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

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

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

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

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

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

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

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

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

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

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

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

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

How To Help The People Of Brazilian Powerplant

How To Help The People Of Brazilian Powerplant 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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

How To Play Subsalt

How To Play Subsalt Potential Impacts for the Brazilian Economy: Case study. VIII Britcham International Seminar Mauro Andrade [email protected] Petroleum Services, November 2008 Sub-Salt Cluster Context Block BM-S-8

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

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

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

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 [email protected] 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

How to Reduce the Cost of Oil and Gas

How to Reduce the Cost of Oil and Gas 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

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

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

How To Promote A Green Economy In The European Constitution

How To Promote A Green Economy In The European Constitution 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

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

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

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

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

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

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

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

IV. Extending Taiwan s Vocational Education System to Central America

IV. Extending Taiwan s Vocational Education System to Central America IV. Extending Taiwan s Vocational Education System to Central America Taiwan s Technical and Vocational Education Development Experience Hailed as an economic miracle, Taiwan s economic growth over the

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

ENERGY REFORM. Strengthen the stewardship of the State as the owner of the oil and gas, and as regulator of the oil industry.

ENERGY REFORM. Strengthen the stewardship of the State as the owner of the oil and gas, and as regulator of the oil industry. I. The Objectives of the Reform. The bill being submitted by the Federal Executive for the consideration of the Congress of the Union, proposes that Constitutional Article 27 return to state what President

More information

A NON BANK INVESTORS VIEW. MARKET 8 October, 2013. STANLIB Kenya Limited

A NON BANK INVESTORS VIEW. MARKET 8 October, 2013. STANLIB Kenya Limited A NON BANK INVESTORS VIEW ON THE REGIONAL LOAN MARKET 8 October, 2013 K th K i Chi f I t t Offi Kenneth Kaniu Chief Investment Officer, STANLIB Kenya Limited Group Structure Loan Market Association STANLIB

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

Oil and Gas Capital Expenditure Outlook, 2012

Oil and Gas Capital Expenditure Outlook, 2012 Brochure More information from http://www.researchandmarkets.com/reports/2017870/ Oil and Gas Capital Expenditure Outlook, 2012 Description: Oil and Gas Capital Expenditure Outlook, 2012 Summary Oil and

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

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

Long-term Vision and Medium-term Business Plan of the Osaka Gas Group

Long-term Vision and Medium-term Business Plan of the Osaka Gas Group Long-term Vision and Medium-term Business Plan of the Osaka Gas Group President Hiroshi Ozaki Field of Dreams 2020 Osaka Gas has formulated a long-term vision for the year 2020 to guide the Group s business

More information

A Program of New Carolina South Carolina's Council on Competitiveness

A Program of New Carolina South Carolina's Council on Competitiveness A Program of New Carolina South Carolina's Council on Competitiveness 1411 Gervais Street, Suite 315 Columbia, SC 29201 Phone (803) 760 1400 Fax (803) 760 1401 www.its sc.com Research and support provided

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

Offshore Conference - Esbjerg. Presentation. Oil Gas Denmark. 18 June 2013. page 1

Offshore Conference - Esbjerg. Presentation. Oil Gas Denmark. 18 June 2013. page 1 Offshore Conference - Esbjerg Presentation Oil Gas Denmark 18 June 2013 page 1 Topics for today OGD People in the pipeline as an industry area of main focus Potential in the North Sea challenges ahead

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

BUSINESS FINANCING IN TANZANIA (CHALLENGES & OPPORTUNITIES)

BUSINESS FINANCING IN TANZANIA (CHALLENGES & OPPORTUNITIES) BUSINESS FINANCING IN TANZANIA (CHALLENGES & OPPORTUNITIES) 1 The Agenda Why long term financing? The current status and existing alternatives Challenges of raising long term capital in Tanzania Capital

More information

Lands and Economic Development Programs at a Glance

Lands and Economic Development Programs at a Glance Lands and Economic Development Programs at a Glance Annex A: Aboriginal Entrepreneurship Programs At a Glance Supporting Aboriginal entrepreneurship leads to greater participation in the economy and improved

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

Outdoor Retailer Summer Market and the International Buyer Program: Maximize Your Opportunity

Outdoor Retailer Summer Market and the International Buyer Program: Maximize Your Opportunity Outdoor Retailer Summer Market and the International Buyer Program: Maximize Your Opportunity U.S. Commercial Service: Dustin Ross IBP Project Officer Dave Fiscus Trade Specialist, Salt Lake City Jennifer

More information

Corporate presentation

Corporate presentation Corporate presentation Table of Contents 1. Liquefied Natural Gas What is Liquefied Natural Gas (LNG)? Natural gas within the global energy context. The value chain of natural gas. Demand and transport

More information