboration between the financial and industrial sectors to promote investments that integrate environmental, social, and governance (ESG) considerations. The initiative also supports financial innovation while contributing to the sustainable growth of Thailand’s capital market. Ms. Torsang Chaipravat, Senior Executive Vice President, Corporate Accounting and Finance, IRPC Public Company Limited (IRPC), said that the Company places strong emphasis on prudent financial management alongside sustainable business operations by incorporating environmental, social, and governance (ESG) factors into its investment decision-making process to support long-term stability and sustainable growth. “IRPC is pleased to participate in the Bonus Structured Note issued under KBANK’s Sustainable Finance Framework, with returns linked to the SETESG Index, which reflects the performance potential of sustainably managed listed companies. This collaboration marks another important milestone in advancing ESG financial innovation in Thailand while supporting the sustainable growth of the Thai capital market,” she said. Mr. Thiti Tantikulanan, Division Head of Capital Markets Business, KBANK, said that the Bank…

IRPC plans June bond offering amid global energy volatility, reinforcing financial discipline and long-term growth strategy IRPC has announced plans to offer three bond tranches with maturities of three, five and seven years to general investors, offering fixed interest rates ranging from 2.70% to 3.85% per annum. Interest payments will be made every six months throughout the tenor of the bonds. The offering is expected to open for subscription between June 15 and 17, 2026, through six leading financial institutions in Thailand. Both the company and the bonds were assigned a credit rating of “A-” with a “stable” outlook by TRIS Rating, reflecting IRPC’s strengths in integrated refining and petrochemical operations, liquidity management and long-term business resilience as a strategic company under PTT Public Company Limited. Thorasaeng Chaipravit, Senior Executive Vice President, Accounting and Finance of IRPC, said geopolitical tensions in the Middle East, particularly the closure of the Strait of Hormuz,  tightened global oil supply and driven a sharp increase in crude oil prices, contributing positively to the company’s refinery performance during the first quarter of 2026. She added that IRPC recorded a 22% increase in revenue from net sales, while Market GIM rose 14% from the fourth quarter of…