This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Thai Oil’s Dollar Bonds Trend Higher Since April on Project Updates and UJV Termination
August 28, 2025
Thai Oil’s dollar bonds have trended higher since April 2025, and were up by 1-1.5 points on Wednesday. The move has been supported by improving sentiment around the company’s operations and outlook. At its annual general meeting, the management reiterated their commitment to long-term growth despite challenges in the ongoing Clean Fuel Project (CFP). CFP investment of $1.2-1.7bn will come from two major sources – cash in hand and cash flow from operations. In April, the Thai Oil announced the termination of its EPC contract with the main UJV contractor responsible for CFP delays, a move seen as critical to resolving project risks and improving execution visibility. Thai Oil has also ensured that the termination will not hamper with the CFP project completion. Thai Oil had appointed consulting firm Wood Plc as the new Energy Procurement & Construction Management (EPCM) firm in May. Sriracha Construction was granted the contract in June.
Go back to Latest bond Market News
Related Posts:
Increasing Interest in Indian and Indonesian Bonds
September 27, 2017
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.