Brazil: The PROMINP Program, PETROBRAS Local Content Policy and Maritime Equipment Demands

Size: px
Start display at page:

Download "Brazil: The PROMINP Program, PETROBRAS Local Content Policy and Maritime Equipment Demands"

Transcription

1 Brazil: The PROMINP Program, PETROBRAS Local Content Policy and Maritime Equipment Demands Opportunities for Suppliers Houston, Texas 6 th to 9 th May 2013

2 Agenda PROMINP: O&G Brazilian Industry Mobilization Program PETROBRAS' Local Content Policy Brazilian Main Shipyards Offshore and Maritime Equipment Demand

3 Agenda PROMINP: O&G Brazilian Industry Mobilization Program PETROBRAS' Local Content Policy Brazilian Main Shipyards Offshore and Maritime Equipment Demand

4 PROMINP: O&G Brazilian Industry Mobilization Program May 2013 Apresentação ao Comitê Diretivo

5 PROMINP s Mission Maximize goods and services national industry content, within competitive and sustainable basis, in the implantation of oil and gas projects in Brazil and abroad.

6 Prominp Management Structure Steering Committee MME Minister MDIC Minister PETROBRAS President and Services Director ONIP CEO/President BNDES President IBP President Oil, Natural Gas and Renewable Fuels Secretariat Executive Committee Executive Coordinator MME Oil, Natural Gas and Renewable Fuels Secretariat MDIC Development, Industry and International Trade Secretariat BNDES - Director PETROBRAS Engineering Executive Manager PROMINP Executive Coordinator ONIP Director IBP Director Associations President / Director (ABCE, ABDIB, ABEMI, ABIMAQ, ABINEE, ABITAM SINAVAL e CNI) Exploration & Production Sectorial Committee Maritime Transportation P&G IND G&P and Pipelines Downstream PETROBRAS IBP BNDES

7 Strategic Subjects CHALLENGE Maximize Local Content Strategic Subjects Qualification Industrial Policy Industry Performance Technological Qualification Industrial Capacity Financing Regulation Sustainability Competitiveness Professional Qualification Tax Policy Foster micro and small companies Safety, Environment and Health Prominp Projects Portfolio E&P MT Downstream GP&Pipelines O&G IND Environment Technology

8 Examples of Results Qualification Instrumentos de Política Industrial Desempenho Empresarial Technological Qualification Industrial Capacity Financiamento Regulação Sustentabilidade Competitividade Professional Qualification Política Tributária Fomento à Pequena e Média Empresa SMS Suppliers Development

9 Suppliers Development Objective Develop domestic suppliers in a competitive and sustainable way, for the manufacture of equipment and materials that are not provided by the national market. Competitive Substitution of Imports Cases of success (examples) Lifeboats nationalization (E&P-11) Offshore cranes nationalization (E&P-11)

10 Examples of Results Qualification Industrial Policy Industry Enterprise Performance Technological Qualification Industrial Capacity Financing Regulation Sustainability Competitiveness Professional Qualification Tributary Policy Tributary Policy Foster Foster micro Small and and Medium small companies Enterprise Safety, Environment and Health Professional Qualification Plan

11 Establishment of the National Professional Qualification Plan PNQP PROFESSIONAL GAPS IDENTIFICATION BOTTLENECK Lack of qualified professionals to respond competitively Establishment of PNQP (2006) ACTION Provide skilled professionals in the country to operate in different links of the supply chain for the categories and quantities necessary for the oil and gas projects implementation. EXAMPLES OF DEMANDED PROFESSIONAL CATEGORIES Level of the Professional Category Structuring of professional Careers High Specialization Advanced Regular Examples: Production operators, etc.; High investments in infrastructure for the viability of professional qualification; Only experienced professionals. Examples: Cargo Operator, inspectors etc.; Only experienced professionals. Examples: Engineer, Technician, Electrician, etc; Professionals with or without experience.

12

13 Results Instrumentos Capacitação de Política Industrial Instruments of Industrial Policy Desempenho Empresarial Capacitação Financiamento Tecnológica Capacitação Regulação Industrial Financing Regulation Sustentabilidade Competitividade Qualificação Política Profissional Tributária Fomento à Pequena e Média Empresa Tax Policy Foster micro and small companies SMS Funding mechanisms for working capital

14 Financing Mechanisms Support the structuring of new mechanisms for financing and capitalization of the production chain. FIDCs Investment Funds in Receivables PROGREDIR FIPs Private equity funds Fund to anticipate major receivable credits; 9 Funds in operation: contracts; Over 300 financed suppliers; R$ 3.8 billion in anticipation of receivables. Financing the supply chain; 10 participating banks; Over R$ 5.8 billion granted in loans; Over transactions involving 491 companies of 21 states in all regions of Brazil; Reduction of 20% to 50% in interest rates. Fund of Private Equity 1 Operating Fund - net worth of U.S. $ 500 million.

15 Examples of Results Instrumentos Capacitação de Política Industrial Industrial Policy Desempenho Empresarial Capacitação Financiamento Tecnológica Capacitação Regulação Industrial Financing Regulation Sustentabilidade Competitividade Qualificação Política Profissional Tributária Fomento à Pequena e Média Empresa Tax Policy Foster micro and small companies SMS Local Content Booklet

16 Local Content Booklet ( Cartilha ) Main Concept The Cartilha (booklet) is the official methodology for measuring local content, published by the ANP in 2005; It aims to identify the source of manufacture of components that make up each piece of equipment and service; The calculation is separated into: Local Content of goods Local Content of Services Local Content of goods for temporal use, Local Content of systems and sub -systems For the booklet, an item is not simply "national, but has "x%" Local Content. Goods (%) = 1- cost imported inputs x 100 selling price of good without taxes Services (%) = cost of skilled local labor force x 100 total cost of manpower

17 Examples of Results Instrumentos de Política Industrial Instrumentos de Política Industrial Industry Performance Financiamento Regulação Financiamento Regulação Sustainability Competitiveness Política Tributária ria Fostero à Pequena e Média Empresa Política Tributária ria Fostero à Pequena e Média Empresa Safety, Environment and Health Competitiveness Study of Goods and Services for Oil and Gas Market

18 Competitiveness Study of Goods and Services Supplier Industry of Oil and Gas Market Competitiveness Study 2008 Competitiveness World Class Industrial Sectors 18 industrial sub-sectors 2 perspectives: Technical-Industrial Qualification Tax and labor legislation, financing and guarantees

19 National Industry Competitiveness Diagnosis General Competitiveness Roadmap Sources: UFRJ Economy Institute and Petrobras

20 National Industry Competitiveness Diagnosis Medium Level Competitiveness Sectors Expansion of Production Capacity Technology update / Association with foreign companies Sources: UFRJ Economy Institute and Petrobras

Brazilian Association of Offshore and Marine Construction Companies. Augusto Mendonça CEO

Brazilian Association of Offshore and Marine Construction Companies. Augusto Mendonça CEO Brazilian Association of Offshore and Marine Construction Companies Augusto Mendonça CEO About us Activity Difference SINAVAL ABENAV It is a brazilian representative entity only restricted to companies

More information

CEO LUIZ GERMANO BODANESE. Established: 1995 Area: Oil & Gas Team: 50 people. Administrative. Production and Shipping. Drilling and Intervention

CEO LUIZ GERMANO BODANESE. Established: 1995 Area: Oil & Gas Team: 50 people. Administrative. Production and Shipping. Drilling and Intervention Gaia Group CEO LUIZ GERMANO BODANESE Established: 2002 Area: Real State Team: 13 people Established: 1995 Area: Oil & Gas Team: 50 people Established: 2010 Area: Sports Team: 9 people Legal Administrative

More information

Brazilian Association of Offshore and Marine Construction Companies. João Azeredo Executive Director

Brazilian Association of Offshore and Marine Construction Companies. João Azeredo Executive Director Brazilian Association of Offshore and Marine Construction Companies João Azeredo Executive Director About us Activity Difference SINAVAL ABENAV It is a brazilian representative entity only restricted to

More information

NEW INVESTMENT OPPORTUNITIES IN INFRASTRUCTURE

NEW INVESTMENT OPPORTUNITIES IN INFRASTRUCTURE Associação Brasileira da Infra-estrutura e Indústrias de Base (Brazilian Association of Infrastructure and Basic Industries) NEW INVESTMENT OPPORTUNITIES IN INFRASTRUCTURE Paulo Godoy President XII Joint

More information

Current Petrobras Technology Strategy - An Overview

Current Petrobras Technology Strategy - An Overview Current Petrobras Technology Strategy - An Overview Brazil-Texas Chamber of Commerce May 5, 2010 Carlos Tadeu da Costa Fraga Petrobras R&D Executive Manager Disclaimer The presentation may contain forecasts

More information

The Brazilian Oil & Gas Industry

The Brazilian Oil & Gas Industry www.pwc.com.br The Brazilian Oil & Gas Industry A period of great transformation The Brazilian Oil & Gas Industry Context The Brazilian Oil & Gas industry is undergoing a period of great transformation.

More information

Procurement Policy and Critical Equipment Supply

Procurement Policy and Critical Equipment Supply Procurement Policy and Critical Equipment Supply Disclaimer FORWARD-LOOKING STATEMENTS The presentation may contain forward-looking statements about future events within the meaning of Section 27A of the

More information

BNDES: Fostering Sustainability for Cultural Institutions

BNDES: Fostering Sustainability for Cultural Institutions BNDES: Fostering Sustainability for Cultural Institutions April 28, 2015 LUCIANE GORGULHO HEAD OF THE CULTURE ECONOMY DEPARTMENT General Information Mission, Vision & Values Mission To foster sustainable

More information

Financing Oil & Gas Projects in Brazil

Financing Oil & Gas Projects in Brazil Financing Oil & Gas Projects in Brazil Roberto Zurli Machado February 2011 BNDES policies to Oil & Gas Sector BNDES Financing Schemes Clients: companies established in Brazil under Brazilian laws (national

More information

Collaboration between Brazil and Norway in the field of oil and gas research and technology and exchange of human resources(bn21)

Collaboration between Brazil and Norway in the field of oil and gas research and technology and exchange of human resources(bn21) Collaboration between Brazil and Norway in the field of oil and gas research and technology and exchange of human resources(bn21) Director general Marit Engebretsen NHO, 23 January 2014 Brazil 25 November

More information

Latin America/Caribbean. Andrews Kurth in Latin America and the Caribbean. Legal Services in Latin America and the Caribbean

Latin America/Caribbean. Andrews Kurth in Latin America and the Caribbean. Legal Services in Latin America and the Caribbean Andrews Kurth in Latin America and the Caribbean With experience in leading projects and counseling clients in virtually every Latin American country and the Caribbean region, Andrews Kurth lawyers are

More information

PROJECT EXPERIENCE Development/Transaction Support United States MANAGING DIRECTOR

PROJECT EXPERIENCE Development/Transaction Support United States MANAGING DIRECTOR Peter Abt Mr. Abt is a Managing Director in Black & Veatch s Management Consulting Division. He leads the division s Oil & Gas Strategy practice and holds primary responsibility for client management and

More information

Rules of Human Resources Programs. (PRH-ANP, R&D Clause, SwB)

Rules of Human Resources Programs. (PRH-ANP, R&D Clause, SwB) Rules of Human Resources Programs (PRH-ANP, R&D Clause, SwB) Challenges of a rapidly expanding petroleum industry Elias Ramos de Souza Superintendent for Planning and Research (Brazilian) National Petroleum

More information

HOUSTON COMMUNITY COLLEGE Faculty Credentialing Manual

HOUSTON COMMUNITY COLLEGE Faculty Credentialing Manual HOUSTON COMMITY COLLEGE (BMGT, BUSG, HRPO, IBUS, LMGT, BUSI 1301/BUSG 1301 Introduction to Business BMGT 1313 Principles of Purchasing BMGT 1325 Office BMGT 1341 Business Ethics BUSG 1373 and Economic

More information

Financial Overview. Olivier Dubois. Investor Presentation. President and CFO. Paris, October 17, 2007 - New York, October 19, 2007

Financial Overview. Olivier Dubois. Investor Presentation. President and CFO. Paris, October 17, 2007 - New York, October 19, 2007 Financial Overview Olivier Dubois President and CFO Investor Presentation Paris, October 17, 2007 - New York, October 19, 2007 Current situation 2 Technip financial statements FULL YEAR FIRST SEMESTER

More information

Anchored by excellence

Anchored by excellence Project Division 2 3 Anchored by excellence INTRODUCTION Welcome to BBC Chartering, a world leader in the ocean carriage of heavy lift and project cargoes. We support leading clients with our fleet which

More information

Namibia. Koep & Partners. Introduction

Namibia. Koep & Partners. Introduction Koep & Partners Introduction Key legislation and regulatory structure Once largely ignored by international oil and gas companies, has in recent times been called one of the last frontiers of oil and gas

More information

Financial sector leadership on natural capital

Financial sector leadership on natural capital Financial sector leadership on natural capital The Natural Capital Declaration A commitment by financial institutions to mainstream natural capital in financial products and in accounting, disclosure and

More information

2005 New York Broker dealer. Diversification of portfolio. 2007 Expansion of Investment Bank, payroll loan and credit cards. Shareholder base 2

2005 New York Broker dealer. Diversification of portfolio. 2007 Expansion of Investment Bank, payroll loan and credit cards. Shareholder base 2 OVERVIEW - History 1 1991 Beginning of operations as a multiple bank 2002 Nassau Branch 2005 New York Broker dealer 2009 Beginning of strategic partnership with 2015 Promotiva S.A. (payroll loans origination

More information

Offset Strategy of the Brazilian Air Force

Offset Strategy of the Brazilian Air Force Offset Strategy of the Brazilian Air Force A comprehensive approach Lt Col Diógenes Lima Neto M.Sc., MBA Objective A comprehensive understanding of the BAF s offset strategy, with special attention to

More information

The Brazilian Economy and Investment Opportunities

The Brazilian Economy and Investment Opportunities The Brazilian Economy and Investment Guido Mantega Minister of Finance Brazilian Infrastructure Concession Program US$ 235 billion in the coming years Largest concession program in recent decades Investment:

More information

OIL PRODUCTION IN BRAZIL: CHALLENGES AND PROSPECTS

OIL PRODUCTION IN BRAZIL: CHALLENGES AND PROSPECTS OIL PRODUCTION IN BRAZIL: CHALLENGES AND PROSPECTS Prof. Edmar de Almeida Energy Economics Group Institute of Economics Federal University of Rio de Janeiro Roundtable hosted by Center on Global Energy

More information

SEA Europe input on future EU-US Transatlantic Trade and Investment Partnership

SEA Europe input on future EU-US Transatlantic Trade and Investment Partnership SEA Europe input on future EU-US Transatlantic Trade and Investment Partnership SEA Europe is the Association for Ships and Maritime Equipment. Originating from the fusion of EMEC, the European Marine

More information

São Paulo: multiple opportunities to foster your business

São Paulo: multiple opportunities to foster your business São Paulo: multiple opportunities to foster your business The economic importance of São Paulo transcends the Brazilian frontiers. The State is one of the most developed regions all over Latin America,

More information

COMMITTEE ON FOREIGN AFFAIRS SUBCOMMITTEE ON TERRORISM NON-PROLIFERATION AND TRADE

COMMITTEE ON FOREIGN AFFAIRS SUBCOMMITTEE ON TERRORISM NON-PROLIFERATION AND TRADE TESTIMONY OF THOMAS J. RAGUSO EXECUTIVE VICE PRESIDENT AMEGY BANK N.A. Before the COMMITTEE ON FOREIGN AFFAIRS SUBCOMMITTEE ON TERRORISM NON-PROLIFERATION AND TRADE UNITED STATES HOUSE OF REPRESENTATIVES

More information

The Extended Oil & Gas Supply Chain

The Extended Oil & Gas Supply Chain The Extended Oil & Gas Supply Chain SAP Business Forum 05 Series Houston, Texas March 22, 2005 Mickey McBroom, Industry Principal Downstream Dirk Williams, Manager, Field Services, IBU Oil & Gas Introduction

More information

ABIMAQ Brazilian Machinery Builder s Association

ABIMAQ Brazilian Machinery Builder s Association ABIMAQ Brazilian Machinery Builder s Association The Brazilian Machinery Builder s Association Founded in 1975, ABIMAQ Brazilian Machinery Manufacturers Builders Association is one of the most important

More information

Why infrastructure is so important

Why infrastructure is so important Maersk in Brazil Brazil is a key growth market for Maersk. We share a common interest with Brazil in promoting economic development, national competitiveness and prosperity for Brazil s population. Since

More information

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014 Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North

More information

Tenda Atacado: Transforming Business Relations into Partnerships for Growth. Tenda Atacado and Opportunities for the Majority May 2012

Tenda Atacado: Transforming Business Relations into Partnerships for Growth. Tenda Atacado and Opportunities for the Majority May 2012 Tenda Atacado: Transforming Business Relations into Partnerships for Growth Tenda Atacado and Opportunities for the Majority May 2012 Tenda Atacado: Transforming Business Relations into Partnerships for

More information

33/81/ 139 240/196/ 128/128/ 128 70/133/ 210 245/218/ 101 1st Quarter 157/190/ 2013 231 249/231/ 157 218/231/ 246

33/81/ 139 240/196/ 128/128/ 128 70/133/ 210 245/218/ 101 1st Quarter 157/190/ 2013 231 249/231/ 157 218/231/ 246 1 st Quarter 2013 1 Disclaimer This presentation may include references and statements, planned synergies, estimates, projections of results, and future strategy for Banco do Brasil, it s Associated and

More information

Government Performance and Review Act (GPRA): Annual Performance Plan/Report (APP/R) and Ex Im Bank Performance Metrics/Targets

Government Performance and Review Act (GPRA): Annual Performance Plan/Report (APP/R) and Ex Im Bank Performance Metrics/Targets Government Performance and Review Act (GPRA): Annual Performance Plan/Report (APP/R) and Ex Im Bank Performance Metrics/Targets Pursuant to United States Code Title 31: Money and Finance Sections 1115

More information

NESsT Glossary of Terms

NESsT Glossary of Terms NESsT Glossary of Terms Base of the Pyramid (BoP): The World Resources Institute defines the base of the economic pyramid (BoP) as those with annual incomes below USD 3,000 in local purchasing power approximately

More information

Financing and Investment Group

Financing and Investment Group Financing and Investment Group Presentation for Trade Commissioners Robert Pelletier, Chief Representative, Asia Adam Smith, Senior Associate, International Financing Team April 28, 2015 OBJECTIVE Objective

More information

Internationalization of Brazilian Software Companies, the role of public financing and public and private venture capital

Internationalization of Brazilian Software Companies, the role of public financing and public and private venture capital Internationalization of Brazilian Software Companies, the role of public financing and public and private venture capital Fabio Marinho, Federal University of Rio de Janeiro Claudia Pavani, University

More information

Presentation of Grupo ACS. September 2009

Presentation of Grupo ACS. September 2009 Presentation of Grupo ACS September 2009 Strategic vision A global leader in infrastructure development In the fields of civil and industrial engineering activities With sustainable and profitable growing

More information

DEVELOPING A CNG INFRASTRUCTURE LINING WITH THE FUTURE NEEDS MIDDLE EAST, NGV SUMMIT, 8 10 SEPTEMBER 2014, ABU DHABI, UAE

DEVELOPING A CNG INFRASTRUCTURE LINING WITH THE FUTURE NEEDS MIDDLE EAST, NGV SUMMIT, 8 10 SEPTEMBER 2014, ABU DHABI, UAE DEVELOPING A CNG INFRASTRUCTURE LINING WITH THE FUTURE NEEDS MIDDLE EAST, NGV SUMMIT, 8 10 SEPTEMBER 2014, ABU DHABI, UAE Robbi R. Sukardi, MBA Chairman For the Association of CNG Indonesia Companies CONTENTS

More information

GIEK in 2010: Records, risk and limited resources. Wenche Nistad

GIEK in 2010: Records, risk and limited resources. Wenche Nistad The year 10 GIEK in 2010: Records, risk and limited resources «GIEK s revenues from premiums and fees passed NOK 1 billion in 2010. This proves that there is a great need for our services, and that GIEK

More information

How Are Texas Oil And Gas Cos. Faring In China?

How Are Texas Oil And Gas Cos. Faring In China? Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com How Are Texas Oil And Gas Cos. Faring In China? Law360,

More information

SEARCH PROFILE. Executive Director Energy Technical Services. Alberta Energy. Executive Manager 1

SEARCH PROFILE. Executive Director Energy Technical Services. Alberta Energy. Executive Manager 1 SEARCH PROFILE Executive Director Energy Technical Services Alberta Energy Executive Manager 1 Salary Range: $125,318 - $164,691 ($4,801.47 - $6,310.03 bi-weekly) Limited Competition Job ID: 1032725 Closing

More information

The Canada Impact Investment Fund: A National Fund Proposition to Support Investment in the Social Sector An Overview for Stakeholders

The Canada Impact Investment Fund: A National Fund Proposition to Support Investment in the Social Sector An Overview for Stakeholders The Canada Impact Investment Fund: A National Fund Proposition to Support Investment in the Social Sector An Overview for Stakeholders May, 2011 Prepared by: Thomas Haubenreisser, Invest 4 Impact Introduction

More information

INDONESIA. Implementing Public TVET Programs in the Midst of the Financial Crisis - HRD Policies in Collaboration with Employment Security

INDONESIA. Implementing Public TVET Programs in the Midst of the Financial Crisis - HRD Policies in Collaboration with Employment Security INDONESIA Implementing Public TVET Programs in the Midst of the Financial Crisis - HRD Policies in Collaboration with Employment Security (Agnes Retno Dwidarsih Yosephine Pranolo) A. Employment Condition

More information

Michael James VP Commercial Banking, RBC. Patrick Murphy Senior Account Manager, EDC. Julia Lee Account Manager, BDC

Michael James VP Commercial Banking, RBC. Patrick Murphy Senior Account Manager, EDC. Julia Lee Account Manager, BDC Michael James VP Commercial Banking, RBC Patrick Murphy Senior Account Manager, EDC Julia Lee Account Manager, BDC Contract signing 9 months Delivery 60 days Final payment Risk of non-payment (70%) Security

More information

THE VALUE OF MICROLENDING IN EMERGING ECONOMIES THE CASE OF BRAZIL

THE VALUE OF MICROLENDING IN EMERGING ECONOMIES THE CASE OF BRAZIL THE VALUE OF MICROLENDING IN EMERGING ECONOMIES THE CASE OF BRAZIL Celson Hupfer Banco Itaú Defining Microlending Credit to poor people or micro-entrepreneurs without access to formal credit sources very

More information

Managing Cash Flow on Construction Projects. Alison Sellers October 25, 2012

Managing Cash Flow on Construction Projects. Alison Sellers October 25, 2012 Managing Cash Flow on Construction Projects Alison Sellers October 25, 2012 1 The material appearing in this presentation is for informational purposes only and is not legal or accounting advice. Communication

More information

Rockwell Automation in Oil & Gas

Rockwell Automation in Oil & Gas Rockwell Automation in Oil & Gas November 14, 2013 Rev 5058-CO900E Copyright 2013 Rockwell Automation, Inc. All Rights Reserved. Copyright 2013 Rockwell Automation, Inc. All Rights Reserved. 2 2013 Oil

More information

Potential Impacts for the Brazilian Economy: Case study.

Potential Impacts for the Brazilian Economy: Case study. Potential Impacts for the Brazilian Economy: Case study. VIII Britcham International Seminar Mauro Andrade mauroandrade@deloitte.com Petroleum Services, November 2008 Sub-Salt Cluster Context Block BM-S-8

More information

Regional Energy Efficiency Program

Regional Energy Efficiency Program Regional Energy Efficiency Program Mauricio Garrón B Senior Specialist Energy Vicepresidency October 2014 Content The program is part of a new energetic agenda currently carried out by 8 regional agencies

More information

U.S. Food and Drug Administration Office of International Programs and International Offices

U.S. Food and Drug Administration Office of International Programs and International Offices U.S. Food and Drug Administration Office of International Programs and International Offices Presenter: Nicole Taylor Smith, Assistant Country Director China Office, U.S. Food and Drug Administration March

More information

Tax Impacts to Structure Investments in Brazil Debt or Equity. Andrea Bazzo Lauletta November 2012

Tax Impacts to Structure Investments in Brazil Debt or Equity. Andrea Bazzo Lauletta November 2012 Tax Impacts to Structure Investments in Brazil Debt or Equity Andrea Bazzo Lauletta November 2012 Introduction Brazilian Scenario for Non-Resident Investments Brazil has a specific set of rules for non-resident

More information

BIODIESEL THE NEW FUEL FROM BRAZIL NATIONAL BIODIESEL PRODUCTION & USE PROGRAM

BIODIESEL THE NEW FUEL FROM BRAZIL NATIONAL BIODIESEL PRODUCTION & USE PROGRAM BIODIESEL THE NEW FUEL FROM BRAZIL NATIONAL BIODIESEL PRODUCTION & USE PROGRAM BIODIESEL: THE NEW FUEL FROM BRAZIL The Brazilian Government has just authorized the commercial use of a new fuel. Brazil

More information

REPORT On the work of the Croatian Energy Regulatory Agency For the year 2005

REPORT On the work of the Croatian Energy Regulatory Agency For the year 2005 Republic of Croatia Croatian Energy Regulatory Agency REPORT On the work of the Croatian Energy Regulatory Agency For the year 2005 Zagreb, July 2006 Croatian Energy Regulatory Agency CONTENT A. REPORT

More information

Spectra Energy Reports Fourth Quarter and Year-End 2007 Results

Spectra Energy Reports Fourth Quarter and Year-End 2007 Results Media: Molly Boyd (713) 627-5923 (713) 627-4747 (24-hour media line) Analysts: John Arensdorf (713) 627-4600 Date: February 6, 2008 Spectra Energy Reports Fourth Quarter and Year-End 2007 Results Fourth

More information

Post-Crisis Development Challenges: perspectives for Brazil and other BRICSs

Post-Crisis Development Challenges: perspectives for Brazil and other BRICSs Post-Crisis Development Challenges: perspectives for Brazil and other BRICSs Seminar Innovation, Development and the Global Crisis: BRICSs experience Rio de Janeiro, 16-17 November 2009 Luciano Coutinho

More information

137 Northpark Blvd. Telephone: (985) 276-6100 Covington, LA 70433 Fax: (985) 276-6284. Prepared Statement by. Thomas L. Shaw, President LOOP LLC

137 Northpark Blvd. Telephone: (985) 276-6100 Covington, LA 70433 Fax: (985) 276-6284. Prepared Statement by. Thomas L. Shaw, President LOOP LLC 137 Northpark Blvd. Telephone: (985) 276-6100 Covington, LA 70433 Fax: (985) 276-6284 Prepared Statement by Thomas L. Shaw, President LOOP LLC Before Public Meeting on the Quadrennial Energy Review Petroleum

More information

Power - Tech. Professional Staffing Solutions

Power - Tech. Professional Staffing Solutions Power - Tech Professional Staffing Solutions PT - Executive summary Power Tech provides professional staffing solutions services for large and medium size projects in the energy and oil & gas sector at

More information

Ronald Herscovici, Eduardo J Herszkowicz and Carlos Augusto Junqueira

Ronald Herscovici, Eduardo J Herszkowicz and Carlos Augusto Junqueira 11 The Brazilian factoring industry and receivable investment funds: a successful partnership Ronald Herscovici, Eduardo J Herszkowicz and Carlos Augusto Junqueira Souza Cescon Avedissian Barrieu e Flesch

More information

U.S. House of Representatives Subcommittee on Energy and Power: Quadrennial Energy Review and Related Discussion Drafts, including Title III

U.S. House of Representatives Subcommittee on Energy and Power: Quadrennial Energy Review and Related Discussion Drafts, including Title III U.S. House of Representatives Subcommittee on Energy and Power: Quadrennial Energy Review and Related Discussion Drafts, including Title III Energy Diplomacy Testimony by: Gerald Kepes Vice President,

More information

Fiscal year ending March 2008 3rd Quarter Financial Results (cumulative)

Fiscal year ending March 2008 3rd Quarter Financial Results (cumulative) Fiscal year ending March 2008 3rd Quarter Financial Results (cumulative) January 2008 Osaka Gas Co., Ltd 1 I. Consolidated results for 3rd quarter and full-year forecast Management information is available

More information

The Announcement of Organizational Changes

The Announcement of Organizational Changes 20 May 2013 The Announcement of Organizational Changes (the establishment of Gas Supply & Infrastructure and the reorganization in Overseas Project s) INPEX CORPORATION (INPEX) is pleased to announce that

More information

Re: Tax Treatment of Business Debt and Impact on Global Investment in the United States

Re: Tax Treatment of Business Debt and Impact on Global Investment in the United States April 15, 2013 The Honorable Kenny Marchant Chair Debt, Equity, and Capital Working Group 1110 Longworth House Office Building Washington, DC 20515 The Honorable Jim McDermott Vice Chair Debt, Equity,

More information

BCSE Briefing: Driving US Economic Growth and Jobs. Chris Perrault, Vice President January 26, 2011

BCSE Briefing: Driving US Economic Growth and Jobs. Chris Perrault, Vice President January 26, 2011 BCSE Briefing: Driving US Economic Growth and Jobs Chris Perrault, Vice President January 26, 2011 Key Messages Job growth opportunities from energy efficiency and related technologies (smart grid, etc.)

More information

Why aren t foreign investors interested in HFF14?

Why aren t foreign investors interested in HFF14? Net debt position never better Iceland s net external debt position has not been as strong since the Central Bank of Iceland first began taking measurements in 1989. The position at the end of the third

More information

IMPACTS OF THE 2010 TPO AWARD ON APEX-BRASIL

IMPACTS OF THE 2010 TPO AWARD ON APEX-BRASIL World TPO Network Conference Kuala Lumpur, October 18th 2012 IMPACTS OF THE 2010 TPO AWARD ON APEX-BRASIL Main impacts on Apex-Brasil Strengthening of peers, clients and stakeholders recognition of Apex-Brasil

More information

H.R. 702 A bill to adapt to changing crude oil market conditions

H.R. 702 A bill to adapt to changing crude oil market conditions CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 29, 2015 H.R. 702 A bill to adapt to changing crude oil market conditions As reported by the House Committee on Energy and Commerce on September 25,

More information

COMPETITIVE LONG TERM FINANCING FROM NORWAY

COMPETITIVE LONG TERM FINANCING FROM NORWAY COMPETITIVE LONG TERM FINANCING FROM NORWAY Our Mission: «Competitive financial solutions to buyers of Norwegian Capital Goods and Services, thus contributing to making Norwegian exporters win contracts»

More information

Spectra Energy Reports First Quarter 2012 Results

Spectra Energy Reports First Quarter 2012 Results Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 4, 2012 Spectra Energy Reports First Quarter 2012 Results Reported net income from

More information

Financial Strategic Management

Financial Strategic Management Financial Strategic Management Resulta Corporate Consulting Cost, performance management & results maximization In a competitive & challenging market environment companies has to hire specialized services,

More information

Newsletter. Portuguese Economy and Energy Sector

Newsletter. Portuguese Economy and Energy Sector Newsletter Portuguese Economy and Energy Sector Q2, 2012 Economic News on Portugal The country has become a diversified and increasingly service-based economy since joining the European Community (EU).

More information

Training Module: Community Exporters

Training Module: Community Exporters Training Module: Community Exporters This training contains general information only and Deloitte is not, by means of this training session, rendering accounting, business, financial, investment, legal,

More information

MASTER LIMITED PARTNERSHIPS PRIMER

MASTER LIMITED PARTNERSHIPS PRIMER MASTER LIMITED PARTNERSHIPS PRIMER For more than 25 years, Master Limited Partnership (MLPs) have financed the expansion of our domestic energy infrastructure, delivering a wide variety of energy resources

More information

The Economic Benefits of Oil and Natural Gas Production: An Analysis of Effects on the United States and Major Energy Producing States

The Economic Benefits of Oil and Natural Gas Production: An Analysis of Effects on the United States and Major Energy Producing States August 2014 The Economic Benefits of Oil and Natural Gas Production: An Analysis of Effects on the United States and Major Energy Producing States THE PERRYMAN GROUP 510 N. Valley Mills Dr. Suite 300 Waco,

More information

Natural Gas Industry in Brazil: Regulatory Evolution, Market Development and Investment Opportunities

Natural Gas Industry in Brazil: Regulatory Evolution, Market Development and Investment Opportunities Natural Gas Industry in Brazil: Regulatory Evolution, Market Development and Investment Opportunities Guilherme de Biasi Cordeiro Department of Trade and Transportation of Liquid Hydrocarbons and Natural

More information

Energy Industries Council III BRAZIL-UK OIL & GAS MEETING: CO-OPERATION IN HUMAN RESOURCES & SKILLS DEVELOPMENT - Aberdeen - May 2012

Energy Industries Council III BRAZIL-UK OIL & GAS MEETING: CO-OPERATION IN HUMAN RESOURCES & SKILLS DEVELOPMENT - Aberdeen - May 2012 Connecting the UK and Brazil: a Platform for Training Excellence The and EICSuccess Energy Industries Council III BRAZIL-UK OIL & GAS MEETING: CO-OPERATION IN HUMAN RESOURCES & SKILLS DEVELOPMENT - Aberdeen

More information

2007 Interim results 26 th July. Sir John Rose John Cheffins Andrew Shilston

2007 Interim results 26 th July. Sir John Rose John Cheffins Andrew Shilston 2007 Interim results 26 th July Sir John Rose John Cheffins Andrew Shilston Continued evidence of long-term strength Accessing global demand and expanding global reach Developing the portfolio with new

More information

Criteria for adopting International Standards and Risk Assessments

Criteria for adopting International Standards and Risk Assessments Criteria for adopting International Standards and Risk Assessments February 2016 Criteria for Accepting International Standards and Risk Assessments 1 Table of Contents 1 About the Department... 3 2 The

More information

International Capitals and Foreign Exchange Market in Brazil

International Capitals and Foreign Exchange Market in Brazil International Capitals and Foreign Exchange Market in Brazil Updated October 2015 International Capitals According to Brazilian legislation, the concept of international capital is divided into foreign

More information

GE Kirby Anderson Policy Leader Energy Infrastructure

GE Kirby Anderson Policy Leader Energy Infrastructure GE Kirby Anderson Policy Leader Energy Infrastructure GE Energy Australia & New Zealand Level 18 127 Creek Street CITY QLD 4000 0457 507 389 kirby.anderson@ge.com December 12, 2011 Secretariat Clean Energy

More information

CURRICULUM VITAE. José Wanderley Marangon Lima

CURRICULUM VITAE. José Wanderley Marangon Lima CURRICULUM VITAE José Wanderley Marangon Lima Personal Data Name: José Wanderley Marangon Lima Institution: Federal University at Itajubá - UNIFEI Address: Av. BPS, 1303 37500-903 Itajubá MG Phone: +55

More information

Yokogawa Draws Up Transformation 2017, a New Mid-term Business Plan Three reforms for growth

Yokogawa Draws Up Transformation 2017, a New Mid-term Business Plan Three reforms for growth Name of Listed Company: Yokogawa Electric Corporation (URL: http://www.yokogawa.com) (Stock code: 6841, listed in TSE 1st section) Name and Position of the Representative: Takashi Nishijima, President

More information

Integrated Oil Companies

Integrated Oil Companies Integrated Oil Companies Loretta Bu Zhou Fang Suvayan Roy Patrick He Artur Shikhaleev Yang Zeng 1 Key Questions 2 Upstream, Midstream, Downstream, Equipment and Services Companies THE OIL SUPPLY CHAIN

More information

Central Banks and the Development Agenda The CBN Experience Sadiq Usman 1 Presentation Outline 2 Slide Introduction Brief on Nigeria The recent Banking Crisis CBN Developmental Activities CBN Interventions

More information

Informal Meeting of EU Environment Ministers Background document Session Green growth: greening the European Semester and the EU 2020 Strategy

Informal Meeting of EU Environment Ministers Background document Session Green growth: greening the European Semester and the EU 2020 Strategy Informal Meeting of EU Environment Ministers Background document Session Green growth: greening the European Semester and the EU 2020 Strategy 1) Introduction Milan, 16July 2014-15.00-18.00 The European

More information

February, 18-19, Houston, Texas,

February, 18-19, Houston, Texas, February, 18-19, Houston, Texas, Achieving The Most Cost and Schedule Effective Offshore Production of Oil and Gas Marcelo Accorsi Miranda rcelo Accorsi Miranda Senior Turbomachinery Advisor 36 years of

More information

Houston, Texas, USA. geothermal energy. maximum long term business impact. International Chevron business locations as needed.

Houston, Texas, USA. geothermal energy. maximum long term business impact. International Chevron business locations as needed. Job Title: Enterprise Architect, Solution Architect, Information Architect, and Technology Architect Requisition Number: 084529482 Job is available in these locations: San Ramon, California, USA Houston,

More information

Electricity market drivers

Electricity market drivers Daniel Assandri Head of Power Systems ABB (China) Ltd Electricity market drivers March 2008 Global T&D Market Drivers ABB Power Systems division - slide # 2 ABB s view on and market drivers The Americas

More information

Balance of Payments Accounting. (guidelines recommended by the IMF International Monetary Fund )

Balance of Payments Accounting. (guidelines recommended by the IMF International Monetary Fund ) Balance of Payments Accounting (guidelines recommended by the IMF International Monetary Fund ) To understand the factors that affect international trade and lending first requires basic knowledge of Balance

More information

Deutsch Brasilianische Wirtschaftstage - 2009. 01. September 2009

Deutsch Brasilianische Wirtschaftstage - 2009. 01. September 2009 Deutsch Brasilianische Wirtschaftstage - 2009 01. September 2009 Apex-Brasil The Brazilian Trade and Investment Promotion Agency was officially established in 2003 in partnership with national industry

More information

Spectra Energy Reports First Quarter 2009 Results

Spectra Energy Reports First Quarter 2009 Results Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 5, 2009 Spectra Energy Reports First Quarter 2009 Results Reported net income (controlling

More information

Business Developments in the Americas Selected US Lead Manager Corporate Bond Mandates

Business Developments in the Americas Selected US Lead Manager Corporate Bond Mandates Business Developments in the Americas Selected US Lead Manager Corporate Bond Mandates 22 Selected US Lead Manager ABS Mandates Selected Latin America Deals 23 Business Developments in the Americas The

More information

ENERGY INDUSTRY INSURANCE SOLUTIONS

ENERGY INDUSTRY INSURANCE SOLUTIONS Summer 11 ENERGY INDUSTRY INSURANCE SOLUTIONS ELECTRICITY PRICE & FORCED POWER OUTAGE COVERAGE WEATHER DERIVATIVES SYSTEM PERFORMANCE INSURANCE TRADE CREDIT INSURANCE ACCOUNTS RECEIVABLE PUTS NON CANCELLABLE

More information

Liberia Leasing Investment Forum

Liberia Leasing Investment Forum Finance Leasing in Liberia: Unlocking Accelerated Market and Business Development Adopting Best Practice Models to Make Leasing Work in Liberia Minerva Kotei Monrovia, A 40 Year Commitment to Leasing A

More information

Ministry of Development, Industry and Foreign Trade. Igor Manhães Nazareth Director of Innovation

Ministry of Development, Industry and Foreign Trade. Igor Manhães Nazareth Director of Innovation Ministry of Development, Industry and Foreign Trade Igor Manhães Nazareth Director of Innovation Table of Contents 1. Overview of Innovation Environment 2. Policies, Plans & Programs to Support Innovation

More information

investigating where the oil industry puts it money, then find programs that emulate that, i.e. follow the money.

investigating where the oil industry puts it money, then find programs that emulate that, i.e. follow the money. WHY SHOULD FINANCIAL PLANNERS CONSIDER DIRECT OIL & GAS INVESTMENT PROGRAMS FOR THEIR CLIENTS? BY Martin J. Cohen, Cfp tm And Steven King, President Petroinvest Llc Should asset allocation in direct participation

More information

Export Import Bank Financing Programs

Export Import Bank Financing Programs Export Import Bank Financing Programs The Export Import Bank of the United States (Ex Im Bank) is the official export credit agency of the United States. Ex Im Bank assists in financing the export of U.S.

More information

Q2 and Half-Year 2010 Results

Q2 and Half-Year 2010 Results Q2 and Half-Year 2010 Results July 27, 2010 27.07.2010 1 Key financials in billions of Q2 2009 Q2 2010 Revenue 19.6 25.1 EBIT Net profit (loss) Earnings (loss) per share (in ) (1.0) (1.1) (0.99) 2.1 1.3

More information

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015

More information

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper C&I LOAN EVALUATION & UNDERWRITING A Whitepaper C&I Lending Commercial and Industrial, or C&I Lending, has long been a cornerstone product for many successful banking institutions. Also known as working

More information

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES MYANMAR. Schedule of Specific Commitments. (For the First Package of Commitments)

ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES MYANMAR. Schedule of Specific Commitments. (For the First Package of Commitments) ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 1/SC1 MYANMAR Schedule of Specific Commitments (For the First Package of Commitments) 1 MYANMAR - SCHEDULE OF SPECIFIC COMMITMENTS Modes of Supply: 1) Cross-border

More information