Prasert Bunsumpan, president of PTT, Thailand’s top energy firm which owned 36 per cent of Star Petroleum Refining—(SPRC), said the refinery’s common shares will be ready to trade on the Stock Exchange of Thailand by the second quarter of 2008 as the soonest.

He said the board of SPRC takes effort to file for a listing of its common share within this year.

SPRC, 64 per cent owned by Chevron, operates a complex refinery with capacity of 150,000 barrels per day.

The listing was in line with an agreement made between the Thai government and oil companies over ten year ago required them to float common shares in the Stock of Exchange after ten year of operation in the Kingdom in exchange for operational license.

SPRC shareholders are in a serious talk to redefine its core business as it becomes a public company to maximize corporate shares value.