DOCSLIB.ORG

Petroleum – Cooperation for a Sustainable Future

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Petroleum – Cooperation for a Sustainable Future Contents Vienna, Austria Petroleum – cooperation for a sustainable future 20–21 June 2018 Hofburg Palace OPEC bulletin OPEC www.opec.org 7th OPEC international seminar: Building on cooperation The energy world will turn its eyes to Vienna on June 20–21 for the channels of dialogue and cooperation — while also stimulating Commentary OPEC Seminar, which will take place at the magnificent Hofburg new ones. Palace. So much has happened since the last Seminar was held All this will take place in the Hofburg, the former imperial in 2015, that this year’s edition of the international event is sure residence of the Habsburg dynasty, whose original structure dates to make for some very stimulating dialogue. back to the 13th century. After serving as the home to some of the This 7th edition will be particularly special in that it is the most important people in Austrian and European history over the first Seminar to be held since the historic OPEC and non-OPEC centuries, the elegant venue will host the OPEC Seminar for the ‘Declaration of Cooperation’ was signed on December 10, 2016. fifth time. This achievement has brought a strong international focus to Until 1918, the extensive complex was the political centre of OPEC, marking it as an institution which continues to take its the monarchy, and today fulfils the same role for the Republic mission to strive for oil market stability seriously. Indeed, the of Austria. Inside its walls, Emperor Joseph II once drew up his Organization has been ‘midwife’ to a collaborative decision among revolutionary programme of reforms, the Congress of Vienna met producers that before was never thought possible — and which and Emperor Franz Josef hosted audiences. Today, the offices of is unprecedented. the Federal President are located there. With markets growing in complexity, the need for broader co- OPEC also recently celebrated Vienna as host to 100 meetings operation is more important than ever before. Thus, this year’s of the OPEC Ministerial Conference, as well as the ‘Declaration OPEC Seminar will provide a unique platform for enhancing co- of Cooperation’ and other important OPEC events. The city has operation, while also engaging in open discussions. provided an environment that has allowed OPEC — and several Additionally, the theme ‘Petroleum — cooperation for a sus- other international organizations — to work and prosper, and is tainable future’ is certainly fitting, given today’s emphasis on regularly voted the most ‘livable’ city in the world. major global challenges such as sustainable development, the Along with the Hofburg, Vienna itself has an amazing history environment and energy poverty. In addition, the ‘energy tran- — having gone from being an imperial city, to the seat of the Holy sition’ — which was already a topic much debated at the bien- Roman Empire, to capital of the Austro-Hungarian Empire, and nial International Energy Forum meeting in New Delhi, India, finally to its most recent incarnation as capital of Austria, born in April of this year — will be the subject of much discussion. out of World War II as a republic. The city’s art, culture and mu- Understanding oil’s position in this rapidly changing landscape sic inspire millions worldwide. is important — and it is sure to remain a topic of conversation We hope that the beauty and inspirational spirit of Vienna, for many years to come. and its fame as a home to many international organizations, as More than 800 key players and decision makers will be on well as multitudes of cooperative decisions and debates in vari- hand at this year’s Seminar, including many ministers from OPEC ous international arenas will infuse this year’s Seminar. and non-OPEC countries. More than 100 high-level speakers and The 7th OPEC Seminar will — in the spirit of the city — facili- panelists — including captains of industry, officials from energy tate discussions among industry leaders on mapping future coop- and oil ministries, executives from international oil companies eration. What is clear is that ongoing vigilance regarding market and financial firms, along with representatives from international indicators is required, as well as quick and collective responses. organizations and research institutions — will give presentations. The OPEC Seminar thus will serve to reinforce OPEC’s long- The OPEC Seminar is divided into five sessions, covering a standing commitment to strive towards a secure and stable mar- range of topics. These include energy cooperation, technology ket in support of a healthy global economy. It will emphasize breakthroughs, the energy transition, investment in the oil in- the need for continuing promotion of cooperation and dialogue dustry and world economy and the future of oil. among all oil industry stakeholders — including producers and The event is sure to provide fresh insights into key petroleum consumers — for the long-term benefit of the industry and the industry issues and challenges, and is likely to enhance existing global economy. Contents 4 18 41 JMMC 4 An industry transformed: the 8th Joint Ministerial Monitoring Committee Meeting 8 Saudi Arabia and OPEC: A history of visionary leadership Lecture Series 12 Ali I Al-Naimi: OPEC icon returns to the Secretariat Iran Oil Show 18 ‘Made in Iran’: IR Iran petroleum industry seeking self-sufficiency 24 Thinking local 27 OPEC active at IR Iran Oil and Gas Show 28 Iran Petroleum Museums preserving oil history International OPEC Seminar 32 OPEC Seminar: Petroleum — cooperation for a sustainable future Forum 38 Looking beyond the short term: cooperation and innovation 41 Azerbaijan unveils phase two of Shah Deniz project Award 44 Abdullah Bin Hamad Al Attiyah — An OPEC and energy industry legend 46 OPEC Secretary General receives Abdullah Bin Hamad Al Attiyah Energy Award for Lifetime Achievement for the Advancement of OPEC Forum 48 OPEC Secretary General speaks at Uzbekistan Oil and Gas exhibition and conference Publishers OPEC Membership and aims OPEC OPEC is a permanent, intergovernmental Organization, Organization of the Petroleum Exporting Countries established in Baghdad, on September 10–14, 1960, Helferstorferstraße 17 by IR Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Its 1010 Vienna objective — to coordinate and unify petroleum policies Austria among its Member Countries, in order to secure a steady Telephone: +43 1 211 12/0 income to the producing countries; an efficient, economic OPEC bulletin OPEC and regular supply of petroleum to consuming nations; and Telefax: +43 1 216 4320 a fair return on capital to those investing in the petroleum Contact: Editor-in-Chief, OPEC Bulletin industry. Today, the Organization comprises 14 Members: Fax: +43 1 211 12/5081 Qatar joined in 1961; Libya (1962); United Arab Emirates E-mail: [email protected] Cover (Abu Dhabi, 1967); Algeria (1969); Nigeria (1971); Angola Website: www.opec.org This month’s cover reflects the 8th Joint Ministerial (2007); Equatorial Guinea (2017). Ecuador joined OPEC in Monitoring Committee, which was held in Jeddah, 1973, suspended its Membership in 1992, and rejoined in Saudi Arabia, on April 20 (see story on p4). Website: www.opec.org 2007. Indonesia joined in 1962, suspended its Membership Visit the OPEC website for the latest news and infor- on December 31, 2008, reactivated it on January 1, 2016, mation about the Organization, and for back issues but suspended its Membership again on December 31, of the OPEC Bulletin, which are available free of 2016. Gabon joined in 1975 and left in 1995; it reactivated Vol XLIX, No 5, May 2018, ISSN 0474–6279 charge in PDF format. its Membership on July 1, 2016. 46 48 64 Shutterstock Shutterstock Forum 50 Transformations in the energy sector Spotlight 52 ADNOC announces major downstream plans Dialogue 54 American oil icon shares his views on shale oil with OPEC Interview 56 IEA head discusses OPEC cooperation, energy markets Newsline 60 Saudi Arabia to establish strategic solar energy project 61 Iraq partners with oil giants to boost production capacity 61 ADNOC to operate fuel stations in Saudi Arabia Focus on Member Countries 62 OPEC cities in focus 64 Jeddah: Bride of the Red Sea OPEC Fund News 72 Access to energy = powerful women Secretary General’s Diary 74 Visitors to the OPEC Secretary General Vacancy Announcements 76 Noticeboard 78 Market Review 79 OPEC Publications 85 Secretariat officials Contributions Editorial staff Secretary General The OPEC Bulletin welcomes original contributions on Editor-in-Chief Mohammad Sanusi Barkindo the technical, financial and environmental aspects of Hasan Hafidh Director, Research Division all stages of the energy industry, as well as research Editor Maureen MacNeill Dr Ayed S Al-Qahtani reports and project descriptions with supporting il- General Legal Counsel Associate Editors lustrations and photographs. James Griffin, Mario Fantini, Asma Muttawa Scott Laury, Mathew Quinn Head, Data Services Department Editorial policy Contributors Dr Adedapo Odulaja The OPEC Bulletin is published by the OPEC Basma Aribi, Ayman Almusallam Head, PR & Information Department Secretariat (Public Relations and Information Production Hasan Hafidh Diana Lavnick Department). The contents do not necessarily reflect Head, Finance & Human Resources Department Design and layout Jose Luis Mora the official views of OPEC or its Member Countries. Carola Bayer, Tara Starnegg Head, Administration & IT Services Department Names and boundaries on any maps should not be Photographs (unless otherwise credited) Abdullah Alakhawand regarded as authoritative. The OPEC Secretariat shall Herwig Steiner, Wolfgang Hammer Head, Energy Studies Department not be held liable for any losses or damages as a re- Distribution Dr Abderrezak Benyoucef sult of reliance on and/or use of the information con- Mahid Al-Saigh Head, Petroleum Studies Department tained in the OPEC Bulletin. Editorial material may Behrooz Baikalizadeh be freely reproduced (unless copyrighted), crediting Head, Office of the Secretary General the OPEC Bulletin as the source. A copy to the Editor Indexed and abstracted in PAIS International Shakir Mahmoud A Alrifaiey would be appreciated.
Load more

Recommended publications
  • The Destruction of Religious and Cultural Sites I. Introduction The
    Mapping the Saudi State, Chapter 7: The Destruction of Religious and Cultural Sites I. Introduction The Ministry for Islamic Affairs, Endowments, Da’wah, and Guidance, commonly abbreviated to the Ministry of Islamic Affairs (MOIA), supervises and regulates religious activity in Saudi Arabia. Whereas the Commission for the Promotion of Virtue and the Prevention of Vice (CPVPV) directly enforces religious law, as seen in Mapping the Saudi State, Chapter 1,1 the MOIA is responsible for the administration of broader religious services. According to the MOIA, its primary duties include overseeing the coordination of Islamic societies and organizations, the appointment of clergy, and the maintenance and construction of mosques.2 Yet, despite its official mission to “preserve Islamic values” and protect mosques “in a manner that fits their sacred status,”3 the MOIA is complicit in a longstanding government campaign against the peninsula’s traditional heritage – Islamic or otherwise. Since 1925, the Al Saud family has overseen the destruction of tombs, mosques, and historical artifacts in Jeddah, Medina, Mecca, al-Khobar, Awamiyah, and Jabal al-Uhud. According to the Islamic Heritage Research Foundation, between just 1985 and 2014 – through the MOIA’s founding in 1993 –the government demolished 98% of the religious and historical sites located in Saudi Arabia.4 The MOIA’s seemingly contradictory role in the destruction of Islamic holy places, commentators suggest, is actually the byproduct of an equally incongruous alliance between the forces of Wahhabism and commercialism.5 Compelled to acknowledge larger demographic and economic trends in Saudi Arabia – rapid population growth, increased urbanization, and declining oil revenues chief among them6 – the government has increasingly worked to satisfy both the Wahhabi religious establishment and the kingdom’s financial elite.
    [Show full text]
  • 2015/1861 of 18 October 2015 Amending Regulation (EU) No 267/2012 Concerning Restrictive Measures Against Iran
    18.10.2015 EN Official Journal of the European Union L 274/1 II (Non-legislative acts) REGULATIONS COUNCIL REGULATION (EU) 2015/1861 of 18 October 2015 amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 215 thereof, Having regard to Council Decision 2010/413/CFSP of 26 July 2010 concerning restrictive measures against Iran and repealing Common Position 2007/140/CFSP (1), Having regard to the joint proposal of the High Representative of the Union for Foreign Affairs and Security Policy and of the European Commission, Whereas: (1) Council Regulation (EU) No 267/2012 (2) gives effect to the measures provided for in Decision 2010/413/CFSP. (2) On 18 October 2015, the Council adopted Decision (CFSP) 2015/1863 (3) amending Decision 2010/413/CFSP, providing for certain measures in accordance with United Nations Security Council Resolution (UNSCR) 2231 (2015) endorsing the Joint Comprehensive Plan of Action of 14 July 2015 (‘JCPOA’) on the Iran nuclear issue and providing for actions to take place in accordance with the JCPOA. (3) UNSCR 2231 (2015) determines that upon verification by the International Atomic Energy Agency (IAEA) of the implementation of Iran's nuclear-related commitments as set out in the JCPOA, the provisions of UNSCRs 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1835 (2008), 1929 (2010) and 2224 (2015) are to be terminated. (4) UNSCR 2231 (2015) further determines that States are to comply with the relevant provisions contained in Annex B to UNSCR 2231 (2015) aimed at promoting transparency and creating an atmosphere conducive to the full implementation of the JCPOA.
    [Show full text]
  • Annual Report on Form 20-F ANNUAL REPORT /2012 Annual Report on Form 20-F
    ANNUAL REPORT /2012 Annual Report on Form 20-F ANNUAL REPORT /2012 Annual Report on Form 20-F The Annual Report on Form 20-F is our SEC filing for the fiscal year ended December 31, 2012, as submitted to the US Securities and Exchange Commission. The complete edition of our Annual Report is available online at www.statoil.com/2012 © Statoil 2013 STATOIL ASA BOX 8500 NO-4035 STAVANGER NORWAY TELEPHONE: +47 51 99 00 00 www.statoil.com Cover photo: Ole Jørgen Bratland Annual report on Form 20-F Cover Page 1 1 Introduction 3 1.1 About the report 3 1.2 Key figures and highlights 4 2 Strategy and market overview 5 2.1 Our business environment 5 2.1.1 Market overview 5 2.1.2 Oil prices and refining margins 6 2.1.3 Natural gas prices 6 2.2 Our corporate strategy 7 2.3 Our technology 9 2.4 Group outlook 10 3 Business overview 11 3.1 Our history 11 3.2 Our business 12 3.3 Our competitive position 12 3.4 Corporate structure 13 3.5 Development and Production Norway (DPN) 14 3.5.1 DPN overview 14 3.5.2 Fields in production on the NCS 15 3.5.2.1 Operations North 17 3.5.2.2 Operations North Sea West 18 3.5.2.3 Operations North Sea East 19 3.5.2.4 Operations South 19 3.5.2.5 Partner-operated fields 20 3.5.3 Exploration on the NCS 20 3.5.4 Fields under development on the NCS 22 3.5.5 Decommissioning on the NCS 23 3.6 Development and Production International (DPI) 24 3.6.1 DPI overview 24 3.6.2 International production 25 3.6.2.1 North America 27 3.6.2.2 South America and sub-Saharan Africa 28 3.6.2.3 Middle East and North Africa 29 3.6.2.4 Europe and Asia
    [Show full text]
  • U.S. Government Implementation of New Iran Sanctions Legislation at the End of September 2010, the U.S
    Outbound Trade Compliance Washington, D.C. Client Alert Focus on Iran October 12, 2010 U.S. Government Implementation of New Iran Sanctions Legislation At the end of September 2010, the U.S. Government took several actions to In This Issue: implement the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ("CISADA"), issuing regulations and making sanctions determinations U.S. Government Implementation of concerning several non-U.S. entities. With these actions, the Obama New Iran Sanctions Legislation Administration has shown its willingness to use the U.S. Government's new Imposition of ISA Sanctions on legislative authority. Companies investing in or doing business with Iran's energy NICO sector should expect to face increasing publicity and scrutiny–official, unofficial, Application of the ISA's "Special formal, and informal–by various parts of the U.S. Government and likely also the Rule" press. New Designations on the SDN List By way of background, CISADA amended the Iran Sanctions Act, 50 U.S.C. § Regulations Implementing 1701 note ("ISA"), to authorize the imposition of sanctions on persons that sell CISADA's Government Contracting refined petroleum products to Iran, support Iran's efforts to develop its domestic Restrictions petroleum refining capabilities, support the enhancement of Iran's ability to import refined petroleum products, or engage in certain other activities in or related to Regulations Implementing CISADA's Codification of the U.S. Iran. Baker & McKenzie previously issued a separate Client Alert on CISADA, Economic Embargo on Iran which can be read here. In August 2010, the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") took a first step to implement CISADA by publishing in the Federal Register the Iranian Financial Sanctions Regulations ("IFSR"), also pursuant to CISADA.
    [Show full text]
  • ONE ^ ALTY O'hara WOMAN HEU) in DEATH Reslom HERE Torn Yoht Clock Abead an Hour Tonight RAKESCUT
    y r ’j-r- NET PRESS RUE inia WEATHER. AVERAGE DAILV CIRCULATIOE OF THE EVENING HFRALD Unsettled, prohabljr showers for the month of March, 1926, and warmer tonli^t. Sonda^ fafr and cooler. 4 , 7 3 6 MANCHESTER, CONN., SATURDAY, APRIL 24,1926. .(TWELVE PAGES) PRICE THREE CENTS VOL. X U V ., NO. 175. Classlfled Advertising on Page 0 GBllMAN, RUSSIA SIGN WILL CELEBRATE 108TH NON-ATTACK COMPACT BIRTHDAY OP ‘♦DAUGHTER’’ O’HARA WOMAN WETS TO MAKE MARNE BATHE Berlin, April 24— ^The Russo- Putnam, April 24.— Plans Torn Yoht Clock Abead German treaty was signed to­ are being made by Elizabeth day. The treaty, which is a Porter Putnam Chapter, D. A. HEU) IN DEATH RAKESCUTRATE mutual agreement of non-at­ BIG DRIVE ON REFODGHT HERE; R., to celebrate the 108th birth­ An Hour Tonight tack, is described by German day of the oldest living Daugh­ statesmen as extending the Lo­ ter, Mrs. Sarah Bosworth BEAUT^ARLOR carno a^eements to the Rus­ A R E ^E N D U M ONE ^ A L T Y Bradbury, which occurs next RESlOm HERE Manchester and most of the cities in the state, Massa­ sian frontiers. Friday. A delegation from the chusetts and Rhode Island, will go back again to a Day- .The text of the treaty is ex­ local chapter intends to motor pected to be published early to Mrs. Bradbury’s home at ‘light Saving schedule tonight at'midnight. Do not for­ Chicago Price War Brings 92 next week. That Will Be Chief Goal ‘ ^Johwiy, the Baker” Starts Eastford in order to call on her Rockville Girl, Accused as get to set your clock ahead one hour.
    [Show full text]
  • Extractive Industries Transparency Summary Report 2017
    EXTRACTIVE INDUSTRIES TRANSPARENCY SUMMARY REPORT 2017 EXTRACTIVE INDUSTRIES TRANSPARENCY SUMMARY REPORT 2017 2 THE MAP OF OIL AND GAS 1FIELDS Siyazən monoklinalı Tarsdallar Garbi Absheron Shimali Pirallahi Dan Ulduzu Fatmayi Gazanbulag Sianshor Aypara Garbi Pirallahi Gala Ashrafi OVERVIEW: Ajidara Surakhani Naftalan Donguzdug Gurgan-daniz Gabala Hovsan Chilov island Guzdak Zygh Zira Hazi Aslanov Umbaki Turkan-daniz Garabagh Tartar Palchig Pilpilasi Neft Dashlari Kalamaddin Rahim Bibiheybat Gum-daniz Janub Gunashli accordance with the Decree No. 1315 of the President Garadagh Garadagh-daniz Janub-2 Chiraq of the Republic of Azerbaijan, dated April 5, 2017 on Sangachal Zardab 8 Mart “Additional Measures to Increase Transparency and Padar Bahar Azeri In Duvanni-daniz Accountability in the Extractive Industries”, the implementa- Dashgil Absheron Kapaz Muradkhanli Misavdagh Khara-zira tion of transparency and accountability standards in the Goturdagh Jafarli Alat-daniz Bulla-daniz Kurovdag extractive industry of the country is sustained on the basis of Gatmaz Garasu Shah-daniz Pirsaat D-230 the following international principles: Kursangi Umid Garabaghli 1. Management of revenues generated from natural Shafag resources for increased welfare of country citizens Babak Asiman and national interests shall be the sovereign power Durovdagh of state; Khilli 2. Introduction of lean practices for use of revenues Neftchala generated from natural resources is a key enabler for poverty reduction and sustainable economic development; 3. Transparency and
    [Show full text]
  • Intentional Destruction of Cultural Heritage As a Violation of Human Rights in Bahrain and Saudi Arabia
    Intentional destruction of cultural heritage as a violation of human rights in Bahrain and Saudi Arabia 1. Bahrain The Government of Bahrain’s destruction of cultural heritage sites disproportionately affects its Shia population, leading to violations of human rights and cultural rights. The Bahraini authorities’ destruction of cultural heritage sites manifests itself in the demolition of the Pearl Roundabout and Shia mosques. The destruction of the Pearl Roundabout and harassment and imprisonment of individuals displaying images of the Roundabout prevent Bahrainis from engaging with their cultural heritage. These practices also violate their right to be free of arbitrary detention, the right to association, assembly, and expression. The destruction of Shia mosques and harassment of worshippers violates Shia’s right to freedom of religion, association, and expression. It also prevents them from practicing their beliefs and taking part in cultural life. Moreover, the targeted nature of the Bahraini Government’s actions single out Shia and violates their rights to non-discrimination and equality under the law. A. Pearl Roundabout Before February 2011, the Pearl Roundabout stood as a symbol of Bahrain and its membership in the Gulf Cooperation Council (GCC). Bahrain erected the monument in 1982 in tribute to the GCC summit held in Bahrain that year. The monument was composed of six swords, representing the six states of the GCC, supporting a pearl, representing Bahrain’s pearling past. 1 During the 2011 demonstrations, the Pearl Roundabout’s significance shifted as it became a symbol of the national protests calling for freedom and democracy. As a result, the government demolished the monument in March 2011 and took measures to erase all imagery of the Roundabout from public view.
    [Show full text]
  • Authorizing Additional Sanctions with Respect to Iran
    EO 13622 Title 3—The President Executive Order 13622 of July 30, 2012 Authorizing Additional Sanctions With Respect to Iran By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emer- gencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code, I, BARACK OBAMA, President of the United States of America, in order to take additional steps with respect to the national emergency declared in Executive Order 12957 of March 15, 1995, as relied upon for additional steps in subsequent Executive Orders, particularly in light of the Govern- ment of Iran’s use of revenues from petroleum, petroleum products, and pe- trochemicals for illicit purposes, Iran’s continued attempts to evade inter- national sanctions through deceptive practices, and the unacceptable risk posed to the international financial system by Iran’s activities, hereby order: Section 1. (a) The Secretary of the Treasury, in consultation with the Sec- retary of State, is hereby authorized to impose on a foreign financial insti- tution the sanctions described in subsection (b) of this section upon deter- mining that the foreign financial institution has knowingly conducted or fa- cilitated any significant financial transaction: (i) with the National Iranian Oil Company (NIOC) or Naftiran Intertrade Company (NICO), except for a sale or provision to NIOC or NICO of the products described in section 5(a)(3)(A)(i) of the Iran Sanctions Act of 1996 (Public Law 104–172), as amended, provided that the fair market value of such products is lower than the applicable dollar threshold specified in that provision; (ii) for the purchase or acquisition of petroleum or petroleum products from Iran; or (iii) for the purchase or acquisition of petrochemical products from Iran.
    [Show full text]
  • April 2005 Edition of the OPEC Bulletin
    No time for complacency The OPEC Fund for International Development increases funding against C o m m e n t a r y HIV/AIDS with fresh approvals In the world of oil and oil markets one might wonder what doubt should not be allowed to play a part in trying to help im- OPEC Member Countries have to do with combating the spread prove the welfare of others; rather hope must be high on the of AIDS. The answer should not come as a surprise to those agenda, and it’s in this sense that the Member Countries of OPEC who know OPEC well, because over the past 29 years, its sister and the OPEC Fund have continued to pledge financial assistance organization, the OPEC Fund for International Development has to those in need. given more than $330.5 million in grant assistance for a host The world has known about HIV for over 25 years now, and of important activities, including the global campaign against yet the battle against the spread of the virus is as urgent now HIV/AIDS. as it has ever been. The statistics make for worrying reading, as Since 2001, the Fund has committed over $26m from the many experts say that little has improved in terms of infection $35m set aside for the AIDS cause. In effect, this means that in rates and combating the spread of the disease, especially in the four years since the HIV/AIDS account was launched, commit- developing countries, and in particular in Africa. Increasingly, ments under it have grown to represent more than eight per cent women are the victims of HIV/AIDS, which is a terrible indict- of the Fund’s total, cumulative grant approvals.
    [Show full text]
  • Prospectus of 31 March 2014
    Statoil ASA, prospectus of 31 March 2014 Registration Document Prospectus Statoil ASA Registration Document Stavanger, 31 March 2014 Dealer: 1 of 47 Statoil ASA, prospectus of 31 March 2014 Registration Document Important information The Registration Document is based on sources such as annual reports and publicly available information and forward looking information based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for the Company's and Guarantor’s (including subsidiaries and affiliates) lines of business. A prospective investor should consider carefully the factors set forth in chapter 1 Risk factors, and elsewhere in the Prospectus, and should consult his or her own expert advisers as to the suitability of an investment in the bonds. This Registration Document is subject to the general business terms of the Dealer, available at its website (www.dnb.no). The Dealer and/or affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Registration Document, and may perform or seek to perform financial advisory or banking services related to such instruments. The Dealer’s corporate finance department may act as manager or co-manager for this Company and/or Guarantor in private and/or public placement and/or resale not publicly available or commonly known. Copies of this presentation are not being mailed or otherwise distributed or sent in or into or made available in the United States. Persons receiving this document (including custodians, nominees and trustees) must not distribute or send such documents or any related documents in or into the United States.
    [Show full text]
  • Actions to Enforce the Iran Sanctions Act and Implement Contractor Certification Requirement
    United States Government Accountability Office Washington, DC 20548 January 24, 2012 The Honorable Claire McCaskill Chairman Subcommittee on Contracting Oversight Committee on Homeland Security and Governmental Affairs United States Senate Subject: Actions to Enforce the Iran Sanctions Act and Implement Contractor Certification Requirement Dear Madam Chairman: It is the policy of the United States to deter Iran from developing its nuclear program, supporting terrorism, and abusing human rights by limiting the development of Iran’s energy sector, which is vital to its economy and government. The Iran Sanctions Act of 1996 (ISA), as amended, provides for sanctions against firms determined to have made certain investments in Iran’s energy sector.1 While the ISA applies to all firms, U.S. firms were already prohibited from investing in Iran under a U.S. trade embargo, and the ISA was enacted to encourage foreign firms to withdraw from the Iranian market. However, no sanctions have been imposed under the ISA by any prior administration. The Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA)2 amended the ISA by expanding the energy-related activities for which sanctions could be applied to include firms determined to have provided to Iran or invested in Iran’s development of refined petroleum products.3 Sanctions include excluding firms from receiving U.S. government contracts. CISADA also directed that the Federal Acquisition Regulation (FAR) be revised to require firms seeking U.S. government contracts to certify that neither they nor any firms owned or controlled by them are engaged in activities for which sanctions may be imposed under section 5 of the ISA.
    [Show full text]
  • Iran Sanctions
    Iran Sanctions Kenneth Katzman Specialist in Middle Eastern Affairs April 26, 2012 Congressional Research Service 7-5700 www.crs.gov RS20871 CRS Report for Congress Prepared for Members and Committees of Congress Iran Sanctions Summary The objective of sanctions—to compel Iran to verifiably demonstrate that its nuclear program is for purely peaceful uses—may be on its way to achievement but has not been accomplished to date. The international coalition that is imposing progressively strict economic sanctions on Iran has broadened and deepened, producing significant effects on Iran’s economy. U.S. officials believe that these sanctions—which are now targeting Iran’s oil export lifeline—caused Iran to return to the nuclear bargaining table in April 2012 with greater seriousness and intent toward peaceful resolution. Many judge that Iran needs an easing of sanctions because the energy sector provides nearly 70% of Iran’s government revenues. Iran’s worsening economic situation is caused by: • A decision by the European Union on January 23, 2012, to wind down purchases of Iranian crude oil by July 1, 2012. EU countries buy about 20% of Iran’s oil exports. This action took into consideration an International Atomic Energy Agency (IAEA) report on Iran’s possible efforts to design a nuclear explosive device, and diplomatic and financial rifts with Britain, which caused the storming of the British Embassy in Tehran on November 30, 2011. • Decisions by other Iranian oil purchasers, particularly Japan, to reduce purchases of Iranian oil. Those decisions are intended to comply with a provision of the FY2012 National Defense Authorization Act (P.L.
    [Show full text]