Siam Oil Product
Attack Intelligence
Siam Oil Product was compromised in a ransomware attack attributed to panzer in August 2026. The organization, operating in the Energy & Utilities sector in Thailand, was added to the group's data leak site as part of an extortion campaign.
panzer operates as a financially motivated ransomware-as-a-service (RaaS) operation, exfiltrating sensitive data and threatening public disclosure to pressure victims into paying ransom demands.
Siam Oil Product Co., Ltd. is a Thailand-based petroleum and industrial-products distributor, operating for 20+ years with registered capital of THB 200 million and 700+ employees; it supplies fuel oil, diesel, asphalt, base oils, automotive/industrial lubricants, petrochemicals such as HDPE/LDPE/LLDPE, plastic additives, and industrial products, and also operates a coffee-shop franchise business. Its headquarters is at RS Tower, Ratchadaphisek Road, Din Daeng, Bangkok, Thailand.