TOP : Annual Report 2009

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Contents From an experience stretching back 48 years in the business of refining premium-quality fuels, not only do we overcome adverse conditions, but we are ready to progress toward the cutting edge of business. Not only do we persevere with confidence, but we are primed to expand our business by strengthening it with robust strategies. Not only do we compete, but

we also pave the way to sustainable growth.

002 004 007 018 020 022 025 036 040 043 046 051

060 072 074 078 094 100 113 117 123 124 126

130 135 137 219 220 222

Vision and Mission Financial Highlights Message from The Board of Directors Audit Committee Report Nomination and Remuneration Committee Report Corporate Governance Committee Report Executive Summary Industry Overview Future Projects Refining and Petrochemical Operations Human Resource and Organization Structure Development Corporate Social Responsibility and Quality, Health, Safety

and Environmental Management Systems Board of Directors Organization Chart Management Shareholding and Management Structure Risk Management Corporate Governance Policy Internal Controls Corporate Information Business Description Revenue Structure Management’s Discussion and Analysis of Financial Position and Operating Results Related Party Transactions Board of Directors’ Responsibility for Financial Reporting Financial Statements Audit Fees of the Auditors 2009 Abbreviations and Acronyms Corporate Value


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