TRADING, REFINING, DISTRIBUTION & MARKETING

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "TRADING, REFINING, DISTRIBUTION & MARKETING"

Transcription

1 02 TRADING, REFINING, DISTRIBUTION & MARKETING Refining, Distribution & Marketing Figures in millions of euros Product sales (millions of tons) Capital expenditures in the year EBITDA EBIT SUMMARY OF CEPSA GROUP ACTIVITIES

2 Supply and Trading In 2002, 20.4 million tons of crude oil (148.2 million barrels) were unloaded at CEPSA s refineries, over 6% more than the previous year s volume. As regards crude oil sourcing, 35% came from countries in West Africa, 30% from the Middle East, 18% from Russia, Ukraine and Poland; 12% from Latin America and the Caribbean, and the remaining 5% from Northern Africa and various European countries. Furthermore, over 5.4 million tons of other oil and chemical products, primarily gas oils and fuel oils, were acquired to meet the needs of CEPSA s growing customer base. Refining CEPSA conducts its core refining operations at its 3 whollyowned refineries,tenerife, located in Santa Cruz de Tenerife, Gibraltar in San Roque (Cádiz) and La Rábida in Palos de la Frontera (Huelva), with distillation capacities of 4.5, 12 and 5 million tons of crude oil per year, respectively. Additionally, CEPSA has a 50% interest in the share capital of Asfaltos Españoles, S.A. ASESA, which owns a refinery in Tarragona, chiefly engaged in the production of asphalt, with a treatment capacity of 1.1 million tons per year. The Group s four refineries have been operating for over a decade using an integrated optimization model, which has enabled maximizing synergies from transfers between the refineries of intermediate feedstock and products and from a high level of integration between chemical and refining operations at the Gibraltar and La Rábida refineries. In 2002, the La Rábida Refinery resumed normal operating conditions following the fire which broke out in October 2001 in the Vacuum unit. Likewise, scheduled maintenance turnarounds were performed on the refineries throughout the year, and the RZ-100 unit for the catalytic reforming of light naphtha was revamped The CEPSA Group s overall installed refining capacity, including its share in ASESA, comes to 22 million tons of oil per year and accounts for 33.6% of the country s total capacity. In 2002, 20.5 million tons of crude oil were processed at the company s facilities, up 700,000 tons, or over 3.5%, from the year before. Out of total tonnage treated, the Gibraltar Refinery processed 11.5 million tons of crude oil; La Rábida, 4.4 million tons;tenerife, 4.0 million tons; and 600,000 tons corresponding to CEPSA s stake in the ASESA Refinery. With regard to activities to expand and/or upgrade facilities, several projects were carried out in the Gibraltar Refinery, namely modifications to the units involved in the project to expand the Crude 3 unit and some remodeling and upgrading of a variety of conversion units; the coming online of a new plant to biologically treat and recycle waste water; the link-ups with the new adjacent butane bottling plant belonging to CEPSA ELF GAS; and the adjustments made to the RZ-100 unit which started up. In the Tenerife Refinery, the remodeling of the waste water treatment plant was completed. And lastly, in the La Rábida Refinery, 4 new diesel fuel tanks for product storage, with a capacity of 50,000 m3 each, came on stream as scheduled; a new effluent collector at the Reina Sofia docking facilities was commissioned and the railway loading facilities were modernized to improve future operative safety and efficiency. Additionally, successful results continued to be harnessed from implementation of the PIP (Profit Improvement Program) projects in the three refineries, to optimize yield and process performance, as well as from the completion of the M.I.P project for maintenance planning and programming. Furthermore, CEPSA s three refineries witnessed the phased deployment of various SAP R/3 models, known as MM (Materials Management), PM (Plant Maintenance), PS (Project System) and EBP (Enterprise Buyer Professional).Work also moved ahead on developing and implementing a number of projects in the areas of supplies and maintenance included in the M.A.S. (Maintenance, Supplies and Services) project. 17

3 02 In 2002, the value added from refining stood at $14.09/ton, 29% lower than the year before. Distribution & Marketing The CEPSA Group sold 25.8 million tons of oil products in 2002, up 360,000 tons, or 1.5%, from the previous year. CEPSA s share of Spain s energy market, considering all sales made through its retail network and direct sales channels, rose from last year, coming to roughly 25% against a background of heavy competition, the restructuring of the retail networks of several major oil companies, the expanding number of facilities in hypermarkets and the enforcement of restrictive legislation in some areas of Spain regarding the sale of specific non-oil products in gas station convenience stores. In compliance with the Spanish Government Ruling 6/2000 of June 23rd, regarding urgent measures to intensify competition in the goods and services market, throughout the year CEPSA reduced its shareholding in Compañía Logística de Hidrocarburos (CLH) engaged in storing, transporting and distributing oil and gas nationwide, from 25% to 17% of its share capital, with the objective being to achieve the maximum permitted by the Government, which in the company s case is 15%, during the first quarter of Retail/Direct Sales Operations CEPSA ESTACIONES DE SERVICIO continued to selectively target higher returns through a rigorous and costeffective capital spending program aimed at upgrading the company s retail network in a more challenging market environment, as well as improving the range and quality of its offerings. Accordingly, an innovative training program called IMAN was put into practice, contributing towards developing a new and more customer-oriented focus, as well as other personnel training initiatives in environmental protection, health and safety, micromarketing, c-store merchandising and Cepsanet (high-speed data transmission), which have been successful in giving our retail network a technical and commercial edge.all in all, 2,692 hours of instruction were given through 856 courses, in which nearly 5,000 employees from the subsidiaries CEPSA ESTACIONES DE SERVICIO, VENTAS DIRECTAS, PROMIMER and CEDIPSA participated. Throughout the year and in full compliance with provisions set out in the Spanish Government Ruling 6/2000 of June 23rd, imposing restrictions on the opening of new stations, until June 2003 for CEPSA, steps and actions were taken to increase the number of company-owned and operated stations and marketing measures were put into place, in the context of the company s new positioning, building new outlets in selectively chosen sites to offset the closure of other sites.additionally, the merger of AVANTI s retail network into CEPSA ESTACIONES DE SERVICIO, to reap the full benefits of retail synergies, was recently completed. CEPSA expanded its motor fuel retail share with over 4 million tons of automotive gasoline and diesel sales, 4% more than the previous year. CEPSA also continued to be at the forefront of the C-store segment in Spain, adding 41 new outlets in the year, under the names DEPASO or MINIMARKET, whereby the total number of stores operated by PROMIMER comes to approximately 800. These stores come equipped with the most modern conveniences, and efforts have been made in training personnel and increasing the number and variety of products as well as customer service and quality, which resulted in a year-on-year sales increase of 18% in Progress was made throughout the year in expanding the number of CEPSA STAR, GRUPO, GASOLEO BONIFICADO, RESSA and SERVISA cardholders, with nearly 500,000, cards issued so far, up 4.3% from the year before. In addition, the new EUROTRAFFIC card began operating, which will lead to a sharp growth in volume in the future, representing one of the most competitive international means of payment available on the market, with a network of 11,000 retail sites in 15 countries. 18 SUMMARY OF CEPSA GROUP ACTIVITIES

4 As regards customer loyalty schemes, CEPSA s TRANSCLUB, a leader in the fleet driver segment in recent years, launched a new smart card system coupled with a new catalog of free gifts and special offers. As a result of this initiative, average monthly sales have risen 11%. Another successful scheme comes under the name TURYOCIO, a frequent shopper program aimed at individual motorists, with over 2 million cardholders. Promotional campaigns continued in service stations to attract more customers and new gift catalogs and special travel offers were developed. AGRO-CLUB, a loyalty scheme targeting users of diesel for farm equipment, increased its membership by 12,000 in the year. CEPSA continued to put into practice a plan to refurbish and ensure environmentally-friendly operations at its sites. Agreements were signed with the Environmental Quality Directorates of Spain s regional governments and additionally, a cost-effective project was undertaken to purify waste waters at gas stations. Likewise, an integrated environmental and quality management system began to be implemented, pursuant to UNE-EN ISO 9001/2000 and UNE-EN ISO standards. CECOMASA and CECOGALSA, subsidiaries of CEPSA VENTAS DIRECTAS, obtained Qualicert certification, which is being awarded for the first time in Spain to diesel and fuel oil distribution companies, offering independent recognition to an organization for meeting 44 specifications regarding the level of quality and service provided to customers and guaranteeing conformity with the most rigorous standards. Steps will be taken in upcoming months to seek certification for the rest of the company s subsidiaries. installing a heating oil furnace, with value added services such as remote control, teleprocessing and an integral heating plan.the success of this program can be measured by more than 1,000 furnaces that have been replaced to date. In recognition of CEPSA s marketing achievements, the company s numerous campaigns have received the following prizes and distinctions: Lion Direct Award, gold, in the Cannes Direct Festival; Echo Award, silver, in the Echo Awards Festival (DMA); IMAN, silver, and Special Prize for the Best Loyalty Scheme in the IMAN Festival of FECEMD; and John Caples Award, gold, in the John Caples Festival. Bunker Fuels CEPSA s staying power as the leading bunker supplier on the Spanish market was evidenced by an exceptional sales figure of 5.8 million tons of products. International bunkering business was strengthened from CEPSA s increased activity in the Panama Canal through the subsidiary CEPSA PANAMÁ, which sold 200,000 tons of bunker fuel products in Aviation Fuels CEPSA s sales in the aviation market in 2002 reached 2 million tons, 1% higher than the year before, despite a particularly difficult year for airlines. The planned capital spending program continued to be pursued in the year, noteworthy being the construction of a new supply station in Fuerteventura which is due to be completed in Highlights of the year include CEPSA s entry in the Portuguese market, servicing the Portuguese Air Force, as well as supply contracts signed with other operators. CEPSA was the first and only oil company in Spain to offer a Heating Oil Furnace Replacement Plan, providing a convenient and inexpensive way of repairing, replacing or

5 02 Asphalt CEPSA produces asphalt at its Tenerife and La Rábida refineries as well as in ASESA s refinery in Tarragona, with a total nominal capacity of 1 million tons per year. Sales are made through the wholly-owned subsidiary PROAS, a company which distributes these products from the refineries and 8 proprietary terminals, where special asphalt derivatives for the construction sector are likewise manufactured. In 2002, PROAS sold over 1 million tons of asphalt and byproducts, up 8% from the year before. Out of total sales, 19% were channeled to markets abroad. At year-end, all of PROAS work centers were in possession of ISO-9002 quality assurance certification by AENOR, and are currently in the process of being certified as per the new ISO-9000 quality management standard and ISO environmental management standard. Lubricants The CEPSA Group has two manufacturing plants located in San Roque at the La Rábida Refinery and in LUBRISUR - an affiliate in which CEPSA holds an interest of 65%, the other shareholder being BP Oil España S.A. - and a blending and bottling facility, in which finished lubricants, base stocks and paraffin are produced. During the year, CEPSA s facilities yielded a combined output of over 274,000 tons, slightly lower than the year before, once problems resulting from the accident which took place in October 2001 in the La Rábida Refinery were successfully managed. Retailing activity is carried out by the 100% affiliate CEPSA LUBRICANTES, as well as through wholly or majorityowned companies, such as LUBRISUR, ATLANTICO, LUBRITURIA, LUBRINER, and PETROJAÉN. Aggregate sales of lubricants, base stocks, paraffin, greases and other related products exceeded 301,000 tons. These products were sold under the brand names CEPSA a leader in the Spanish lubricants market and ERTOIL, with 55% channeled to the domestic market, where the Group sells a variety of other automotive products and accessories for both passenger vehicles and fleet drivers. Capital expenditures in the year, amounting to 6.3 million euros, were earmarked towards deploying cutting-edge technologies, enhancing productivity in industrial operations and bolstering marketing performance. In 2002,AENOR, the company that audits quality systems in CLSA, awarded it certification for compliance with international ISO 9001:2000 standards, which will be required as of December 2003, with more stringent specifications than the previous ISO 9001:1994 quality standards. CEPSA in Portugal CEPSA operates in Portugal through CEPSA PORTUGUESA DE PETRÓLEOS, 100% CEPSA-owned, with reception, storage, distribution and marketing facilities for motor fuels, asphalt, lubricants, bunker fuel, and propane. Furthermore, this affiliate has also started selling aviation products to the Portuguese Air Force. A total of 900,000 tons of these products were sold in 2002, up 2.8% from the year before, generating sales revenues of 462 million euros. By products, sales of motor fuels amounted to 326,000 cubic meters, with a market share of roughly 6%, while sales of fuel oil came to 161,000 tons, asphalt, to 188,000 tons and bunker fuel, to 32,000 tons. Capital expenditures totaled 21 million euros, chiefly for the service station network, which numbered 146 retail sites, 5 of which started operating in the year. Noteworthy was a new service area in Almodovar, on the Lisbon-Algarve motorway, as well as the Abrantes station, on the IP6 motorway. 20 SUMMARY OF CEPSA GROUP ACTIVITIES

6 CEPSA in Morocco Throughout the year, CEPSA supplied Moroccan operators with 260,000 tons of gasoline, diesel fuels and liquefied petroleum gases, 30% more than in CEPSA has been developing its activities in Morocco through CEPSA MAGHREB and PETROSUD, selling up to 35,000 cubic meters of gasoline and diesel fuels in 2002, up more than 75% from the previous year, largely concentrated in the fishing sector (Agadir). Liquefied Petroleum Gases (LPG): Butane and Propane CEPSA markets the Group s LPGs through its whollyowned subsidiary CEPSA ELF GAS, with 12 storage and decanting facilities nationwide; 5 of these sites bottle the 12.5 kg. butane canisters, 11 and 35 kg propane containers and the 12 kg. automotive LPG containers. Additionally, a new center came on-line in 2002 in San Roque (Cádiz), practically doubling previous bottling capacity, in order to meet growing demand. Butane for residential use is currently sold in the provinces of Andalusia, Murcia,Valencia, Galicia and Madrid, as well as in some regions of Castilla-La Mancha, Castilla-León and Asturias.As bottling capacity grows, equipped with the most advanced technologies, plans are to continue extending retailing activity over the next few months throughout the rest of the two Castilian provinces and Extremadura, as well as to begin distribution in the areas of Aragón, Navarre, Cantabria and the Basque Country. Natural Gas The Group s strategy in this segment is pursued through MEDGAZ, CEPSA GAS COMERCIALIZADORA, NUEVA GENERADORA DEL SUR and GAS DIRECTO. MEDGAZ This company, started up initially by CEPSA and SONATRACH, each with a 20% interest, was created to study and promote a new sub-sea natural gas pipeline linking Algeria directly to Europe via Spain. Companies currently involved in this project include TOTAL, ENDESA, BP, GAZ DE FRANCE and ENI, each one having a share of 12%. Progress was made in the year towards completing the marine survey to seek a suitable pipeline corridor stretching from Beni Saf in Algeria to the coast of Almeria, Spain, as well as the project s conceptual engineering and market studies. Plans are to conclude the feasibility study in early 2003 and begin the second phase of the project, which involves setting up the new company to undertake the detailed engineering and construction of the pipeline, slated for completion at the end of The MEDGAZ Project, included by the European Commission last year in the proposed List of Projects of Common Interest in the energy sector, was likewise included by Spain s Finance Ministry in the document titled Planning of Gas and Power Sectors. Development of Transportation Networks of September 13, Butane and propane canisters are delivered either door-todoor through a network of 72 distributors, or can be bought directly in more than 740 outlets, 482 of which belong to CEPSA s service station network. Overall, 170,900 tons of propane and butane were sold on the domestic market to end customers in 2002, with an increase of 43,000 tons, or over 34%, from the previous year. The number of canisters came to nearly 6 million, almost twice as many as the year before

7 02 CEPSA GAS COMERCIALIZADORA In 2002, CEPSA GAS COMERCIALIZADORA, S.A. continued to build on its natural gas marketing business to large consumers, signing agreements with customers nationwide involving 10,192 GWh/year. Sales came to 6,553 GWh in the year, 50% of which were for the Group s internal consumption, with revenues coming to 95.1 million euros, rising sharply by 443% from the year before. The company signed a long-term agreement with the Basque utility, Bahía Bizkaia Gas, S.L. to reserve regassification capacity, in addition to what it already has in effect with ENAGAS, and likewise secured two long-term supply contracts for LNG (liquefied natural gas) with the Algerian national oil company SONATRACH, to meet its gas retailing requirements.the company also added to its gas provisions by importing shipments of LNG from the Middle East. One of the year s highlights was the agreement signed by CEPSA and TOTAL with SONATRACH for the Algerian company to acquire an interest in CEPSA GAS COMERCIALIZADORA, S.A. Once the administrative formalities of this acquisition, now underway, have been completed, the new shareholding structure will be SONATRACH (30%),TOTAL (35%) and CEPSA (35%). 22 NUEVA GENERADORA DEL SUR NUEVA GENERADORA DEL SUR, a venture between CEPSA (25%) and UNION FENOSA GENERACIÓN (75%), continued to advance the project to build and operate a natural gas-fired combined cycle power generation plant on property belonging to the Gibraltar refinery, with two 370 mw electrical units, the steam by-product of which will be reused by the refinery itself for its industrial processes. At year-end, contracts for the power islands, the electrical equipment of the 400 Kw sub-station, the water cooling system, the water treatment plant and other auxiliary systems were already awarded.the facility is expected to be operational by mid GAS DIRECTO CEPSA, through its 40% stake in GAS DIRECTO, S.A., in par tnership with UNION FENOSA GAS (60%), is also active in the natural gas distribution sector for the regulated tariff market, and has been authorized by the government to supply gas in 21 townships of Madrid, Galicia, Castilla-La Mancha and Castilla-León. The company delivered natural gas to over 1,200 residential, commercial and industrial customers, generating revenues of 4.2 million euros, in 2002, with a year-on-year increase of over 400%. S U M M A RY O F C E P S A G R O U P A C T I V I T I E S

8 Power Cogeneration In order to enhance energy efficiency at its refineries, chemical plants and production sites, the CEPSA Group s has five cogeneration facilities, with a total capacity of 240 MW, which have been operating since These five plants generated 1,743 million kwh in 2002, as well as 3.75 million tons of steam, used in the Group s internal processes, similar to last year s production volumes, with capacity utilization in these facilities averaging about 86%. Spanish Government Ruling 841/2002 of September 2 granted access to the power market for the sale of surplus electricity production from cogeneration units.this activity was undertaken through CEPSA s affiliate DETISA in the last four months of the year. CEPSA signed an agreement with SONATRACH to collaborate on the development of co-generation facilities on the Spanish Peninsula, which will take effect with the acquisition of a 30% interest in DETISA by the Algerian oil company. Companies MW power Output Million kwh COTESA "Tenerife" DETISA "La Rábida" GEGSA "Gibraltar" GEMASA "Ertisa" GETESA "Interquisa" TOTAL 230 1,

EXPLORACIÓN Y PRODUCCIÓN, COMPANY PROFILE CEPSA ACROSS THE GLOBE

EXPLORACIÓN Y PRODUCCIÓN, COMPANY PROFILE CEPSA ACROSS THE GLOBE 1-56 Cepsa memoria ingles.qxp 8 13/6/08 11:59 Página 8 2007 ANNUAL REPORT CEPSA EXPLORACIÓN Y PRODUCCIÓN, COMPANY PROFILE CEPSA ACROSS THE GLOBE ACTIVIDAD INTERNACIONAL Compañía Española de Petróleos,

More information

refining PEMEX S business unit dedicated to the REFINING of crude oil

refining PEMEX S business unit dedicated to the REFINING of crude oil refining REFINERY PRODUCTION (thousands barrels per day) 2002 Gasolines 398 Fuel Oil 450 Diesel 267 Jet Fuel 57 DOMESTIC SALE (thousands barrels per day) 2002 Gasolines 566 Fuel Oil 406 Diesel 271 Jet

More information

Implications Across the Supply Chain. Prepared for Sustainableshipping Conference San Francisco 30 September 2009

Implications Across the Supply Chain. Prepared for Sustainableshipping Conference San Francisco 30 September 2009 Implications Across the Supply Chain Prepared for Sustainableshipping Conference San Francisco 30 September 2009 Agenda Residual Markets & Quality Refinery Bunker Production Supply & Pricing 2 World marine

More information

Increase of the sales by 33% mainly due to the Safelite acquisition

Increase of the sales by 33% mainly due to the Safelite acquisition 36 - Vehicle Glass Repair and Replacement Increase of the sales by 33% mainly due to the Safelite acquisition 37 Key events in Vehicle Glass Repair and Replacement January 2007 The launch in the UK of

More information

Analyst Presentation 1Q 2008 Results

Analyst Presentation 1Q 2008 Results Analyst Presentation 1Q 2008 Results 0 Contents Section 1: Section 2: Section 3: Section 4: Section 5: Company Overview IPO Update Operating Performance Consolidated Financial Performance Dividend Update

More information

BEFORE IT ALL BEGAN. Osagyefo unveils the plaque to mark the opening of GHAIP

BEFORE IT ALL BEGAN. Osagyefo unveils the plaque to mark the opening of GHAIP Osagyefo unveils the plaque to mark the opening of GHAIP BEFORE IT ALL BEGAN Prior to the construction of the refinery, Ghana imported petroleum products from European and American refineries to meet its

More information

Valero History 1980s Started out in the natural gas industry Grew to become the largest intrastate pipeline in Texas

Valero History 1980s Started out in the natural gas industry Grew to become the largest intrastate pipeline in Texas Valero History 1980s Started out in the natural gas industry Grew to become the largest intrastate pipeline in Texas 6th-largest supplier of natural gas liquids in the U.S. Built Valero Corpus Christi

More information

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff. Respect for customers, partners and staff Service: another name for the respect that a company owes its customers, partners and staff. Vehicle glass KEY FIGURES (in EUR million) 2004 2003 % change Total

More information

CONSOLIDATED FINANCIAL RESULTS OF THE UNIMOT GROUP 3Q 2017

CONSOLIDATED FINANCIAL RESULTS OF THE UNIMOT GROUP 3Q 2017 CONSOLIDATED FINANCIAL RESULTS OF THE UNIMOT GROUP 3Q 2017 1 PRESENTATION AGENDA Key 3Q 2017 events Financial results of the UNIMOT Group Market overview Business segments New projects Financial indicators

More information

The Global Downstream Market

The Global Downstream Market The Global Downstream Market ANIMP Add. 2 1 The global picture The market is a challenging one for many refiners, but the picture is varied, region by region Significant capacity expansion is expected

More information

ERG Petroli. Pietro Giordano

ERG Petroli. Pietro Giordano ERG Petroli Pietro Giordano Table of contents Highlights ERG Petroli retail strategy 2 2 Downstream / Marketing ERG (100%) ERG Petroli Inland Refineries Sarpom Trecate (26%) Raffineria di Roma (22.5%)

More information

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First CONFERENCE CALL 2009 1 st HALF RESULTS Good afternoon and welcome to everybody. I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group

More information

BIODIESEL CHAINS. Biofuels in Poland

BIODIESEL CHAINS. Biofuels in Poland BIODIESEL CHAINS Bucharest, 28th June 2007 Biofuels in Poland Oskar Mikucki KAPE 2007-08-29 The Polish National Energy Conservation Agency 1 History 1990s at the Radom Engineering University oilseed rape

More information

3Q 2016 Analyst Presentation

3Q 2016 Analyst Presentation 3Q 2016 Analyst Presentation November 18, 2016 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ

More information

CONTENT. Introduction. INA Group at a glance. Overview of 2017 results. Core businesses. Exploration and Production. Refining and Marketing

CONTENT. Introduction. INA Group at a glance. Overview of 2017 results. Core businesses. Exploration and Production. Refining and Marketing Company profile CONTENT Introduction 1 INA Group at a glance 2 Overview of 2017 results 4 Core businesses 6 Exploration and Production 6 Refining and Marketing 8 Consumer Services and Retail 10 Corporate

More information

Annual Press Conference

Annual Press Conference Annual Press Conference Stuttgart, 16 December 2016 Prof. Dr. Michael Kaschke President & Chief Executive Officer Thomas Spitzenpfeil Chief Financial Officer ZEISS Group, 2015/16 Annual Press Conference

More information

X5 RETAIL GROUP REPORTS 18.5% NET RETAIL SALES GROWTH IN

X5 RETAIL GROUP REPORTS 18.5% NET RETAIL SALES GROWTH IN X5 RETAIL GROUP REPORTS 18.5% NET RETAIL SALES GROWTH IN 2018 FY 2018 Highlights Total net retail sales growth remained strong at 18.5% y-o-y, driven by: 1.5% increase in like-for-like (LFL) sales; and

More information

Fuel Focus. Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices. Issue 24, Volume 8

Fuel Focus. Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices. Issue 24, Volume 8 Fuel Focus Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices Issue 24, Volume 8 December, Copies of this publication may be obtained free of charge from: Natural Resources

More information

AL BADI TRADING OIL & GAS PRODUCTS LLC

AL BADI TRADING OIL & GAS PRODUCTS LLC OIL & GAS PRODUCTS LLC AB TRADING COMPANY PROFILE WWW.ALBADIGROUP.COM 2018 Contents 03 Mission & Vision BUSINESS MODEL 04 Chairman s Message BUSINESS ACTIVITIES 05 PRODUCTS 06 PETROLEUM ACTIVITIES 07 TRADING

More information

Downstream & Chemicals

Downstream & Chemicals Downstream & Chemicals Pierre Breber Executive Vice President 017 Chevron Corporation Downstream portfolio Fuels refining & marketing Integrated value chains Lubricants & additives Globally positioned

More information

Press release on the business development of the MAHLE Group in 2013

Press release on the business development of the MAHLE Group in 2013 Press release on the business development of the MAHLE Group in 2013 Stuttgart, April 17, 2014 2013 business year dominated by the ongoing strategic development of the product portfolio Sales Total sales

More information

The Petrochemical Industry From Middle Eastern Perspective?

The Petrochemical Industry From Middle Eastern Perspective? The Petrochemical Industry From Middle Eastern Perspective? Hydrocarbon Journey in Kuwait 1946 ENTERING CRUDE EXPORT MARKET 1949 FIRST REFINERY COMMISSIONED 1938 1 st COMMERCIAL OIL DISCOVERY 1963 AMMONIA

More information

Q revenue up +2.3% at constant exchange rates

Q revenue up +2.3% at constant exchange rates Q4 2017 revenue up +2.3% at constant 2017 : A difficult year overall o Slowing sales momentum in 2017: +1.6% LFL in the full year vs +3.0% in 2016 o Recurring operating income expected at around 2.00bn

More information

Annual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG)

Annual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG) Annual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG) 30 September, 2014 Question 1: As disclosed in Note 59 of the Annual Report, the Automotive Segment recorded revenue

More information

Business Opportunities downstream. Hellenic Petroleum s perspective

Business Opportunities downstream. Hellenic Petroleum s perspective Business Opportunities downstream Hellenic Petroleum s perspective 9 th SE Europe Energy Dialogue Thessaloniki, Greece 29-30 June 2016 Daniil Antonopoulos Thessaloniki Refinery Operations Manager Hellenic

More information

BENCHMARK SURVEY 2013

BENCHMARK SURVEY 2013 AUSTRALIAN CAR WASH INDUSTRY BENCHMARK SURVEY 2013 This survey was undertaken in response to many requests for information about the car wash industry in Australia both the current position and the trends

More information

DETERMINATION OF MERGER NOTIFICATION M/14/013 -

DETERMINATION OF MERGER NOTIFICATION M/14/013 - DETERMINATION OF MERGER NOTIFICATION M/14/013 - Radius / DCI / NCS Section 21 of the Competition Act 2002 Proposed acquisition by Radius Payment Solutions Limited of sole control of Diesel Card Ireland

More information

Ultra Low Sulfur Diesel Update Tim Keaveney

Ultra Low Sulfur Diesel Update Tim Keaveney A Workshop on Reducing Emissions from Diesel Engines April 7, 2008 Doing More Ultra Low Sulfur Diesel Update Tim Keaveney An Company Agenda Introduction to Sprague ULSD supply update ULSD supply considerations

More information

Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer

Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer PRESS RELEASE 2018 results (1) March 14, 2019 Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer Revenue:

More information

For Immediate Release 31 August 2010

For Immediate Release 31 August 2010 For Immediate Release 31 August 2010 ChongQing Machinery & Electric Co.,Ltd. Announcement of 2010 Interim Results Profit attributable to the equity holders was RMB 345.7 million, representing an increase

More information

Fuel Focus. Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices. Issue 20, Volume 8

Fuel Focus. Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices. Issue 20, Volume 8 Fuel Focus Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices Issue 20, Volume 8 October 18, 2013 Copies of this publication may be obtained free of charge from: Natural Resources

More information

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP GROUP PRESENTATION Milan, March 27 th &28 th 2012 1 PARIS, March OCTOBER 27 & 28 2012 11th WORLD LEADER Sogefi is a world leader in the design and manufacturing of engine filtration, air intake and cooling

More information

April Título da apresentação DD.MM.AAAA

April Título da apresentação DD.MM.AAAA Aquisition of Shell Argentina downstream assets April 2018 Título da apresentação DD.MM.AAAA DISCLAIMER This presentation contains estimates and forward-looking statements regarding our strategy and opportunities

More information

Methodology. Supply. Demand

Methodology. Supply. Demand Methodology Supply Demand Tipping the Scale 1 Overview Latin America and the Caribbean, a major petroleum product importing region, provides an important counterbalance to surpluses in refined product

More information

The Rompetrol Group Refining Business Unit Looking into the future

The Rompetrol Group Refining Business Unit Looking into the future The Rompetrol Group Refining Business Unit Looking into the future Refining Business Unit: Looking into the future CONTENTS Refining Business Unit Role Rompetrol Rafinare Petromidia Petromidia Site Petromidia

More information

BMW Group posts record earnings for 2010

BMW Group posts record earnings for 2010 10.03.2011 BMW Group posts record earnings for 2010 Profit before tax rises to euro 4,836 million Profit before financial result climbs to euro 5,094 million Automobiles segment reports EBIT of euro 4,355

More information

GAZPROM NEFT TODAY FEBRUARY 2017

GAZPROM NEFT TODAY FEBRUARY 2017 GAZPROM NEFT TODAY FEBRUARY 2017 ABOUT GAZPROM NEFT KEY PERFORMANCE INDICATORS 2016 TITLE 1,514 mtoe proven hydrocarbon reserves (SPE(PRMS)) 86.2 mtoe of hydrocarbon production 41.89 mt refining volumes

More information

AN ECONOMIC ASSESSMENT OF THE INTERNATIONAL MARITIME ORGANIZATION SULPHUR REGULATIONS

AN ECONOMIC ASSESSMENT OF THE INTERNATIONAL MARITIME ORGANIZATION SULPHUR REGULATIONS Study No. 175 CANADIAN ENERGY RESEARCH INSTITUTE AN ECONOMIC ASSESSMENT OF THE INTERNATIONAL MARITIME ORGANIZATION SULPHUR REGULATIONS ON MARKETS FOR CANADIAN CRUDE OIL Canadian Energy Research Institute

More information

PT Astra International Tbk 2014 Third Quarter Financial Statements

PT Astra International Tbk 2014 Third Quarter Financial Statements To: Business Editor 30th October 2014 For immediate release PT Astra International Tbk 2014 Third Quarter Financial Statements The following announcement was issued today by the Company s 74%-owned subsidiary,

More information

The Group is expected to continue benefiting from stable coal prices, but in the car market, competitive pressures are likely to intensify.

The Group is expected to continue benefiting from stable coal prices, but in the car market, competitive pressures are likely to intensify. PRESS RELEASE 24th April 2018 PT ASTRA INTERNATIONAL TBK 2018 FIRST QUARTER FINANCIAL STATEMENTS Highlights Net earnings per share down 2 at 123 Lower market share for cars and motorcycles Higher coal

More information

Brief on the PCFV Used Vehicle Working Group. Partnership for Clean Fuels and Vehicles (PCFV)

Brief on the PCFV Used Vehicle Working Group. Partnership for Clean Fuels and Vehicles (PCFV) Brief on the PCFV Used Vehicle Working Group Partnership for Clean Fuels and Vehicles (PCFV) Henry Kamau Establishment of the Used Vehicles Working Group The Partnership for Clean Fuels and Vehicles (PCFV)

More information

Trinidad and Tobago Energy

Trinidad and Tobago Energy Trinidad and Tobago Energy Conference 2017 Advantages of Vertical Integration in a Low Oil Price Environment Astor Harris Vice President Refining and Marketing 2017 January 24 Market Fundamentals 1Q13

More information

REFORMATE Crude Condensate Naphtha Ethane Reformate

REFORMATE Crude Condensate Naphtha Ethane Reformate REFORMATE Crude The Crude Overview gives a summary of the daily price movements of the benchmark WTI (West Texas Intermediate) and Brent futures contracts on the NYMEX and IPE exchanges, detailing any

More information

Financial Statements Matti Lievonen, President & CEO 7 February 2017

Financial Statements Matti Lievonen, President & CEO 7 February 2017 Financial Statements 2016 Matti Lievonen, President & CEO Agenda 1 2 3 4 Year 2016 Financials 2016 Segment reviews Current topics 5 Appendix 2 Disclaimer The following information contains, or may be deemed

More information

General Announcement::Astra's 2018 First Half Financial Statements http://infopub.sgx.com/apps?a=cow_corpannouncement_content&b=announcem... Page 1 of 1 26/7/2018 General Announcement::Astra's 2018 First

More information

Corporate Communications. Media Information 2 August Check against delivery - Ladies and Gentlemen,

Corporate Communications. Media Information 2 August Check against delivery - Ladies and Gentlemen, Media Information - Check against delivery - Statement Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance Conference Call Interim Report to 30 June 2018, 10:00 a.m. CEDT Ladies and

More information

Eco-Fact PETROTEL-LUKOIL. Deputy General Manager Dan Danulescu

Eco-Fact PETROTEL-LUKOIL. Deputy General Manager Dan Danulescu Eco-Fact PETROTEL-LUKOIL Deputy General Manager Dan Danulescu 24.11.2010 2 OVERVIEW OF LUKOIL by FACTS To get AN OVERVIEW OF LUKOIL COMPANY, (our Refinery, S.C.PETROTEL-LUKOIL S.A., belongs to), we can

More information

Corporate Communications. Media Information 15 March 2011

Corporate Communications. Media Information 15 March 2011 15 March 2011 BMW Group aims to further increase earnings in 2011 EBIT margin of over 8% expected in Automobiles segment Sales volume of well in excess of 1.5 million vehicles targeted Margin of 8% to

More information

OPEC PRIMARY ENERGY CONSUMPTION IN 2005 (1)

OPEC PRIMARY ENERGY CONSUMPTION IN 2005 (1) CHAPTER 4 I n 1384, political tensions in the Middle East and some oil-producing countries, sabotage in Iraq s oil industry and speculation in the market raised oil prices incrementally. As of the beginning

More information

Review of Operations in FY2012

Review of Operations in FY2012 Sales Segment Profit and Ratio Sales by Region for the Fiscal Year ended March 31, 2013 (To Outside Customers) 41 With respect to construction equipment, while demand increased in North America and Japan

More information

Volkswagen s strategic realignment is delivering

Volkswagen s strategic realignment is delivering November 30, 2017 Volkswagen s strategic realignment is delivering Brand gives positive interim assessment after one year of TRANSFORM 2025+ Successful start to largest model offensive in the history of

More information

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY

A summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY THE U.S. Energy DATABOOK A summary of national and global energy indicators JULY 1, 17 FEDERAL RESERVE BANK of KANSAS CITY SUMMARY OF CURRENT ENERGY CONDITIONS The number of total active drilling rigs

More information

COMMERCIALISATION OF UGANDA S OIL AND GAS SECTOR: REFINERY AND ATTENDANT INFRASTRUCTURE DEVELOPMENT

COMMERCIALISATION OF UGANDA S OIL AND GAS SECTOR: REFINERY AND ATTENDANT INFRASTRUCTURE DEVELOPMENT MINISTRY OF ENERGY AND MINERAL DEVELOPMENT COMMERCIALISATION OF UGANDA S OIL AND GAS SECTOR: REFINERY AND ATTENDANT INFRASTRUCTURE DEVELOPMENT Dr. Stephen Robert Isabalija PERMANENT SECRETARY 13 th -15

More information

The ITAKA project on aviation biofuels. Inmaculada Gómez

The ITAKA project on aviation biofuels. Inmaculada Gómez The ITAKA project on aviation biofuels Inmaculada Gómez 1 Background ITAKA is a collaborative project framed in the implementation of GLOBAL, EU and NATIONAL policies: 2009: 1 st International Conference

More information

Corporate Communications. Media Information 7 November Check against delivery - Ladies and Gentlemen,

Corporate Communications. Media Information 7 November Check against delivery - Ladies and Gentlemen, Media Information - Check against delivery - Statement Dr. Nicolas Peter Member of the Board of Management of BMW AG, Finance Conference Call Interim Report to 30 September 2017, 10:00 a.m. CET Good morning

More information

Investor Presentation June, 2014

Investor Presentation June, 2014 Investor Presentation June, 2014 Bob Espey (CEO) and Mike Lambert (CFO) Investor Relations tom.mcmillan@parkland.ca 800-662-7177 ext. 2533 Forward Looking Statements Certain information included herein

More information

BMW Group Corporate Communications

BMW Group Corporate Communications 14 March 2007 BMW Group to continue its successful course in 2007 Best year in company s history expected in operating terms Sales volume expected to rise to new record level Munich. The BMW Group plans

More information

New Ultra Low Sulfur Diesel fuel and new engines and vehicles with advanced emissions control systems offer significant air quality improvement.

New Ultra Low Sulfur Diesel fuel and new engines and vehicles with advanced emissions control systems offer significant air quality improvement. New Ultra Low Sulfur Diesel fuel and new engines and vehicles with advanced emissions control systems offer significant air quality improvement. The U.S. Environmental Protection Agency (EPA) has issued

More information

Reasons for Decision

Reasons for Decision COMPETITION TRIBUNAL REPUBLIC OF SOUTH AFRICA Case No: 79/LM/Dec03 In the large merger between: Barloworld Motor (Pty) Ltd and Avis Southern Africa Limited Reasons for Decision APPROVAL On 3 March 2004

More information

NATIONAL REPORT: SPAIN. At 31/12/2015

NATIONAL REPORT: SPAIN. At 31/12/2015 NATIONAL REPORT: SPAIN At 31/12/2015 Network length Spain is the European country with the longer high capacity road network, reaching 16,705 km. Nevertheless, only 3,404 km out of the total are toll motorways

More information

Examining the cost burden imposed on European refining by EU legislation

Examining the cost burden imposed on European refining by EU legislation ENVIRONMENTAL SCIENCE FOR THE EUROPEAN REFINING INDUSTRY Examining the cost burden imposed on European refining by EU legislation Platts European Middle Distillates Conference Antwerp, Belgium Alan Reid

More information

Group Results 6 months ended 30th June. Net revenue 88,208 92,505 (5) Net income* 7,116 8,052 (12) Net earnings per share (12)

Group Results 6 months ended 30th June. Net revenue 88,208 92,505 (5) Net income* 7,116 8,052 (12) Net earnings per share (12) Page1 28th July 2016 PT ASTRA INTERNATIONAL TBK 2016 FIRST HALF FINANCIAL STATEMENTS PRESS RELEASE Highlights Net earnings per share down 12% at 176 Car unit sales up 4% and motorcycle unit sales up 1%

More information

2003 fourth quarter and full-year results

2003 fourth quarter and full-year results Dinesh Paliwal Member of Group Executive Committee, Head of Automation Technologies Division 2003 fourth quarter and full-year results Automation Technologies Copyright 2003 ABB. All rights reserved. -

More information

The oil fields in the NCS are located in the North Sea, Norwegian Sea, and Barents Sea.

The oil fields in the NCS are located in the North Sea, Norwegian Sea, and Barents Sea. A.2 Norway Volumes of Associated Gas Flared on Norwegian Continental Shelf Norway is a major oil producer, and its oil fields are located offshore in the Norwegian Continental Shelf (NCS). 81 In 2002,

More information

Focus on Refinery Product Flows

Focus on Refinery Product Flows December 14, 2016 Focus on Refinery Product Flows Stratas Advisors Gasoline Imports in 2014 CIS and the Middle East are the largest gasoline exporters to Asia. While China and India do not import gasoline

More information

2010 Interim Results Presentation. August 23, 2010 Hong Kong

2010 Interim Results Presentation. August 23, 2010 Hong Kong Sinopec Corp. 21 Interim Results Presentation August 23, 21 Hong Kong Disclaimer i This presentation and the presentation materials distributed herein include forwardlooking statements. All statements,

More information

Focus on value creation

Focus on value creation Focus on value creation Matti Lievonen President & CEO Capital Markets Day 2011 21 September 2011 Results and outlook EBITDA shows our ability to generate cash flow Comparable EBITDA has been over EUR

More information

RESULTS FOR Q ANALYST TELECONFERENCE

RESULTS FOR Q ANALYST TELECONFERENCE RESULTS FOR Q4 216 ANALYST TELECONFERENCE Market 1 2 Operation Financials 3 Market 1 216 Fourth Quarter Market Conditions Product Market Crude Oil Postponed Maintenances Started to take place High Agricultural

More information

PT Astra International Tbk 2011 Full Year Financial Statements

PT Astra International Tbk 2011 Full Year Financial Statements To: Business Editor For immediate release PT Astra International Tbk 2011 Full Year Financial Statements The following announcement was issued today by the Company s 71%-owned subsidiary, Jardine Cycle

More information

The fact that SkyToll is able to deliver quality results has been proven by its successful projects.

The fact that SkyToll is able to deliver quality results has been proven by its successful projects. www.skytoll.com At present, an efficient and well-functioning transport sector and the quality of transport infrastructure itself are a prerequisite for the further growth of the economy and ensure the

More information

GASOLINE TAX INFORMATION BULLETIN

GASOLINE TAX INFORMATION BULLETIN DEPARTMENT OF FINANCE TAX ADMINISTRATION DIVISION Bulletin No. RAA-GAS-002 Issue Date: May 5, 2017 GASOLINE TAX INFORMATION BULLETIN The Revenue Administration Act (RAA) imposes a tax upon gasoline consumed

More information

Eni Slurry Technology:

Eni Slurry Technology: Eni Slurry Technology: An opportunity for refinery/petrochemical industry integration G. Rispoli Platts 2nd Annual European Petrochemicals Conference Dusseldorf, Germany (March 11-12, 2015) 1 2 EST: the

More information

Refineries, Product Market and Capacity Expansion Opportunities and Outlook in India- 2018

Refineries, Product Market and Capacity Expansion Opportunities and Outlook in India- 2018 Refineries, Product Market and Capacity Expansion Opportunities and Outlook in India- 2018 Examining the market expansion trends for petrochemical industry in India and the scope of business E-REP Market

More information

SAUDI ARAMCO AND TOTAL AWARD EPC CONTRACTS FOR JUBAIL. DHAHRAN, SAUDI ARABIA AND PARIS, FRANCE (June 18, 2009) Saudi

SAUDI ARAMCO AND TOTAL AWARD EPC CONTRACTS FOR JUBAIL. DHAHRAN, SAUDI ARABIA AND PARIS, FRANCE (June 18, 2009) Saudi SAUDI ARAMCO AND TOTAL AWARD EPC CONTRACTS FOR JUBAIL EXPORT REFINERY DHAHRAN, SAUDI ARABIA AND PARIS, FRANCE (June 18, 2009) Saudi Aramco Total Refining and Petrochemical Company (SATORP) finalized the

More information

PT Astra International Tbk 2012 Half Year Financial Statements

PT Astra International Tbk 2012 Half Year Financial Statements To: Business Editor For immediate release PT Astra International Tbk 2012 Half Year Financial Statements The following announcement was issued today by the Company s 72%-owned subsidiary, Jardine Cycle

More information

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom

ADP!AALTO FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019. Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom DISRUPTION ADP!AALTO PARTNERS FULL SPEED AHEAD! A presentation to the CEO of Harley Davidson 1/10/2019 Matti Karjalainen Patrick Timmer Lauri Hanninen Tommi Bergstrom Executive Summary How to Maintain

More information

ASEAN became Korea s second largest trading partner under FTA

ASEAN became Korea s second largest trading partner under FTA 11:00 AM KST, May. 31 ASEAN became Korea s second largest trading partner under FTA The Ministry of Trade, Industry and Energy announced on May 31 that in a decade since the Korea-Association of Southeast

More information

Company Profile Confidence in Our Own Abilities

Company Profile Confidence in Our Own Abilities Company Facts Consolidated key performances indicators Official name: Established on: Shareholder: Executive Directors: Consolidated gross turnover Staatsolie Maatschappij Suriname N.V. 13 December 1980

More information

Canada s Refining Industry Sector Performance Report

Canada s Refining Industry Sector Performance Report Canada s Refining Industry 217 Sector Performance Report The Canadian Fuels Association represents the industry that produces, distributes and markets petroleum products in Canada including 95 percent

More information

Third Quarter 2017 Performance and Business Update. October 26, 2017

Third Quarter 2017 Performance and Business Update. October 26, 2017 Third Quarter 2017 Performance and Business Update October 26, 2017 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing

More information

Stationary Energy Storage Solutions 3. Stationary Energy Storage Solutions

Stationary Energy Storage Solutions 3. Stationary Energy Storage Solutions Stationary Energy Storage Solutions 3 Stationary Energy Storage Solutions 2 Stationary Energy Storage Solutions Stationary Storage: Key element of the future energy system Worldwide growing energy demand,

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

Refining in the Iberian Peninsula- Challenges and Opportunities

Refining in the Iberian Peninsula- Challenges and Opportunities Refining in the Iberian Peninsula- Challenges and Opportunities Oil Conference by Diário Económico & Apetro ALVARO MAZARRASA 27 th May, 2013,Lisbon 1 AOP: THE SPANISH OIL DOWNSTREAM INDUSTRY ASSOCIATION

More information

Mini refinery feasibility study

Mini refinery feasibility study Mini refinery feasibility study Introduction The first part of any study into a mini-refinery application is an initial assessment of its economic feasibility. This requires an understanding of what a

More information

BIODIESEL CHAINS. Biofuels in Poland

BIODIESEL CHAINS. Biofuels in Poland BIODIESEL CHAINS Nicosia, 18th January 2007 Biofuels in Poland Oskar Mikucki KAPE 2007-08-29 The Polish National Energy Conservation Agency 1 Development of biofuels market Development of biofuels in Poland

More information

DOWNSTREAM PETROLEUM 2017 DOWNSTREAM PETROLEUM

DOWNSTREAM PETROLEUM 2017 DOWNSTREAM PETROLEUM DOWNSTREAM PETROLEUM Economic Contribution of the Industry KEY MESSAGES Australian refineries have been very long standing participants in the local market as the major transport fuel suppliers, with all

More information

National Agency for Energy Regulation

National Agency for Energy Regulation National Agency for Energy Regulation Legislation in Energy Sector Institutional Capacity of Energy Sector Wholesale and Retail Market Development Third Party Access to Network Viability and Security of

More information

PROJECTS. Petróleos de Moçambique, S.A. Maputo, 2012

PROJECTS. Petróleos de Moçambique, S.A. Maputo, 2012 PROJECTS Petróleos de Moçambique, S.A. Maputo, 2012 MOZAMBIQUE IN ÁFRICA The geographical position of Mozambique and particularly of its ports, rail and roads infrastructure has made it a main logistic

More information

2017 Rp bn. Net revenue 150, , Net income* 14,184 11, Net earnings per share As at 30th September 2017 Rp bn

2017 Rp bn. Net revenue 150, , Net income* 14,184 11, Net earnings per share As at 30th September 2017 Rp bn 31st October 2017 PT ASTRA INTERNATIONAL TBK 2017 THIRD QUARTER FINANCIAL STATEMENTS PRESS RELEASE Highlights Net earnings per share up 26 at 350 Increased market share for both cars and motorcycles Positive

More information

EST technology: an advanced way to upgrade the bottom of the barrel G. Rispoli

EST technology: an advanced way to upgrade the bottom of the barrel G. Rispoli EST technology: an advanced way to upgrade the bottom of the barrel G. Rispoli OMC 2015 WORKSHOP: ADVANCED PROVEN TECHNOLOGIES INCREASE PRODUCTIVITY QUALITY, SAFETY AND SECURITY Ravenna, 26th March 2015

More information

Valeo reports 14% growth in consolidated sales for third quarter 2011

Valeo reports 14% growth in consolidated sales for third quarter 2011 24.11 Valeo reports 14 growth in consolidated sales for third quarter 2011 Third quarter 2011-14 growth in consolidated sales (12 on a like-for-like basis 1 ) to 2,662 million euros - 17 growth in original

More information

Voith Group On a good footing for future growth

Voith Group On a good footing for future growth Voith Group On a good footing for future growth Stuttgart, December 7, 2017 Annual press conference Stuttgart December 7, 2017 Public 1 Contents 1. Where we now stand 1.1 Highlights in the 2016/17 fiscal

More information

Residual Fuel Market Issues

Residual Fuel Market Issues Residual Fuel Market Issues 26 February 2009 Kurt Barrow Crude Oil Quality Group Meeting Long Beach, CA Agenda Trends In Residue Demand IMO Bunker Regulations Implications for Shipping and Refining Industry

More information

DEFENSE LOGISTICS AGENCY AMERICA S COMBAT SUPPORT LOGISTICS AGENCY

DEFENSE LOGISTICS AGENCY AMERICA S COMBAT SUPPORT LOGISTICS AGENCY DEFENSE LOGISTICS AGENCY AMERICA S COMBAT SUPPORT LOGISTICS AGENCY WARFIGHTER FOCUSED, GLOBALLY RESPONSIVE SUPPLY CHAIN LEADERSHIP DLA Energy Supply-Chaining Alternative Aviation Fuels Within the DoD Frank

More information

WÄRTSILÄ CORPORATION SEB FINNISH BLUE CHIP SEMINAR 28 AUGUST Marco Wirén, CFO. Wärtsilä

WÄRTSILÄ CORPORATION SEB FINNISH BLUE CHIP SEMINAR 28 AUGUST Marco Wirén, CFO. Wärtsilä WÄRTSILÄ CORPORATION SEB FINNISH BLUE CHIP SEMINAR 28 AUGUST 2015 Marco Wirén, CFO 1 This is Wärtsilä Energy Solutions, 23% Marine Solutions, 30% Services, 47% 2 Net sales and profitability MEUR 6000 14%

More information

IGE Business Model Presentation. FOYSON RESOURCES LIMITED EXTRAORDINARY GENERAL MEETING 31 st March 2015

IGE Business Model Presentation. FOYSON RESOURCES LIMITED EXTRAORDINARY GENERAL MEETING 31 st March 2015 IGE Business Model Presentation FOYSON RESOURCES LIMITED EXTRAORDINARY GENERAL MEETING 31 st March 2015 The IGE Project Overview Development Status Australian Feedstock Supply IGE Solution IGE Technology

More information

The Transition to Low Sulfur Bunker Fuel

The Transition to Low Sulfur Bunker Fuel 2016: 5th Opportunity Crudes Conference The Transition to Low Sulfur Bunker Fuel NA Crude Oil Summit April 10-11, 2017 Houston, Texas John Mayes Director of Special Studies Turner, Mason & Company 2020

More information

20 th World Petroleum Congress

20 th World Petroleum Congress 20 th World Petroleum Congress Industry solutions for downstream challenges David Constable - Sasol Limited 1 Contents Downstream challenges Introduction to Sasol Global trends and Sasol s response The

More information

Page 1 sur 5 17.03.2010 BMW Group plans sharp increase in group earnings Visible progress in 2010 towards profitability targets for 2012 Volume growth in solid single-digit percentage range targeted Munich.

More information