The Marine Department is set to propose, to the Ministry of Transport, the revocation of the operating license of Star Petroleum Refining Plc (SPRC), the oil company responsible for oil leaks early this year, out of concern that, if the company is allowed to carry on with its operations, more damage could be caused to the marine environment in the future.

 

Marine Department Deputy Director-General Phuripat Theerakulpisut said today (Tuesday) that a committee in the department has been working on a report, to be submitted to Transport Minister Saksayam Chidchob within this week, adding that the final decision on licence revocation rests with the transport minister.

 

SPRC is being blamed for two oil spills, one on January 25th and another on February 10th this year, in which tens of thousands of litres of crude oil leaked, from close to its offshore mooring platform in the Gulf of Thailand, into the sea off Rayong.

 

Full Story: https://www.thaipbsworld.com/marine-department-to-propose-revocation-of-sprcs-operating-license/

 

-- © Copyright Thai PBS 2022-02-22

 

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14 hours ago, snoop1130 said:

Marine Department Deputy Director-General Phuripat Theerakulpisut said today (Tuesday) that a committee in the department has been working on a report, to be submitted to Transport Minister Saksayam Chidchob within this week, adding that the final decision on licence revocation rests with the transport minister.

Transport minister will bottle-out.

 

20 hours ago, snoop1130 said:

final decision on licence revocation rests with the transport minister.

I wonder what his decision will be as Chevron is the major shareholder!!

 

"Chevron is our major shareholder holding a 61% share in SPRC, and the remaining 39% shares are publicly traded."

"our major customers, Chevron (Thailand) Limited (CTL), PTT Public Company Limited (PTT) and PTT Oil and Retail Business Public Company Limited (PTTOR)."

 

https://connect.amchamthailand.com/list/member/star-petroleum-refining-public-company-limited-2602#:~:text=Star Petroleum Refining Public Company Limited (''SPRC'') is,Estate%2C Rayong province%2C Thailand.

The Marine department can expect a boost to their finances anyday soon!!

Rattling sabres to up the ante for a bigger payoff.

If SPRC shuts down, a lot of downstream industries (plastics and petrochem) will be severely impacted also.