Search results “Sales purchase agreement lng”
LNG Hedging Case Study: Qatar-Pakistan SPA
Mini-Case Study from Capra Energy presenting the calculations and results for an example hedge of a cargo to be delivered under the pending LNG sale & purchase agreement (SPA) between Qatar and Pakistan.
Views: 2281 Capra Energy Group
Binding agreements signed for QCLNG stake sale and LNG supply
BG Group signs agreements with China National Offshore Oil Corporation to increase investment in the QCLNG project - 6 May 2013.
Views: 73 QGCInfo
Petronas MoU with S-Oilto Supply LNG For Production
Petronas LNG Limited PLL, a subsidiary of Petroliam Nasional Bhd has signed a sale and purchase agreement with S-Oil Corporation S-oil to supply Liquefied Natural Gas LNG for the later's new plant operations and as feedstock for its hydrogen production. In a statement, Petronas said under the agreement, PLL was committed to deliver up to 0.7 million tonnes per annum MTPA of LNG to S-Oil for 15 years, from 2018. Petronas LNG Marketing & Trading Vice-President, Ahmad Adly Alias said, the agreement was a testament to Petronas’ focus on building long term relationships with committed partners. And they look forward to creating additional value with S-Oil to ensure that they can deliver the most value-comprehensive solution. Backed by over 30 years of LNG experience, Petronas has been recognised as a reliable and flexible lng supplier, operating from its main supply base in Bintulu, Sarawak. It has also diversified the lng supply portfolio in recent years with the inclusion of Australia Gladstone lng and the world’s first floating LNG facility in offshore Sarawak. S-Oil is an oil refining company headquartered in Seoul, South Korea.
Views: 55 ntv7 news
Oommen Chandy signed an agreement on sales & purchase
KERALA CHIEF MINISTER OOMMEN CHANDY - OFFICIAL YOUTUBE CHANNEL Thiruvananthapuram 27-05-2013: Petronet LNG ltd (PLL) & HLL Life care Ltd (HLL) has signed a LNG sales and purchase agreement (LNG SPA) today for supply of 8 metric tons of LNG per day for a period of 5 years initially. Dr A K Balyan MD& CEO PLL and Shri Ayappan CMD HLL signed the LNG SPA in presence of Kerala Chiefminister OommenChandy, Minister Aryadan Muhammad, Chief Secretary and other dignitaries. The agreement is for PLL to supply LNG by road tankers with trade name 'Taral Gas' from its 5 MMTPA LNG terminal at Kochi to HLL plant at Trivandrum from Jan 2014. PLL currently operates a 10 MMTPA terminal at Dahej, Gujarat. PLL's second LNG terminal at Kochi is getting commissioned by July 2013 for supplies of re-gassifed LNG (RLNG) through pipelines. However supply of LNG in liquid form directly to customers is alternate modes that will help customers get LNG quicker with several other benefits. The LNG SPA signed is the first of its kind in Kerala the state in which the new LNG terminal of PLL is getting commissioned shortly. HLL is the first organisation in Kerala to avail of the benefits of LNG direct supplies and is the first direct customer of PLL in Kerala. This is a major initiative of PLL as it confirms PLL s foray into sale of LNG by road to customers in Kerala who are not presently on the pipeline route. With uncertainties and issues in pipelines, what assumes significance for the State of Kerala is that this mode establishes a faster and easier availability of LNG to areas not connected by pipelines immediately and is expected to pave way for more equitable distribution of gas in the State and beyond, quicker than expected
Views: 172 Oommen Chandy
ExxonMobil PNG-LNG group signs sale agreement with PetroChina
ExxonMobil PNG-LNG group signs sale agreement with PetroChina The ExxonMobil Corp.-led PNG-LNG joint venture in Papua New Guinea has signed a midterm LNG sale and purchase agreement with PetroChina International (Hong Kong) Corp. Ltd. for the supply of LNG from the Southern Highlands project beginning this month. The midterm agreement is for the supply of about 450,000 tonnes/year of LNG over a 3-year period. The agreement takes the total contracted volumes from the PNG-LNG project to 7 million tpy. Some 6.6 million tpy is already committed under long-term... ----------------------- Don't Forget Subscribe: https://www.youtube.com/channel/UC-_9iyNBTfRgZ_iCfGRjZow?sub_confirmation=1
Views: 1 HK News
What Is A Master Sale Agreement?
Customer initials ______ provider ______this master services agreement ( msa ) is by. Wikipedia wiki master_service_agreement url? Q webcache. Master mortgage loan purchase and sale agreement sec. B) master ticket sales and services agreement. Master ticket sales and services agreement honolulu box office. Master fuel purchase and sale agreement dpl inc master services (msa) training industry. Master service agreement wikipedia master wikipedia en. Master policy purchase & sale agreement institutional life markets master sales gtri's. This agreement is made this (date). References to this master agreement shall include its schedules. Googleusercontent search. This comprehensive contract establish a master agreement with respect to the purchase of goods and or services this is for all purchasing sales activities that are made ____ day ______, 2003 ( effective assembly sale motor vehicles vehicle components. This master sales agreement is a framework. Canada and other execution copy. Master service agreement wikipediamaster sales sec. And blank master sale agreement seaco_aug15. Master mortgage loan purchase and sale agreement. Tcs may sell, and customer purchase, hardware, systems, services or tcs master sale agreementselling party seaco srl, a company registered in barbados at chancery chambers. References to clauses shall be interpreted as references in this master and others develop model bilateral agreement, containing the essential terms governing forward purchases sales of wholesale electricity disclaimer power purchase sale agreement was prepared by a committee representatives edison electric institute ( eei ) national fuel is govern all transactions entered into between parties services (msa) contract that details responsibilities obligations two each other. Master sales and services agreement candoris. This master sales agreement 1. Master lng sale and purchase agreement trafigura. What is a master service agreement? Definition of services agreement what and meaning sales telecommunication systems inc. Information technology solutions (it solutions) (excluding globalsure managed services). Residential mortgage loans and home equity lines of credit administration primary objectives contract management binding sales agreements a master service agreement is contractual document that specifies msas typically state performance as level when you negotiate services with client or supplier, the process can take time culminate in spells out obligations requirements all definition consolidates two more separate but related between same counterparties one legal 1. Master agreement for the purchase of goods and services between master. House this master policy purchase and sale agreement is entered into by between warranties contained in agreement, for other good sales. Master
Views: 19 Green Help
What is FARMOUT AGREEMENT? What does FARMOUT AGREEMENT mean? FARMOUT AGREEMENT meaning - FARMOUT AGREEMENT definition - FARMOUT AGREEMENT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In the oil and gas industry, a farmout agreement is an agreement entered into by the owner of one or more mineral leases, called the "farmor", and another company who wishes to obtain a percentage of ownership of that lease or leases in exchange for providing services, called the "farmee." The typical services described in farmout agreements is the drilling of one or more oil and/or gas wells. A farmout agreement differs from a conventional transaction between two oil and gas lessees, because the primary consideration is the rendering of services, rather than the simple exchange of money. Farmout agreements typically provide that the farmor will assign the defined quantum of interest in the lease(s) to the farmee upon the farmee finishing: (1) the drilling of an oil and/or gas well to the defined depth or formation, or (2) drilling of an oil and/or gas well and the obtaining of commercially viable production levels. Farmout Agreements are the second most commonly negotiated agreements in the oil and gas industry, behind the oil and gas lease. For the farmor, the reasons for entering into a farmout agreement include obtaining production, sharing risk, and obtaining geological information. Farmees often enter into farmout agreements, because they wish to obtain an acreage position, need to utilize underutilized personnel, need to share risks, or because they desire to obtain geological information. A farmout agreement differs from its sister agreement, the Purchase and Sale Agreement (PSA), in that the PSA addresses an exchange of money or debt for immediate transfer of assets, whereas the farmout agreement addresses an exchange of services for a transfer of assets, and that transfer is often delayed until a later date (such as when the 'earning barier' has been met).
Views: 106 The Audiopedia
Purchase And Sale Agreement Explained
We work closely with most NNPC authorized sellers that have genuine product for sell and we also know the lifespan of their licenses. We have them on CIF, TTO, TTT, FOB, etc. We promise to link you to a reliable seller with a reasonable discount. Always focus on getting a genuine dealer if you want to hit it big in the Nigerian Crude Oil and Gas Industry. The solution is dealing with only APPROVED NNPC exporter licensed by NNPC Crude Oil Marketing Department.
Views: 455 Default Name
LNG Price & "Take or Pay" Contracts
LNG වල මේ අවස්ථාවේ මිළ දමලා අවුරුදු 20 ක සැලැස්මක් හදන්නේ කොහොමද? ඒවාගේ ඉදිරි උච්චාවචනය බලලා නෙවෙයි pucsl එක බොරුවට හරි සැලැස්ම වෙනස් කළේ. LNG Take or Pay කොන්ත්‍රාත්තු නිසා අපි ඒවා ගත්තත් නැතත් ගෙවන්න වෙනවා. එතකොට අපේ ජල විදුලි බලාගාර පවා නවත්වා LNG බලාගාර දුවන්න වෙනවා.
Views: 16 CEBEU
Baker Botts on contracting, pricing and trading : What LNG buyers want
In this exclusive interview with Jason Bennett, Partner, Deputy Department Chair, Global Projects Group at Baker Botts, we discuss the evolving dynamics of global gas pricing, the implications of new trading routes on contracts and what new LNG agreements look like. Join further discussions at: http://www.gastechnews.com/ Sign up for news at: http://www.gastechnews.com/newsletter-signup/ Attend Gastech 2017: http://www.gastechevent.com/
Views: 534 GastechEvent
TH MOE's Speech at 1st Gas Ceremony:PTT & Qatargas
Ceremony of The First Cargo Delivery to Map Ta Phut LNG Receiving Terminal on 8th January, 2015 Under The Long Term LNG Sale and Purchase Agreement between PTT PLC and Qatar Liquified Co.,Ltd.
Natural Gas: Take or Pay Contracts
Energy Law Class-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 775 Matt Jones
PNG LNG signs mid-term offtake
PNG LNG signs mid-term offtake Close PNG LNG signs mid-term offtake PERTH (miningweekly.com) – The Papua New Guinea liquefied natural gas (PNG LNG) project partners have entered into a mid-term LNG sale and purchase agreement with Hong Kong-based PetroChina International Corporation. Under the agreement, the PNG LNG project will supply some 0.45-million tonnes of LNG a year over a three-year period, starting in July this year. The PetroChina offtake agreement took total contracted volumes from the project to 7-million tonnes ... ----------------------- Don't Forget Subscribe: https://www.youtube.com/channel/UC-_9iyNBTfRgZ_iCfGRjZow?sub_confirmation=1
Views: 4 HK News
Douglas Channel LNG LNG Terminal  Capacity, SPA Contracts, Const
Bharatbook.com announces a new report on "Douglas Channel LNG LNG Terminal- Capacity, SPA Contracts, Construction, Capex, Companies and Trade", The report provides complete information across the terminal value chain from source field to carriers to import/export facilities.
Views: 19 Energy3b
Negotiating gas and LNG contracts – Top tips from Baker Botts
Gastech News had the pleasure to interview Jason Bennett, Partner, Deputy Department Chair, Global Projects Group at Baker Botts. We discussed how to negotiate successful gas and LNG contracts and what the main trends around flexibility in contracts are. Watch the video to find out his views. Sign up for news at: http://www.gastechnews.com/newsletter-signup/ Attend Gastech: http://www.gastechsingapore.com/
Views: 1104 GastechEvent
GAIL set to hike domestic price of LNG
In an attempt to force local consumers such as power projects and fertilizer plants to finalize their purchase plans, state-owned gas supplier GAIL (India) Ltdis set to increase the domestic price of liquefied natural gas (LNG) by 10 cents per unit. Of the total 5.8 million tonnes (mt) of LNG it contracted with US suppliers, GAIL has found Indian buyers for only 2.5 mt.
Views: 78 Mint
Yemenis angered by LNG contract with France
A group of youth revolutionaries, lawyers and rights activist have rallied in the Yemeni capital Sana'a condemning the purchase of Yemeni Liquefied Natural Gas by France way below the international price market. The protesters slammed the French company, TOTAL for depriving Yemen of full and fair compensation for its L-N-G sales. Yemeni protesters called for an immediate end to the L-N-G contract between their country and TOTAL. For the past 19 years the French giant has been purchasing L-N-G for 3 dollars per million BTU. Reports say that's 11 dollars less than the average international market price of L-N-G sales. According to a deputy of Yemen's Ministry of Oil and Minerals, the state treasury receives 300 million dollars per year in L-N-G revenues; however, if gas was being sold at global prices, Yemen would have earned one billion dollars per year. According to Yemen's Oil Ministry, the controversial contract with France was inked in 1995 during the rule of former dictator Ali Abdullah Saleh. Based on the agreement Yemen agreed to sell gas to the European country for 20 years. What remains to be seen is what the post-Saleh government will do to make up the financial loss Yemen endured over the past years.
Views: 213 PressTV Videos
Oil & Gas Production Contracts by Anthony Jennings
JENNINGS STRIKES OIL HERE! An appreciation by Phillip Taylor MBE and Mrs Elizabeth Taylor of Richmond Green Chambers Looking for a legal text on oil and gas production contracts? One that is authoritative, detailed, international and precisely targeted to this particularly specialized area of law? You are? Well this is the book for you. Yes, Anthony Jennings and his team give some definitive and practical legal advice on oil and gas production contracts, applicable in all jurisdictions worldwide. Oil and Gas Production Contracts is not, we are sure you will note, to be confused with Oil and Gas Exploration Contracts; different specialist area -- different book. Actually, the first is a sequel to the second -- both by the same author -- and if you have client companies in the oil business, you will ultimately need both. Certainly, there can be great lengthy periods of lead time between oil or gas exploration (looking for it) and production (extracting it and marketing it once youve found it). But once your client company really has stuck oil, this book emerges with flags flying as an invaluable advisor and practical guide to all contractual matters pertaining to the production process. Author Anthony Jennings knows whereof he speaks. As head of a specialist team of contributors to this text, (from Denton Wilde Sapte, McGrigors, Norton Rose, CMS Cameron McKenna and Chevron) he is a former senior legal adviser at ChevronTexacoa member of the United Kingdom Energy Lawyers Groupand author and contributor to a number of books and publications on oil and gas, including Natural Gas Agreements. As he explains, this book completes the suite of agreements encountered in the upstream oil and gas industry. The different kinds of agreements that emerge at successive stages of oil production are dealt with, including: • The license or production sharing agreement that emanates from the client companys relationship with the host government •The agreements between the joint venture companies themselves •Agreements between those companies and their third party service providers, as well as their agreements with other joint ventures •Oil and gas sale and purchase contracts •And finally, agreements for acquiring or disposing of producing assets or license interests. The nature and the purpose and the terms of all these agreements are examined, including what they should provide for and how they should provide for it. Intended to be read as a coherent whole, the book can certainly be used subsequently as a reference tool. It does what the title on the cover indicates. It provides a detailed understanding of all the common production phase contracts in which each clause is systematically analyzed. Valuable insights are offered into the nature, purpose and consequences of each contract, together with a renewed awareness of the common pitfalls of each. While it is not within the scope of the book to go into individual detail about specific Government regulations and so forth -- except illustratively -- its focus on the common features of production contracts worldwide make it a valuable addition to the energy lawyers library virtually anywhere within todays global economy so Jennings certainly strikes oil here! ISBN: 978-1847037503 YouTube: http://www.youtube.com/watch?v=Bh882JzC5ks
Views: 3109 goodbyee007
Power purchase agreement
Power purchase agreements are the contracts that enable businesses generating their own electricity to sell the electricity they produce and the associated renewable energy certificates. This. A power purchase agreement is a contract between two parties, one who generates electricity for the purpose and one who is looking to purchase electricity. The PPA defines all of the commercial. What is a PPA? This module explains the basic concepts - the participants and their roles and responsibilities - behind a solar Power Purchase Agreement.
Views: 24 Alfred Greenbaum
Solo Oil boss hails gas sales deal in Tanzania as a “major milestone”
Aminex (LON:AEX) told investors today that its long-awaited gas sales agreement for the Kiliwani North gas field has been signed. Solo Oil (LON:SOLO) has a more than 6% stake in the venture and Proactive spoke to Neil Ritson, Solo’s chairman, following the announcement. He said the parties had been waiting for the Tanzanian market to develop the pipeline and put infrastructure and gas processing in place for “some time”. The deal means gas production and first revenues from Tanzania for both Solo and Aminex.
ANDRIUS SUTNIKAS - „The LNG value chain - creating a sustainable business model" [EN]
Can Clean & Safe Baltic Shipping Make Money was one of ten workshops that took place at the 4th Annual Forum of the EU Strategy for the Baltic Sea Region (11November 2013 Vilnius, Lithuania.) A large part of the maritime sector in the Baltic Sea region is having difficulties. New environmental regulation on sulphur emissions will force ship-owners either to invest in new technology or to purchase more expensive low-sulphur fuel. If not handled correctly, this may lead to a so-called modal backshift replacing shipping with more trucks on our already congested roads and the loss of ferry routes across our region. At the same time, the Baltic is a shallow, semi-closed sea with brackish waters and a major chemical or oil spill could have enormous impact. It's easy to agree, that the region need clean, safe and high-quality shipping, but how to ensure that the business is sufficient profitable for the maritime sector to enable such development? What can the EU and the Member States do to support? ORGANISED BY: PAC Ship & Safe represented by the Danish Maritime Authority Andrius Sutnikas, Martech LNG
Views: 330 WEBseminarai .lt
What is MATERIAL ADVERSE CHANGE? What does MATERIAL ADVERSE CHANGE mean? MATERIAL ADVERSE CHANGE meaning -MATERIAL ADVERSE CHANGE definition - MATERIAL ADVERSE CHANGE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A material adverse change (also called a MAC) - also formulated as an Material adverse event or Material adverse effect (either, a MAE) - contingency is a legal provision often found in mergers and acquisitions contracts and venture financing agreements that enables the acquirer (or funder) to refuse to complete the acquisition or merger or financing with the party being acquired (often termed, the "target") if the target suffers such a change. The rationale for such a clause is a means to protect the acquirer from major changes that make the target less attractive as a purchase. Large transactions often require a long period of time between actual agreement and the completion of the transaction (the "closing"). This time is used to obtain governmental or regulatory approvals (e.g., in the United States, Hart-Scott-Rodino Antitrust Improvements Act approval), to obtain shareholder or labor consents, and any other required third-party consents. During this period, the target continues to function pending the completion of the merger, and is subject to the normal risks of its business, the economy or acts beyond its control. Each merger agreement that contains such a clause has a different definition of what, in its particular context, constitutes a material adverse change. Often this is one of the few or some times, the only way that an acquiring party can refuse to complete a contemplated acquisition. When the acquiring party cites the occurrence of a material adverse change to refuse to complete a merger or acquisition, litigation may ensue. One notable occurrence is the planned acquisition of SLM Corporation (formerly known as Sallie Mae) by a group including Bank of America and JPMorgan Chase. In the United States, much of this litigation occurs in the Delaware Court of Chancery as many large American companies are organized under Delaware law. According to the precedents of that court, an acquirer seeking to avoid completion of a transaction based upon a MAC provision bears the burden of proving that a material adverse change as defined by the parties' agreement has in fact occurred. It is also used in “Gas Sale and Purchase Agreements” and “LNG Sale and Purchase Agreements” and usually the party suffering from the effects of Material Adverse Change can apply for contract price revision.
Views: 107 The Audiopedia
Oman’s Nama appoints consortium of advisors
Privatisation Drive Oman’s state-owned electricity holding firm Nama Holding said that the company has appointed a consortium of advisors jointly led by London Economics and Lazard Freres for privatising its five subsidiary power distribution and transmission firms. Oman LNG Pact Oman LNG and BP Singapore have signed a major sales and purchase agreement (SPA) for supplying liquefied natural gas (LNG) to the latter. TrakInvest Plans TrakInvest management team was recently in Muscat to meet investors, strategic partners, and regulators and evaluating the prospects of setting up operations in Oman. Coal Mining Jobs Nearly two-thirds of US coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. NAFTA Talks The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration's saber-rattling. Website: http://timesofoman.com Facebook: http://facebook.com/timesofoman Twitter: http://twitter.com/timesofoman
Views: 73 Times of Oman
LNG-Buy BC Program: Connecting BC businesses with LNG opportunities
The liquefied natural gas industry is creating a once-in-a-lifetime chance to enable strong economic growth and provide employment opportunities for local companies throughout British Columbia. As Small Business Month has wrapped up, it's important to note that the LNG-Buy BC program has at its core a firm belief that the entrepreneurial spirit, skills and innovative abilities of BC businesses will lead to a high level of success regardless of where they enter the LNG supply chain. Learn more: https://news.gov.bc.ca/ministries/jobs-tourism-and-skills-training
Views: 231 ProvinceofBC
Cheniere Energy Offers 12% to 15% per Year as an Investment
What do I do? Full-time independent stock market analyst and researcher: https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Check the comparative stock list table on my Stock market research platform under curriculum preview! I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More about me and some written reports at the Sven Carlin blog: https://svencarlin.com Stock market for modern value investors Facebook Group: https://www.facebook.com/groups/modernvalueinvesting/ I analyze what is the value that Seth Klarman sees in Cheniere Energy (NYSE: LNG) and come to the conclusion that it is a good long term natural gas investment. When all the natural gas trains will be commissioned, Cheniere will have a distribution of around $7 per share which is a great return.
Nigeria's Gas Supply Purchase Agreement with John Ayodele
(www.abndigital.com) Electricity issues in Nigeria, fall under the spotlight once again, with the execution of a Gas Supply Purchase Agreement between Egbin generating Company and the NNPC. Its hoped that the agreement, will resolve power challenges. To discuss the agreement is John Ayodele, Executive Director of Operations of the Power Holding Company of Nigeria.
Views: 651 CNBCAfrica
NLNG to take FID on Train-7 by December 2018 – MD
NLNG to take FID on Train-7 by December 2018 – MD Barring any changes, the Nigeria Liquefied Natural Gas Limited (NLNG) Thursday said it would take the Final Investment Decision (FID) on its new eight million tonnes per annum (MTPA) LNG Train-7 plant by December this year. It also said the sale and purchase agreements (SPAs) for the new volumes had been locked down with off-takers since 2007, but that its terms would need to be concretised before the FID is achieved. The Managing Director of NLNG, Mr. Tony Attah, said on the sidelines of the co... --------------------- DONT FORGET SUBSCRIBE FOR ME : https://www.youtube.com/channel/UCAcsBcJd8seojLO_4wot0-w?sub_confirmation=1
Views: 8 Eco News
China LNG Group
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Views: 64 Why Invest In
Cheniere CEO on rebuilding LNG infrastructure
Jack Fusco, Cheniere Energy CEO, discusses the future for American energy infrastructure.
Views: 70 CNBC Television
FACT to get LNG from GAIL
FACT to get LNG from GAIL
Views: 177 MediaOne News
Insurance market contribution put at 1.63% of GDP
Oman's Insurance Market The audited financial statements for 2017 suggest the insurance sector contributed 1.63 per cent of gross domestic product (GDP). OTI Signs Pact Oman Trading International Limited (OTI), has signed a 10-year sales and purchase agreement with Petrobangla, a government-owned national oil company of Bangladesh — to supply liquefied natural gas (LNG) to Bangladesh. Shell Agreement Shell Gas & Power Developments (Shell) has signed a Memorandum of Understanding (MoU) with the Government of Oman to cover proposed energy development projects in Oman. Boulevard Tower Boulevard Tower, one of Oman’s upcoming premier real estate projects, has reported strong progress in construction with 75 per cent of structural works now complete. Customer Interface Screens Shell Oman has recently signed an agreement to expand its Customer Interface Screens (CIS) project across its network of service stations. Website: http://timesofoman.com Facebook: http://facebook.com/timesofoman Twitter: http://twitter.com/timesofoman
Views: 45 Times of Oman
Universal Bioenergy Signs Major Contract with Global Energy Group, Projects Sales of $100 Million
Global Energy Group Moves Forward to Expand and Capitalize on its Investment Irvine, CA, United States, via eTeligis Inc., 05/13/2014 - - Universal Bioenergy Inc. (OTC Pink: UBRG) (PINKSHEETS: UBRG), a publicly traded independent diversified energy company, that markets and distributes natural gas and petroleum, announced that it signed a major contract in a joint venture with Global Energy Group LLC to begin the physical and financial trading of natural gas, electricity, petroleum and related energy commodities. The transaction was approved by the Company's Board of Directors and reported to the SEC on Form 8-K. Universal Bioenergy is forecasting that an estimated $100 million in annual revenues could be generated through the joint venture from the financial trading from the energy contracts. The estimated profits from the joint venture are in the 2% to 20% range, or an estimated $2 to $20 million annually. Universal Bioenergy entered into an Acquisition, Marketing and Distribution Agreement with Global Energy Group LLC. The Agreement is for the parties to engage in a venture whereby GEG will use its energy order fulfillment platform to engage in the physical and financial trading of natural gas, electricity, petroleum and related energy commodities. Global Energy Group LLC, the company's major shareholder, with offices in the United States and the United Kingdom, is a holding company whose primary business is the acquisition of strategic business assets, companies and investment or joint ventures in both private and public companies. In April 2013, Global Energy Group acquired a major stake in the Company and is now planning to expand and capitalize on its investment. The joint venture partners have positioned themselves to purchase and sell energy commodities in North America, Europe and the global energy markets. The parties plan to utilize highly experienced energy traders to engage in the physical and financial trading of natural gas, electricity, petroleum, diesel fuel and jet fuel. The venture partners plan to purchase and trade energy contracts on the spot and long-term market, and trade financial futures and power contracts to generate higher revenues, margins and earnings through Global Energy Group's Energy Platform. Universal's Senior Vice President Solomon Ali says, "We feel very excited about this new joint venture with Global Energy Group. We are fully prepared to capitalize on this opportunity. This gives us the right direction, at the right time and should help drive us to greater revenues and profitability. The potential earnings for the venture is estimated at $2 to $20 million annually. Although we cannot guarantee an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor's, at a multiple of 15 times earnings, a valuation of $30 to $300 million dollars is an estimate of the potential additional market value of the earnings to Universal. We feel this should be very beneficial to our shareholders." Universal Bioenergy is a high growth diversified energy company that is experiencing double-digit growth, and reported sales of over $60.22 million in its Annual Report for 2013. NDR Energy Group, a subsidiary of Universal Bioenergy, has purchase contracts for natural gas with 32 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customer in the United States. About Universal Bioenergy Inc. Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com For inquiries contact: Media Relations Solomon Ali 704-837-5705 SOURCE: Universal Bioenergy Inc.
Views: 4060 Eteligis.com
Oil & Gas Contract Negotiation with petroEDGE
petroEDGE's Gas & LNG Contract Negotiation, conducted by Dr Ian Williams and Jeremy Gillam, is a uniquely Asia-focused training course that immerses course participants in a dynamic negotiation process based entirely on real life Oil, Gas and LNG negotiating situations. This course provides expert training on typical Gas and LNG terms and conditions as is necessary to enable learners to engage in an informed manner in an actual negotiation and to understand the process involved. It relies extensively on concise and up-to-date descriptions of both logistical and quantitative elements of the modern Gas and LNG industry, including supply / demand and market pricing developments worldwide. Course materials are updated on an annual basis so it reflects real world macro-economic business conditions, and many elements of these conditions are included in advisory notes distributed throughout the negotiation exercise. Learners are given pre-course reading, which are essential to enable full role-play from day one of this intensive, enjoyable and proven successful course. For more information, visit us at www.petroedgeasia.net or email your query to [email protected]
Views: 2232 petroEDGE Asia
Pak Media On How Iran Taking Pakistan To International Court For 1.2 Billion Dollars 2018
In a new development, Iran has threatened to move the arbitration court against Pakistan for unilaterally shelving the IP gas line project invoking the penalty clause of the Gas Sales Purchase Agreement (GSPA). Pakistan and Iran signed the GSPA in 2009 under IP gas pipeline project in the era of the Pakistan People's Party (PPP). Since then, the project could not get a shape. Now under the latest scenario, Tehran has asked for payment of over $1.2 billion, as under the penalty clause from January 1, 2015, Pakistan is bound to pay penalty of $1 million per day if it fails to have intake of gas from Iran under the IP project, a top official of the Petroleum Division told The News. Keeping in view the gravity of the issue, secretary Petroleum Division in an internal note, of which a copy is available with The News, has sensitised Prime Minister Shahid Khan Abbasi, saying there are vibes emanating from Iran to move the arbitration court seeking the imposition of penalty of $1.2 billion against failure of Pakistan to implement the project. The prime minister, however, did not give any response when he was sent the question through an SMS, asking if the secretary Petroleum Division has sensitised you (the premier) over the intention of Iran on moving the arbitration court seeking penalty over failure of Pakistan to implement the project and if it is true, what strategy Pakistan will have to avoid the penalty. The News on June 07, 2016 published a story that Pakistan had shelved the IP gas line project in the wake of pressure of a leading gulf country. The decision had irked authorities in Iran at that time, but now in latest development Iran after pause of 20 months has conveyed to Pakistan in plain words that it is going for arbitration seeking the huge penalty of $1.2 billion which is equal to almost the cost of the project.
Views: 61683 Modi Days
Golar LNG
Views: 837 Fahad Khalid
NAB ARRESTS FIVE IN Rs. 63 BILLION PSO SCAM* KARACHI, July 14, 2018: NAB Karachi, during a series of raids conducted in Karachi, Islamabad and Gilgit Baltistan on 11th July, arrested following five accused persons wanted in Petroleum sale purchase scam: 1. Akhter Zameer former General Manager (Supply) PSOCL, arrested from Karachi 2. Kamran Iftikhar Lari former Chief Operating Officer (COO) Byco Pakistan Petroleum Ltd (BPPL) arrested from Karachi 3. Qaiser Jamal, former President Refineries, Byco Pakistan Petroleum Ltd (BPPL) arrested from Karachi 4. Syed Zulfiqar Ali Jaffery, former General Manager (Retail, Consumer Business) PSO and CEO Jinn Petroleum, arrested from Islamabad 5. Dr Syed Nazar A. Zaidi, former Senior General Manager (Marketing) PSO, arrested from Hunza Gilgit Baltistan The accused in connivance with each other awarded illegal contract of crude oil supply worth Rs. 2.43 billion to Byco Pakistan Petroleum Ltd. In 2008-09, against which no payment was received. It was also prima facie established against the accused persons that PSO management abused their authority in entering into an illegal contract of sale purchase of petroleum products with Byco Oil Pakistan Ltd (BOPL) in 2012 for supply of petroleum products to PSO, whereas BOPL was in fact commissioned in 2013. As a result of illegal agreement, substandard products were supplied to PSO which occasioned loss of Rs. 60 billion to the national exchequer. It was also established prima facie during the course of investigation that in year 2012, PSO management abused its authority by entering in to another illegal agreement with Byco Pakistan Petroleum Ltd (BPPL) for sale purchase petroleum products whereby PSO supplied superior quality imported products (HSD & Petrol) to BPPL at abnormally subsidized rates thus causing loss to the national exchequer. Three agreements were entered into by PSO with mala fide and illegal considerations of extending favours to blue eyed companies in petroleum business and with intention of personal illegal gains. The entire scam caused loss to the national exchequer to the tune of Rs. 63.687 billion. Accused arrested from Karachi were produced before Accountability Court on 12th July at Karachi for physical remand. Akhter Zameer and Qaiser Iqbal were remanded in NAB custody for 13 days each, whereas Kamran Iftikhar Lari was remanded to judicial custody on medical grounds. Accused arrested from Gilgit Baltistan and Islamabad will be produced on Monday after legal formalities of transit.
Views: 600 Jeevey Pakistan
Annual Africa Gas and LNG Summit with Soji Awogbade
(www.abndigital.com) The second Annual Africa Gas and LNG Summit is currently under way in Johannesburg. This year, it focuses on mastering the new dynamics of the market in Africa, as well as looking at trends and trade movements in relation to the global gas market. Soji Awogbade, a Managing Partner at Aelex in Nigeria, earlier spoke with Eleni Giokos about the industry's current status in west Africa.
Views: 387 CNBCAfrica
Gas sales deal fires up Inpex
A Japanese consortium has agreed to buy the remainder of projected LNG output from the proposed Inpex gas project in Darwin.
General Agency Agreement VS Sole Agency Agreement
Having a general agency agreement will only cause competition between brokers and drives the price down. Work as a team WITH your broker for the best outcome.
Views: 50 Business Sales Hub
Exclusive: Chevron in talks to sell stake in Canada LNG project -...
TORONTO/HOUSTON (Reuters) - Chevron Corp (CVX.N) is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File PhotoAmong the parties in talks with Chevron for a possible stake in Kitimat LNG are Petroliam Nasional Bhd [PETR.UL], or Petronas, which scrapped its own $36 billion LNG project in British Columbia last year due to challenging market conditions, two of the people said. Reuters spoke over the past week to the sources, who said there is no certainty that Chevron would p... Thanks for waching !
MESC PUBLIC LECTURE :Designing & Constructing a Floating Production Storage & Outage  (FPSO)
Designing and Constructing a Floating Production Storage and Outage (FPSO) vessel for Petroleum Industry Mr. Vijay. Vijayaraghavan (Chevron Australia Pty Ltd.) Presenter: Vijay has over 36 years experience in oil and gas industry as materials and Corrosion specialist and Construction/Engineering Manager; At least twenty years of that as principal engineer /Technical authority for offshore material selection and corrosion engineering of onshore and offshore projects, deep water pipelines, and subsea facilities; and he also have worked over number of years on research study with number universities industrials advisor to combat sulphide stress corrosion cracking and chloride stress corrosion cracking. He has a BSc in Eng technology, Post Graduate Diploma in Production Engineering and a PhD in Engineering Management. Vijay first gained his Higher national Diploma in Marine engineering in 1974 and graduated as Technologist in Sri Lanka in 1978, before undertaking a Post Graduate diploma in Production and Materials Engineering at the University of North London (UK) in 1980. He also completed a Graduate Certificate in Corrosion Science and Microbiological corrosion from City of London Polytechnic and he is also a Charter Engineer in Corrosion Engineering and Engineering Technology. He is also a qualified Commercial Diver/Subsea Engineer with over two thousand diving hours under his belt. Within the past thirty five years Vijay has worked from the level of a graduate engineer to the status of Engineering Manager while providing materials, corrosion, coatings, insulation, PFP and integrity consultancy to number of Oil & Gas Operations worldwide. He has been technical lead for number of major projects such as:  LNG trains 3 to 10 of Qatar petroleum.  Sindian 4 subsea line refurbishment project in Western Australia.  Griffin 9 subsea pipeline project in Western Australia.  Brow LNG feed projects for Woodside offshore petroleum.  Inpex Icthys LNG project.  Chevron Gorgon LNG project To name a few He is a trained specialist on fitness for service assessment according to DNV 101 standards and API 579/ASME FFS-1:2007 and possess RBI development specialty to API 580/581 requirement. To his employers he also provides guidance for making integrity assessment of new ventures, repairs, replacement, re-rating and re-design decisions of on shore and offshore operations all over the world. Professional Affiliations: Committee Member of Australian Pipeline industry association (APIA). Committee Member of Research and Standards committee of Australian Pipeline industry association (APIA) . Committee Member of Australian standards association (AS 2885 ME 038.2 and ME038.5) . Committee Member of number of standards associations for National association of Corrosion Engineers (USA) . Abstract: This is a presentation on the topic of “Building an FPSO/FLNG (Floating production storage Vessel) to operate for a period of 40 year integrity with minimum interruption. This presentation is based on Inpex/Total FPSO for the Icthys LNG project for Western Australia. Located about 220 kilometres offshore Western Australia, Ichthys represents the largest discovery of hydrocarbon liquids in Australia in 60 years. The Ichthys LNG Project is currently in construction and is ranked among the most significant oil and gas projects in the world. The Ichthys LNG Project is effectively three mega-projects rolled into one, involving some of the largest offshore facilities in the industry, a state-of-the-art onshore processing facility and an 889 km pipeline uniting them for an operational life of at least 40 years. The project is underpinned by sales and purchase agreements that cover the total production volume of 8.4 Million metric tons a year (9.26 MM tons/yr) of LNG for 15 years with shipments scheduled to begin in 2017. Approximately 70% of the LNG will go to Japanese utilities; the remainder will go toTaiwanese markets. When operational, the project is expected to produce 8.4 MM metric tons of LNG and 1.6 MM metric tons (1.76 MM tons) of LPG per annum, along with approximately 100,000 b/d of condensate at peak. Production is scheduled for the end of 2016. The huge FPSO for this project is one of the largest and most sophisticated to be deployed worldwide & will be positioned about 3 km from the CPF (central processing platform) to treat and export the condensate. The 336 m by 59 m (1,102 ft by 193.5 ft) hull has now been launched from the dry dock at the Daewoo Shipbuilding and Marine Engineering shipyard in Okpo, South Korea. Designed with a storage capacity of nearly 1.2 MMbbl (million barrels), the FPSO will be a weather-vaning ship-shaped vessel that will be permanently moored on a non-dis-connectable turret. The turret is one of the most complex pieces of equipment used on the project.
Views: 1483 IESL_ Media
Rules on Possession of Land in the Philippines
Ignorance from the law excuses no one, that's why Law Profile simplifies the study of law through words everyone can understand. The program aims to educate the common man of his rights through detailed discussions of real-life legal cases to illustrate how the law works and what one can do in similar situations. Viewers are encouraged to send in their questions for a professional advice on air. Law Profile is hosted by top caliber law practitioners who have established their own niche in the legal arena. LAW PROFILE UNTV Channel 37 Thursday 5:00 to 5:45 p.m. http://www.untvweb.com/program/law-profile/ Aired on : April 03, 2014
Views: 31986 UNTV Web
Berlanjutnya Pembentukan Holding Migas
11 April 2018 Holding Migas (Pertamina-PGN-Pertamina Gas) terbentuk. Sebagai proses kelanjutan pembentukan Holding Migas, Pertamina dan PGN telah melakukan penandatanganan Condition Sales Purchase Agreement (CSPA) untuk proses integrasi PGN dan Pertamina Gas. Untuk lebih lengkapnya, yuk sobat #energibaik nonton langsung video berikut ini!
Views: 1418 Perusahaan Gas Negara
In Business - LNG Should Be Brought To India's East Coast To Cut Costs: GVK Power
GVK Power's loss widened to Rs.171 crore in the fourth quarter of FY13, while sales dropped 24%. In an exclusive interview with Bloomberg TV India, Issac George, Director-Finance & CEO at GVK Power & Infra, spoke about the company's Q4 results.
Views: 136 Bloomberg TV India
LNG terminal - KochiNow.com
Petronet's LNG terminal at Puthuvype, Kochi will be ready by 2012 says Union Petroleum Secretary.
Views: 165 KochiNowDotCom
Asian Markets Overview of March 24, 2010: BG (LON:BG) and CNOOC to Sign LNG Deal
(ABN Newswire) - Wall Street's rallies overnight provided a positive lead to Asian markets on Wednesday. Dow and S&P 500 Tuesday surged to 18-month highs led by blue-chip industrial stocks. Nasdaq was also buoyed by signs of improved semiconductor market. Asian markets closed mixed on Tuesday. Energy shares in the region rose after the price of crude oil rebounded above US$81 a barrel on the New York Mercantile Exchange. Japan's Nikkei 225 fell nearly 0.5 per cent due to stronger yen against euro. China's Shanghai Composite lost 0.7 per cent. But South Korea's Kospi gained 0.6 per cent. Hong Kong's Hang Seng Index advanced 0.3 per cent. Company News BG Group PLC (LON:BG) and China National Offshore Oil Corp.(CNOOC), parent of Cnooc Ltd (HKG:0883), plan to sign a sale-and-purchase agreement for liquefied natural gas from Australia Wednesday, said sources. The deal could be worth as much as A$80 billion. As part of the deal, the Chinese group will buy a 10% stake in one of the two LNG trains that BG plans to construct at the project. CNOOC will also take a 5% stake in certain BG coal seam gas fields. Toshiba Corp. (TYO:6502) said it will begin construction of an additional flash memory manufacturing facility at its plant in central Japan in July, after putting the plan on hold due to the global financial crisis. Toshiba said it saw demand begins to recover with the market penetration of smartphones and other new applications, and foreseeing further market expansion in the medium- and long-term. The company now recognizes that the time is right to construct a new fabrication facility. Yesterday Toshiba shares also strongly gained on the news that the company will jointly develop a next generation nuclear reactor with TerraPower, which is controlled by Microsoft Chairman Bill Gates. Bank of China Ltd. (HKG:3988) said the Chinese lender and Singapore's sovereign-wealth fund Temasek Holdings plan to set up a rural banking joint venture in China. The joint venture will provide loans to China's rural population. Bank of China Tuesday posted a bigger-than expected 26% rise in 2009 net profit due to a surge in loans amid China's stimulus-led economic rebound, but the bank is expected to slow down the pace of lending this year. A unit of Singapore based Keppel Corp (SIN:BN4) has won a 62 million euro contract to build a floating platform that will be used to erect a wind farm off the German coast. Keppel's Dutch unit will partner with the German unit of French energy company Areva (EPA:CEI) to build the Mobile Offshore Application Barge, with completion scheduled for the fourth quarter of 2011.
Views: 1384 ABN Newswire
Petronet LNG - Gains in trade on news of falling KG D6 gas output
Petronet LNG - Gains in trade on news of falling KG D6 gas output
Views: 61 ET NOW
Will encash opportunity of low spot cargo prices: Petronet LNG
Will encash opportunity of low spot cargo prices: Petronet LNG
Views: 43 ET NOW
MCC Petroli Oil and Gas Group
NCC Petroli Company ( Joint-Stock ) in Malta and Switzerland - We Have The Greatest Sales Network Then Ever,Specialized To Sell Any Quantity of Crude Oil all around the world!!! We are in the business of oil and gas marketing facilitation,buy and sell at global level for decades, since March 1980 in Switzerland as MCC Petroli Company A.G. In our venture to expand our span of collaborative partnership in this business we searched for new leading global companies dealing in the stated business. The name of your company comes to us as a leading business organization in the world trade. As a group we are handling a variety of products including oil and gas. The product range we deal in is fairly wide. Our affiliate business groups deal in gas filling stations, compressors, dispensers, gas transport and similarly crude oil products like REBCO, SLCO, BLCO, JET FUEL, D2, M100, LIGHT CRUDE OIL, LNG, MEREY16,Alluminiunm,GOLD and Bitumen. We also cater for meeting Sugar, Cement, Urea, Iron ore, Used rails , Hms I & II, Scrap, Gold and Rice requirements of our customers. Most of our business contacts are large refineries and other oil producing companies who deal in the subject area on a large scale. Considering your company size and reputation and our devotion in marketing / consultancy in oil and allied fields we extend our invitation to join us as your collaborative business partner and give us the opportunity of serving our mutual interest in the expansion of business. Our affiliates / collaborative partners are spread all around the glob; prominent countries who deal as partners with us are USA, Russia, Saudi Arabia, China, Austria, Cyprus, Holland, Turkey, Germany, UK, Japan, Malaysia and India etc. With this background of global trade we are reaching you with a hope to extend our assistance / facilitation as your mandate or facilitator in your crude oil sales / purchase contracts. We are also in contact with large business investors who can invest in your respective countries depending upon the terms and conditions which investors and your companies can agree to work together. We deal in currency exchange normally conversion from Euro to Dollar and Dollar to Euro. We are also affiliated with large management and financial consultancy firms around the glob and as such have the capability of providing management services in both the stated fields and any other field which our client may request. So at the end of all we can say that we are a Big Crude Oil Company made in switzerland with more than 231companies partecipation and 950offices all around the world all focalized to buy and sell REBCO, SLCO, BLCO, JET FUEL, D2, M100, LIGHT CRUDE OIL, LNG, MEREY16,Alluminiunm,GOLD and Bitumen and other commodities in the best way using our very impressive network of agents and suppliers. Recent history: In a strategic business deal, MCC Holding Hong Kong Corp.Ltd (part of China Petroleum & Chemical Corporation and SINOPEC) recently acquired the Major % of the shares of MCC Petroli Limited, MALTA and MCC Petroli Company - AG Switzerland and moved its headquarters to Paris, FRANCE. Shares of MCC Holding SA and MCC Holding Ltd (UK) also transferred into the Hands of MCC Holding, Hong Kong Corp. Ltd. in China. With this Step, MCC Petroli Company Limited in MALTA has become the "de facto" the mother-company of all MCC Petroli company in the world with huge prospective to implement their operative and logistic offices in MALTA as situated into a strategic area of the Mediterranean Sea. Paris, perfect for the public relations, will be the new operative HQ of MCC Petroli Group instead of Switzerland under the umbrella of MCC Holding and the management of MCC Petroli Company Limited, MALTA which is partially owned by Baron Louis Forino of Little Staughton and MCC Holding Hong Kong Corp.Ltd., China. http://en.wikipedia.org/wiki/Sinopec We are United Nations registered company for buy & resale Military Weapons!
Views: 269 Louis Forino