17CTCE Onsite Prog A5+TD.Indd
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Afghanistan H.E. Abdul Hadi Arghandiwal Acting Minister of Finance Ministry of Finance Pashtoonistan Maidan Kabul Afghanistan Mr
PUBLIC DISCLOSURE AUTHORIZED INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES REPRESENTATIVE AND ALTERNATE REPRESENTATIVE Member Representative Alternate Representative Afghanistan H.E. Abdul Hadi Arghandiwal Mr. Abul Habib Zadran Acting Minister of Finance Deputy Minister for Finance Ministry of Finance Ministry of Finance Pashtoonistan Maidan Pashtoonistan Maidan Kabul Kabul Afghanistan Afghanistan Albania H.E. Ms. Anila Denaj Ms. Luljeta Minxhozi Minister of Finance and Economy Deputy Governor Ministry of Finance and Economy Bank of Albania Boulevard Deshmoret E. Kombit, No. 3 Sheshi "Skenderbej", No. 1 Tirana Tirana Albania Albania Algeria H.E. Aimene Benabderrahmane Mr. Ali Bouharaoua Minister of Finance Director General Ministere des Finances Economic and Financial External Affairs Immeuble Ahmed Francis Ministere des Finances Ben Aknoun Immeuble Ahmed Francis Algiers 16306 Ben Aknoun Algeria Algiers 16306 Algeria Argentina H.E. Gustavo Osvaldo Beliz Mr. Christian Gonzalo Asinelli Secretary of Strategic Affairs Under Secretary of International Financial Office of the President Relations for Development Balarce 50 Office of the President Buenos Aires Balarce 50 Argentina Buenos Aires Argentina Armenia H.E. Atom Janjughazyan Mr. Armen Hayrapetyan Minister of Finance First Deputy Minister of Finance Ministry of Finance Ministry of Finance Government House 1 Government House 1 Melik-Adamian St. 1 Melik-Adamian St. 1 Yerevan 0010 Yerevan 0010 Armenia Armenia Corporate Secretariat March 24, 2021 1 PUBLIC DISCLOSURE AUTHORIZED INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES REPRESENTATIVE AND ALTERNATE REPRESENTATIVE Member Representative Alternate Representative Australia Hon. Josh Frydenberg MP Hon. Michael Sukkar MP Treasurer of the Commonwealth of Australia Assistant Treasurer Parliament House Parliament House Parliament Dr. Parliament Dr. Canberra ACT 2600 Canberra ACT 2600 Australia Australia Austria H.E. -
Endorser Statements (In Alphabetical Order)
Endorser Statements (in alphabetical order) Rovnag Abdullayev, President, SOCAR (Azerbaijan) “The growing global oil & gas industry has also brought into the global agenda the mitigation of negative effects to the environment and climate change as well as environmental protection. Azerbaijan, as an oil producing country, has undertaken bold actions and achieved significant results during the past several years. SOCAR has joined the World Bank’s initiative “Zero Routine Flaring by 2030” together with global oil giants and was the fifth company to endorse the initiative. Through joining World Bank's initiative on gas flaring, SOCAR has achieved to decrease the ratio of flared gas to 1.7% in 2013 and 1.6% in 2014 accordingly. Moreover, the captured flare gas was channeled into gas transportation network to be delivered to end consumers. This fact highlights once again the importance that Azerbaijan pays to environmental protection and mitigation of climate change risks.” Solomon Asamoah, Vice President, African Development Bank “We welcome this global Initiative to end routine flaring no later than 2030. The African Development Bank’s strategy for the period 2013 – 2022 has inclusive and green growth as the overarching objectives and this initiative is clearly aligned with our strategic focus of sustainable development.” Børge Brende, Minister of Foreign Affairs, Norway “In Norway flaring, except emergency flaring, has been forbidden from the start of our oil production, to avoid wasting resources. Later, global warming reinforced our commitment. Flaring in the Arctic is especially damaging. Carbon from the flaring falls on snow and the glacier, accelerating the melting. We have all seen the disturbing pictures of polar bears without their natural habitat of ice. -
International Directory of Deposit Insurers
Federal Deposit Insurance Corporation International Directory of Deposit Insurers September 2015 A listing of addresses of deposit insurers, central banks and other entities involved in deposit insurance functions. Division of Insurance and Research Federal Deposit Insurance Corporation Washington, DC 20429 The FDIC wants to acknowledge the cooperation of all the countries listed, without which the directory’s compilation would not have been possible. Please direct any comments or corrections to: Donna Vogel Division of Insurance and Research, FDIC by phone +1 703 254 0937 or by e-mail [email protected] FDIC INTERNATIONAL DIRECTORY OF DEPOSIT INSURERS ■ SEPTEMBER 2015 2 Table of Contents AFGHANISTAN ......................................................................................................................................6 ALBANIA ...............................................................................................................................................6 ALGERIA ................................................................................................................................................6 ARGENTINA ..........................................................................................................................................6 ARMENIA ..............................................................................................................................................7 AUSTRALIA ............................................................................................................................................7 -
Turkish Petroleum Corp. and Cooperations with Nocs and Iocs
NOC-IOC Forum Enhancing Global Energy Security through Cooperation and Partnership 30-31 March, 2009 - Kuwait Turkish Petroleum Corp. and Cooperations with NOCs and IOCs Mehmet UYSAL President & CEO TPAO TPAO: Turkish National Oil Company since 1954 • Reserve: ~ 1 billion boe • 2P Reserve: ~ 9 billion boe • Current Production: ~ 80.000 boe/d • E&P experience over 50 years • Recent Offshore Discoveries • Intense Deep Offshore Exploration Activities • Focus: Middle East, North Africa,Caspian Region and South America • Target: E&P Growth, Transportation & Retail Expansion • Current Cash Flow: $ 2,2 billion • 5 year E&P Investments (2004-08): $ 3.54 billion Energy Corridor and CEYHAN Ceyhan OIL GAS LNG Ceyhan Energy Hub BLUENABUCCOBTCSAMSUNTURKMENISTANWESTERNTURKEYIRANKERKTURKEY PIPELINE USTREAM–K ISTURKEY- -–GREECE INCEYHAN PIPELINECEYHAN BETWEEN - 1 PIPELINE-– ITALY THEPIPELINEPIPELINE IRANPIPELINE PRODUCERS INTERCONNECTORPIPELINE AND CONSUMERS, SCP PIPELINE BLUEARAPIRAQLNG (NIGERIA STREAM–GASTURKEYTHEREFORE PIPELINE -2ALGERIA) PROJECT PIPELINE IT IS A NATURAL BRIDGE. Bottlenecks of transportation : 1 Million b/d 3 Million b/d 17 Million b/d 1 Million b/d 12 Million b/d 4 Million b/d 3 Million b/d 6,5 – 7 Million barrel of oil will be marketed via Turkey. NOC’s and IOC’s Oil & Gas Reserves and Daily Productions Oil Reserves Oil Production Billion Barrel EI TOP 100 : 1.059,4 (%86) World Reserve: 1.237,9 2008- EI TOP 100 COMPANIES Natural Gas Reserves Natural Gas Production Tcm EI TOP 100 : 120 (%68) World Reserve: 177,4 Source: BP Statistical Review 2008 , EI Top 100 Companies (2008) Cooperations in BLACK SEA PETROBRAS %50 TPAO %50 Exploration Blocks EXXONMOBIL %50 TPAO %50 Exploration Blocks TPAO %13,5 Expl. -
Kazmunaygas National Company JCS - Climate Change 2019
KazMunayGas National Company JCS - Climate Change 2019 C0. Introduction C0.1 (C0.1) Give a general description and introduction to your organization. JSC National Company “KazMunayGas” (KMG) is a vertically integrated national oil and gas company that operates across upstream, midstream and downstream segments, representing the interests of the state in the oil and gas industry of Kazakhstan. Outside of Kazakhstan, KMG has more than a thousand fuel sales points in Romania, Moldova, Bulgaria, and Georgia. KMG International N.V. is a strategic enterprise for oil refining and marketing in Romania and the countries of the Black Sea and Mediterranean basins with the access to the end-user market with a population of more than 300 million people. The company accounts for 26% of the total oil and gas condensate and 15% of natural and associated gas production in Kazakhstan, 56% of oil transportation via oil pipelines and tankers from the port of Aktau, as well as 79% of natural gas transportation via main gas pipelines and 82% of oil refining in Kazakhstan with a share of oil products retail market amounting to 17%. KMG also contributes to the economic growth of Kazakhstan and Romania by employing over 83 thousand people. We recognise that our long-term success depends on how effectively, transparently and responsibly we conduct our business. We are committed to support and develop the expertise and knowledge of our human capital as well as to work closely with the communities to ensure operational excellence in regions where we operate. We also understand that the company holds the responsibility to continuously improve its environmental performance by reducing its environmental footprint, improving the products and introducing innovative green technologies. -
RRP Risk Assessment and Risk Management Plan
Shah Deniz Gas Field Expansion Project (RRP AZE 49451-002) RISK ASSESSMENT AND RISK MANAGEMENT PLAN Risk Risk Description Assessment Mitigation Measures or Risk Management Plan Project Construction and Low Operation Complex structure of The progress report by the operator, BP (through its contracts that involve many subsidiary, BP Exploration [Azerbaijan] Limited), shows subcontractors and joint that approximately 93% of the Shah Deniz-ll-related ventures leads to delays in procurement of goods and services and 72% of project implementation supplies and construction works have been completed and/or technical or safety as of 31 August 2016, ahead of the original schedule, problems during and with a 5% savings below the budgeted amount. construction, or interruptions of gas production and/or The lender’s independent engineer has not identified technical or safety problems any incidents of major contractual disputes; ongoing during operations. litigation processes; or any health, safety or safeguards incidents in relation to implementation of Shah Deniz-II. Unanticipated technical challenges arise during The project progress has been based on BP’s drilling of wells. extensive experience and expertise in oil and gas exploration and operation. It is anticipated that Shah Pipeline projects are not Deniz-II (and the downstream pipeline projects) will be completed as planned. completed well within budget and on time. It is also anticipated that BP will successfully operate Shah Deniz-II, having been the largest international operator in Azerbaijan since 1996 and having successfully operated Shah Deniz-l over the past 10 years. Procurement Low BP’s procurement practices Project procurement is conducted in accordance with are not in line with principles BP’s procurement practices as agreed among the under ADB’s procurement parties to the joint operating agreement.2 The lenders’ guidelines.1 technical advisor confirmed that BP Azerbaijan’s procurement strategy and supply chain management are well established. -
India-Azerbaijan Bilateral Relations India and Azerbaijan Have Close
India-Azerbaijan Bilateral Relations India and Azerbaijan have close friendly relations and growing bilateral cooperation based on old historical relations and shared traditions. The Ateshgah fire temple in the vicinity of Baku is a fine example. This medieval monument with Devanagri and Gurmukhi wall inscriptions is a symbol of the age-old relationship between the two countries when Indian merchants heading towards Europe through the Great Silk Route used to visit Azerbaijan. In the recent past, President Dr. S. Radhakrishnan, Prime Minister Pandit Jawaharlal Nehru and film star Raj Kapoor had visited Baku. Famous Azerbaijani artist Rashid Behbudov, a close friend of Raj Kapoor promoted Azeri music in India and Indian music in Azerbaijan. Famous singer Elmira Rahimova spent two years studying Indian music/dance in India in the late 1950s. Diplomatic relations: India recognized Azerbaijan in December 1991. Diplomatic relations with Azerbaijan were established on 28th February, 1992. An Indian resident mission was opened in Baku in March 1999. Azerbaijan opened its first resident mission in New Delhi in October, 2004. The leadership of India and Azerbaijan are keen to form a reliable, strong, vibrant and mutually beneficial partnership with each-other. Bilateral agreements: An agreement on Economic and Technical Cooperation was signed in June, 1998. An Agreement to establish the India-Azerbaijan Intergovernmental Commission (IGC) on Trade, Economic, Scientific and Technological Cooperation was signed in April 2007. Air Service Agreement and a Protocol of Intergovernmental Commission were signed in April 2012. Agreements on Mutual Legal Assistance Treaty (MLAT) in Civil & Commercial Matters and Mutual Legal Assistance Treaty in Criminal Matters and Extradition Treaty were signed in April 2013. -
Climate and Energy Benchmark in Oil and Gas
Climate and Energy Benchmark in Oil and Gas Total score ACT rating Ranking out of 100 performance, narrative and trend 1 Neste 57.4 / 100 8.1 / 20 B 2 Engie 56.9 / 100 7.9 / 20 B 3 Naturgy Energy 44.8 / 100 6.8 / 20 C 4 Eni 43.6 / 100 7.3 / 20 C 5 bp 42.9 / 100 6.0 / 20 C 6 Total 40.7 / 100 6.1 / 20 C 7 Repsol 38.1 / 100 5.0 / 20 C 8 Equinor 37.9 / 100 4.9 / 20 C 9 Galp Energia 36.4 / 100 4.3 / 20 C 10 Royal Dutch Shell 34.3 / 100 3.4 / 20 C 11 ENEOS Holdings 32.4 / 100 2.6 / 20 C 12 Origin Energy 29.3 / 100 7.3 / 20 D 13 Marathon Petroleum Corporation 24.8 / 100 4.4 / 20 D 14 BHP Group 22.1 / 100 4.3 / 20 D 15 Hellenic Petroleum 20.7 / 100 3.7 / 20 D 15 OMV 20.7 / 100 3.7 / 20 D Total score ACT rating Ranking out of 100 performance, narrative and trend 17 MOL Magyar Olajes Gazipari Nyrt 20.2 / 100 2.5 / 20 D 18 Ampol Limited 18.8 / 100 0.9 / 20 D 19 SK Innovation 18.6 / 100 2.8 / 20 D 19 YPF 18.6 / 100 2.8 / 20 D 21 Compania Espanola de Petroleos SAU (CEPSA) 17.9 / 100 2.5 / 20 D 22 CPC Corporation, Taiwan 17.6 / 100 2.4 / 20 D 23 Ecopetrol 17.4 / 100 2.3 / 20 D 24 Formosa Petrochemical Corp 17.1 / 100 2.2 / 20 D 24 Cosmo Energy Holdings 17.1 / 100 2.2 / 20 D 26 California Resources Corporation 16.9 / 100 2.1 / 20 D 26 Polski Koncern Naftowy Orlen (PKN Orlen) 16.9 / 100 2.1 / 20 D 28 Reliance Industries 16.7 / 100 1.0 / 20 D 29 Bharat Petroleum Corporation 16.0 / 100 1.7 / 20 D 30 Santos 15.7 / 100 1.6 / 20 D 30 Inpex 15.7 / 100 1.6 / 20 D 32 Saras 15.2 / 100 1.4 / 20 D 33 Qatar Petroleum 14.5 / 100 1.1 / 20 D 34 Varo Energy 12.4 / 100 -
Statement to the Special Committee on Financial Crimes, Tax Avoidance and Tax Evasion (TAX3)
Statement to the special committee on financial crimes, tax avoidance and tax evasion (TAX3) 11 February 2019 Strasbourg Matthew Caruana Galizia I am a software engineer and data journalist and worked full time for the International Consortium of Investigative Journalists, a nonprofit based in Washington, DC, from April 2014 to April 2018. I was responsible for receiving large volumes of leaked data for my employer and making them available to a large network of journalists for investigation, through a secured platform that I built for the purpose with help from my team. The leaked data came from the Luxembourg tax office, HSBC private bank in Switzerland, Singapore-based Portcullis TrustNet, BVI-based Commonwealth Trust Limited (CTL), Panama-based Mossack Fonseca and Bermuda-based Appleby. I received specialised training that allowed me to easily interpret the leaked legal and corporate documents from offshore law firms. As a software engineer I could build the tools that would allow myself and other journalists all over the world to collaborate on an investigation of hundreds of millions of these documents. My mother, Daphne Caruana Galizia, was an independent investigative journalist with thirty years of experience in journalism. She was assassinated in Malta with a bomb placed under the seat of her car on 16 October 2017, while working full time on a journalistic investigation into the illicit activities of JOSEPH MUSCAT, KEITH ALLEN SCHEMBRI, KONRAD MIZZI, KARL CINI, BRIAN TONNA, YORGEN FENECH, Electrogas Malta and the State Oil Company of the Azerbaijan Republic (SOCAR). Other individuals that she investigated are directly connected to the individuals named above but are party to what I believe to be separate violations that would take many more committee meetings to cover. -
Official Media
WELCOME BACK TO BAKU Dear friends, On behalf of Baku City Circuit, please let me welcome you to the third successive Formula 1 race weekend in Azerbaijan. Last year’s race in Baku was widely recognised as the most exciting and dramatic race of the year – if not the decade – by members of the media, teams, drivers and the global F1 fanbase alike. It truly was a race that had it all culminating in the most unexpected podium line up in many years. The fact that this historic race occurred under our new event title as the FORMULA 1 AZERBAIJAN GRAND PRIX filled us with an even greater sense of pride and satisfaction for a job well done. This year we once again welcome the world to Baku at the slightly earlier date of late April to bear witness to the awe-inspiring sight of F1 cars negotiating one of the fastest and most testing circuits in Formula 1. Baku City Circuit’s winding, narrow sequences, 90-degree turns and high-speed straights - all set against the breath- taking backdrop of Baku’s UNESCO-protected old city, magnificent skylines and beautiful seaside promenade - have proven to be a major challenge to the current F1 grid, resulting in last year’s spectacular outcome and many on-track altercations. We are very confident of a similar explosion of drama, speed and bravery occurring once again for the 2018 edition. Furthermore, the off-track entertainment will be bigger and better than ever before with world-class music, visual and conceptual artists once again performing all along the specially constructed Fan Zone all weekend. -
Massive and Misunderstood Data-Driven Insights Into National Oil Companies
Massive and Misunderstood Data-Driven Insights into National Oil Companies Patrick R. P. Heller and David Mihalyi APRIL 2019 Contents EXECUTIVE SUMMARY ............................................................................................................................... 1 I. UNDER-ANALYZED BEHEMOTHS ......................................................................................................... 6 II. THE NATIONAL OIL COMPANY DATABASE .....................................................................................10 III. SIZE AND IMPACT OF NATIONAL OIL COMPANIES .....................................................................15 IV. BENCHMARKING NATIONAL OIL COMPANIES BY VALUE ADDITION .....................................29 V. TRANSPARENCY AND NATIONAL OIL COMPANY REPORTING .................................................54 VI. CONCLUSIONS AND STEPS FOR FURTHER RESEARCH ............................................................61 APPENDIX 1. NOCs IN NRGI’S NATIONAL OIL COMPANY DATABASE ..........................................62 APPENDIX 2. CHANGES IN NOC ECONOMIC DATA AS REVENUES CHANGED..........................66 Key messages • National oil companies (NOCs) produce the majority of the world’s oil and gas. They dominate the production landscape in some of the world’s most oil-rich countries, including Saudi Arabia, Mexico, Venezuela and Iran, and play a central role in the oil and gas sector in many emerging producers. In 2017, NOCs that published data on their assets reported combined assets of $3.1 trillion. -
Materials for the Extraordinary General Meeting of Shareholders of Kazmunaigas Exploration Production JSC (“Company”) 14 April 2014
Materials for the Extraordinary General Meeting of Shareholders of KazMunaiGas Exploration Production JSC (“Company”) 14 April 2014 An extraordinary general meeting of shareholders (“EGM”) has been called pursuant to resolution adopted on 28 January 2014 by the Board of Directors of KazMunaiGas Exploration Production JSC (“KMG EP” or “Company”). The EGM is to be held on 14 April 2014 at: 17 Kabanbay Batyr, Astana at 10:30AM with the following agenda: On 28 January 2014 the Board of Directors of KazMunaiGas Exploration Production JSC (“KMG EP” or “Company”) called an extraordinary general meeting of shareholders (“EGM”) for 14 April 2014 to be held at: 17 Kabanbay Batyr, Astana at 10:30AM with the following agenda: 1. Appointment of members to the Board of Directors; 2. Amount and terms of compensation package for the members of the Board of Directors of KMG EP. Pursuant to Article 10.16 of the Company’s Charter, the notice of the EGM was published in the Kazakhstanskaya Pravda and Yegemen Kazakhstan newspapers on 8 February 2014. 1. Appointment of members to the Board of Directors Pursuant to the resolution adopted by the extraordinary general meeting of Company’s shareholders adopted on 16 April 2013, the term of the Board was set at three years, i.e. through 15 April 2014. The EGM is held following a resolution adopted by the Company’s Board on 28 January 2014. The notice of the EGM was published in the Kazakhstanskaya Pravda and Yegemen Kazakstan newspapers on 8 February 2014 (pursuant to Article 10.16 of the Company’s Charter).