Effective Strategy for Growth 2012 Annual Report
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In1vesting in Offshore
f&fI. BAKER HUGHY flawless execution is essential to maximizing your asset value-as Roger helps ensure flawless execution in well as your return on investment. That's why it's crucial to work with our pressure pumping field services, from a knowledgeable partner you can rely on. hydraulic fracturing to cementing. Visit us online to discover how he and his team can Baker Hughes combines the right people with the right technologies provide you reliable zonal isolation and to achieve the highest possible efficiency at your wellsite. And we're efficient access to your reserves. committed to identifying and implementing best practio~s, so we can improve our performance-and yours-2417. That's hoVi we've been Find out more at earning your trust for more than 100 years. ~. \', www.bakerhughes.com (H~ © 20\ 1BakEr Hughes Incorporal~d. All Righll Re\~l\'ed. 31746 Em ll!J ADVERTISI NG SALES US Sales 11'1ike 1I-10ss, (713) 963-6221, mi!ccm@pcnnwelL com. }..lark Cf.llcs, (713) 963·6237, rnarkg@pennwdl. com Sian Tel'T}; (713) 963-6203, slam@pennwell. Penn Well, Houston office Penn Well, Tulsa office com. I'>1arlenc Breedlove, (713) 963·6293, marleneb@ 1455 West Loop South, Suite 400, HO\Jston, TX 1421 S. Sheridan Rd., Tulsa, OK 74112 pennwE:1l.com. Roy Markum. (713) 963-6220, roym@ 77027 PO Box 1260, Tulsa, OK 74101 pcnnwdl.com. Telephone 713.621.9nO/Fax 713.963.6285/ Telephone 918.835.31611 Fax 918.832.9290 Web sile W'Nw.ogjorlline.com PresentationJEquipment Editor Jim Stilwell, Australia I New Zealand Editor Bob Tippee, [email protected] [email protected] -
Naftna Industrija Srbije A.D
Naftna industrija Srbije A.D. Consolidated Financial Statements and Independent Auditor’s Report 31 December 2016 This version of the financial statements is a translation from the original, which was prepared in Serbian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original Serbian language version of the document takes precedence over this translation Contents INDEPENDENT AUDITOR’S REPORT CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statement of Financial Position 1 Consolidated Statement of Profit and Loss and Other Comprehensive Income 2 Consolidated Statement of Changes in Shareholders’ Equity 3 Consolidated Statement of Cash Flows 4 Notes to the Consolidated Financial Statements 1. Generalinformation 5 2. Summary of Significant Accounting Policies 5 3 Critical Accounting Estimates, Assumptions and Judgments 15 4. Application of New IFRS 18 5. New Accounting Standards 19 6. Financial Risk Management 20 7. Segment Information 24 8. Cash and Cash Equivalents 27 9. Trade and Other Receivables 28 10. Inventories 29 11. Other Current Assets 30 12. Property, Plant and Equipment 31 13. Investment Property 33 14. Goodwill and Other Intangible Assets 35 15. Investments in Joint Venture 36 16. Trade and Other Non-Current Receivables 37 17. Deferred Income Tax 37 18. Other Non-current Assets 38 19. Short-term Debt and Current Portion of Long-term Debt 38 20. Trade and Other Payables 39 21. Other Current Liabilities 39 22. Other Taxes Payable 39 23. Long-term Debt 39 24. Provisions for Liabilities and Charges 41 25. -
The Mineral Industry of Serbia in 2012
2012 Minerals Yearbook SERBIA U.S. Department of the Interior February 2015 U.S. Geological Survey THE MINERAL INDUSTRY OF SERBIA By Yadira Soto-Viruet Serbia’s mineral industry was dominated by copper, iron Euromax Resources Ltd., and Reservoir Minerals Inc., and and steel, and refined petroleum products. Other mineral Orogen Gold plc of the United Kingdom. and mineral-based commodities produced in the country included cement, coal, gold, lead, natural gas, nitrogen, salt, Commodity Review and selenium. Metals Minerals in the National Economy Copper.—In May, state-owned RTB Bor announced the In 2012, Serbia’s gross domestic product (GDP) decreased rehabilitation and reopening of the Cerovo Mine after an by 1.7%. In 2011 (the most recent year for which data were investment of about $23 million. The open pit mine, which was available), mining and quarrying made up about 1.9% of the closed in 2002, is located 15 kilometers (km) northwest of Bor GDP. The value of exports of mining and quarrying products and had estimated reserves of about 150 Mt at an average grade in 2011 was about $92 million, and the value of imports of of 0.35% copper. The company envisioned that initial output mining and quarrying products was about $2.5 billion. About when production resumes at Cerovo would be 2.5 Mt/yr of ore 87% of crude petroleum and 90% of natural gas imports were and would increase to 5.5 Mt/yr after 2015. In 2011, RTB Bor from Russia. The country also imported about 98% of its iron awarded the contract for the modernization of its existing copper ores and concentrates from Ukraine (Statistical Office of the smelting complex to SCN-Lavalin Group Inc. -
Status and Protection of Globally Threatened Species in the Caucasus
STATUS AND PROTECTION OF GLOBALLY THREATENED SPECIES IN THE CAUCASUS CEPF Biodiversity Investments in the Caucasus Hotspot 2004-2009 Edited by Nugzar Zazanashvili and David Mallon Tbilisi 2009 The contents of this book do not necessarily reflect the views or policies of CEPF, WWF, or their sponsoring organizations. Neither the CEPF, WWF nor any other entities thereof, assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, product or process disclosed in this book. Citation: Zazanashvili, N. and Mallon, D. (Editors) 2009. Status and Protection of Globally Threatened Species in the Caucasus. Tbilisi: CEPF, WWF. Contour Ltd., 232 pp. ISBN 978-9941-0-2203-6 Design and printing Contour Ltd. 8, Kargareteli st., 0164 Tbilisi, Georgia December 2009 The Critical Ecosystem Partnership Fund (CEPF) is a joint initiative of l’Agence Française de Développement, Conservation International, the Global Environment Facility, the Government of Japan, the MacArthur Foundation and the World Bank. This book shows the effort of the Caucasus NGOs, experts, scientific institutions and governmental agencies for conserving globally threatened species in the Caucasus: CEPF investments in the region made it possible for the first time to carry out simultaneous assessments of species’ populations at national and regional scales, setting up strategies and developing action plans for their survival, as well as implementation of some urgent conservation measures. Contents Foreword 7 Acknowledgments 8 Introduction CEPF Investment in the Caucasus Hotspot A. W. Tordoff, N. Zazanashvili, M. Bitsadze, K. Manvelyan, E. Askerov, V. Krever, S. Kalem, B. Avcioglu, S. Galstyan and R. Mnatsekanov 9 The Caucasus Hotspot N. -
Energy on the Move Annual Report and Accounts 2014
Energy on the move Annual Report and Accounts 2014 Energy on the move Annual Report and Accounts 2014 www.galpenergia.com This translation of the Portuguese document was made only for the convenience of non-Portuguese speaking interested parties. For all intents and purposes, the Portuguese version shall prevail. ENERGY ON THE MOVE To evolve is to become adapted to the challenges of our surroundings, it is to adjust to new realities and to find ways to overcome our goals. It is for this reason that we can today think of Galp Energia as a living organism, where concepts such as resilience, adaptation, adjustment, involvement and joint construction allow for continuous evolution. Exploration & Production Refining & Marketing Gas & Power Galp Energia + + = Annual Report and Accounts 2014 01 Galp Energia 8 1.1 Galp Energia in the world 10 1.2 Statement of the Board of Directors 12 1.3 Strategy 16 1.4 Main indicators 18 02 Activities 20 2.1 Market environment 21 2.2 Exploration & Production 25 2.3 Refining & Marketing 37 2.4 Gas & Power 41 03 Financial performance 44 3.1 Executive summary 45 3.2 Results analysis 45 3.3 Capital expenditure 47 3.4 Cash flow 47 3.5 Financial debt 48 04 Risk management 49 4.1 Risk management model 50 4.2 Internal control system 51 4.3 Main risks 52 05 Commitment to stakeholders 59 5.1 Corporate governance 60 5.2 Human capital 67 5.3 Research and technology 69 5.4 Health, safety and environment 70 5.5 Quality 72 5.6 Local community development 73 06 Appendices 74 6.1 Proposed allocation of net profit 75 6.2 Additional information 75 6.3 Consolidated financial statements 78 6.4 Reports and opinions 170 6.5 Glossary and acronyms 177 This page is intentionally left blank. -
Notes on the the Upstream Oil Market in South East Europe
Notes on the The Upstream Oil Market in South East Europe on the occasion of the IENE 7 th South East Europe Energy Dialogue in cooperation with Athens: 28, Dimitriou Soutsou str. • GR-115 21 • Tel.: +30 210 817 1500 • Fax: +30 210 685 6657/8 Thessaloniki: 17, Ethnikis Antistasseos str. • GR-55134 • Tel.: +30 2310 478640-50-60-70 • Fax: +30 2310 455126 Certified by ISO 9001:2008 www.kgdi.gr KG LAW FIRM REF. NUM.: 2.801.709 Albania Has there been any research, exploration and/or exploitation activity in the last 10 years? Which companies are active in the upstream activity? Albania has many mineral resources, most notably: copper, iron-nickel and coal, as well as petroleum. There is located one of the largest onshore oil fields in Europe: Patos-Marinza, for which an increasing number of international oil companies today are securing oil prospecting licenses. Over the last decade, the country has awarded drilling licenses to a number of American, Austrian, Canadian, Croatian, Greek, and Swedish companies, and an increasing number of international companies are now seeking prospecting licenses. This has led to a growing workforce and an influx of investment in the oil, mining and gas sectors, which provides optimism for a long term recovery in the extractive industries. In the areas of exploration foreign companies prevail and operate on the basis of PSCs entered into with the Albanian state. In addition to minerals, Albania also holds considerable oil and natural gas, and the government is currently in the process of promoting increased production to international oil and gas firms in the wake of its program of privatization. -
Information for Persons Who Wish to Seek Asylum in the Russian Federation
INFORMATION FOR PERSONS WHO WISH TO SEEK ASYLUM IN THE RUSSIAN FEDERATION “Everyone has the right to seek and to enjoy in the other countries asylum from persecution”. Article 14 Universal Declaration of Human Rights I. Who is a refugee? According to Article 1 of the Federal Law “On Refugees”, a refugee is: “a person who, owing to well‑founded fear of being persecuted for reasons of race, religion, nationality, membership of particular social group or politi‑ cal opinion, is outside the country of his nationality and is unable or, owing to such fear, is unwilling to avail himself of the protection of that country”. If you consider yourself a refugee, you should apply for Refugee Status in the Russian Federation and obtain protection from the state. If you consider that you may not meet the refugee definition or you have already been rejected for refugee status, but, nevertheless you can not re‑ turn to your country of origin for humanitarian reasons, you have the right to submit an application for Temporary Asylum status, in accordance to the Article 12 of the Federal Law “On refugees”. Humanitarian reasons may con‑ stitute the following: being subjected to tortures, arbitrary deprivation of life and freedom, and access to emergency medical assistance in case of danger‑ ous disease / illness. II. Who is responsible for determining Refugee status? The responsibility for determining refugee status and providing le‑ gal protection as well as protection against forced return to the country of origin lies with the host state. Refugee status determination in the Russian Federation is conducted by the Federal Migration Service (FMS of Russia) through its territorial branches. -
The Situation of Minority Children in Russia
The Situation of Children Belonging to Vulnerable Groups in Russia Alternative Report March 2013 Anti- Discrimination Centre “MEMORIAL” The NGO, Anti-Discrimination Centre “MEMORIAL”, was registered in 2007 and continued work on a number of human rights and anti-discrimination projects previously coordinated by the Charitable Educational Human Rights NGO “MEMORIAL” of St. Petersburg. ADC “Memorial‟s mission is to defend the rights of individuals subject to or at risk of discrimination by providing a proactive response to human rights violations, including legal assistance, human rights education, research, and publications. ADC Memorial‟s strategic goals are the total eradication of discrimination at state level; the adoption of anti- discrimination legislation in Russia; overcoming all forms of racism and nationalism; Human Rights education; and building tolerance among the Russian people. ADC Memorial‟s vision is the recognition of non-discrimination as a precondition for the realization of all the rights of each person. Tel: +7 (812) 317-89-30 E-mail: [email protected] Contributors The report has been prepared by Anti-discrimination Center “Memorial” with editorial direction of Stephania Kulaeva and Olga Abramenko. Anti-discrimination Center “Memorial” would like to thank Simon Papuashvili of International Partnership for Human Rights for his assistance in putting this report together and Ksenia Orlova of ADC “Memorial” for allowing us to use the picture for the cover page. Page 2 of 47 Contents Executive Summary ........................................................................................................................ 4 Summary of Recommendations ..................................................................................................... 7 Overview of the legal and policy initiatives implemented in the reporting period ................. 11 Violations of the rights of children involving law enforcement agencies ............................... -
2019 Tbilisi
NATIONAL INTELLECTUAL PROPERTY CENTER OF GEORGIA SAKPATENTI 3(511) 2019 TBILISI INID CODES FOR IDENTIFICATION OF BIBLIOGRAPHIC DATA LIST OF CODES, IN ALPHABETIC SEQUENCE, AND THE CORRESPONDING (SHORT) NAMES OF STATES, OTHER ENTITIES AND INTERGOVERNMENTAL ORGANIZATIONS (WIPO STANDARD ST.3) INVENTIONS, UTILITY MODELS (10) Number of publication for application, which has been examined (54) Title of the invention AD Andorra for the Arab States of the Gulf (GCC) NE Niger (11) Number of patent and kind of document (57) Abstract AE United Arab Emirates GD Grenada NG Nigeria (21) Serial number of application (60) Number of examined patent document granted by foreign patent office, date from which patent AF Afghanistan GG Guernsey NI Nicaragua (22) Date of filing of the application has effect and country code (62) Number of the earlier application and in case of divided application, date of filing an AG Antigua and Barbuda GH Ghana NL Netherlands (23) Date of exhibition or the date of the earlier filing and the number of application, if any application AI Anguilla GI Gibraltar NO Norway (24) Date from which patent may have effect (71) Name, surname and address of applicant (country code) AL Albania GT Guatemala NP Nepal (31) Number of priority application (72) Name, surname of inventor (country code) AM Armenia GW Guinea- Bissau NR Nauru (32) Date of filing of priority application (73) Name, surname and address of patent owner (country code) AN Netherlands Antilles GY Guyana NZ New Zealand (33) Code of the country or regional organization allotting -
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 -
US Sanctions on Russia
U.S. Sanctions on Russia Updated January 17, 2020 Congressional Research Service https://crsreports.congress.gov R45415 SUMMARY R45415 U.S. Sanctions on Russia January 17, 2020 Sanctions are a central element of U.S. policy to counter and deter malign Russian behavior. The United States has imposed sanctions on Russia mainly in response to Russia’s 2014 invasion of Cory Welt, Coordinator Ukraine, to reverse and deter further Russian aggression in Ukraine, and to deter Russian Specialist in European aggression against other countries. The United States also has imposed sanctions on Russia in Affairs response to (and to deter) election interference and other malicious cyber-enabled activities, human rights abuses, the use of a chemical weapon, weapons proliferation, illicit trade with North Korea, and support to Syria and Venezuela. Most Members of Congress support a robust Kristin Archick Specialist in European use of sanctions amid concerns about Russia’s international behavior and geostrategic intentions. Affairs Sanctions related to Russia’s invasion of Ukraine are based mainly on four executive orders (EOs) that President Obama issued in 2014. That year, Congress also passed and President Rebecca M. Nelson Obama signed into law two acts establishing sanctions in response to Russia’s invasion of Specialist in International Ukraine: the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Trade and Finance Ukraine Act of 2014 (SSIDES; P.L. 113-95/H.R. 4152) and the Ukraine Freedom Support Act of 2014 (UFSA; P.L. 113-272/H.R. 5859). Dianne E. Rennack Specialist in Foreign Policy In 2017, Congress passed and President Trump signed into law the Countering Russian Influence Legislation in Europe and Eurasia Act of 2017 (CRIEEA; P.L. -
Possible Future of Russian and CIS Oil Production
Possible future of Russian and CIS oil production Vladimir Milov President, Institute of Energy Policy (http://www.energypolicy.ru) Paris, OECD, June 23rd, 2006 Oil output in Russia: where we are and where we could have been 10 9 Possible (IEP estimate) Actual 8 7 Dec.2002 Source: Oil & Capital, Instit Feb.2003 Apr.2003 Average daily crude oil production in Russia, million Jun.2003 barrels a day Aug.2003 Oct.2003 Dec.2003 ute of Energy Policy estimate Feb.2004 Apr.2004 Jun.2004 Aug.2004 Oct.2004 Dec.2004 Feb.2005 Apr.2005 Jun.2005 Aug.2005 Oct.2005 Dec.2005 Feb.2006 If not the political interference, Russian crude oil output could have reached 10 million barrels a day already. Shift in investments in 2003-2004: from domestic production development to foreign countries Capital investments of the Capex in Russian oil production Russian oil producing companies 12 sector in 2000-2004 10,3 10 Foreign investments of Russian oil producing companies 9 8 8 8 6,45 6,3 6 4,9 4,6 4,7 4 billion USD, money of the day 2 0,1 0 2000 2001 2002 2003 2004 Source: RosStat What’s the reason behind slowdown of crude oil production growth? • Hostile ownership changes • Increase of oil export taxes in 2004 • Ban over private oil pipeline Western Siberia- Murmansk and remaining oil export pipeline bottleneck • Speculation on ‘barbaric production practices’ • The Yukos case Production profiles of the Russian oil producing companies 120% 110% 100% 90% 80% 70% TNK-BP 60% Average daily oil production by companies, % to September 2004Tomskneft Sep.04 Source: Oil & Capital