Sentences with phrase «foreign oil producers»

Represented the Republic of Ecuador in two ICSID cases brought by foreign oil producers to challenge an Ecuadorian law establishing State participation in windfall oil profits resulting from an unforeseen rise in prices.

We simply won't have the money because it will have been shipped overseas to foreign oil producers.

Represents the Republic of Ecuador in an UNCITRAL Rules arbitration under the Ecuador - United States bilateral investment treaty with respect to claims by a foreign oil producer challenging an Ecuadorian law establishing State participation in windfall oil profits resulting from an unforeseen rise in prices.

Not exact matches

Sinclair attributes the higher prices to a combination of factors including «the effects of the production cutbacks by OPEC and non-OPEC foreign producers finally kicked in, not to mention speculative money going into crude oil futures.»

Canada is now the 6th largest oil producer in the world and the largest foreign supplier of oil to the USA.

Seeing an opportunity to take up the gauntlet, the Mexican finance and foreign ministries are working hard on a plan to become the region's new reigning oil producer.

When the U.S. payments deficit pumps dollars into foreign economies, these banks are being given little option except to buy U.S. Treasury bills and bonds which the Treasury spends on financing an enormous, hostile military build - up to encircle the major dollar - recyclers China, Japan and Arab OPEC oil producers.

It's why a project that's really about exporting raw bitumen to foreign refineries is instead being sold as a way to reduce the risks to Canada of buying oil from far - flung producers.

KAMPALA, Uganda (AP)-- Uganda's government on Tuesday issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

Cruise lines, craft beer and wine producers (even foreign ones), car dealers, private equity, and oil and gas pipeline managers did particularly well in the congressional frenzy to rewrite the tax code.

Africa's biggest economy and top oil producer is reeling from the fall in crude revenues, the source of 95 percent of foreign earnings, which has led to the naira hitting record lows on the parallel market amid dwindling foreign exchange reserves.

The other wealthiest Middle Eastern oil producers, such as Kuwait and the United Arab Emirates, are also tapping their foreign currency reserves for the first time in about 20 years to bridge the gap in revenue.

State - controlled oil producer OAO Rosneft said it has paid back $ 7 billion of a bridge loan it had taken to acquire TNK - BP, the largest foreign debt repayment by a Russian company since Western sanctions were imposed.

It is significant that, more than twenty years later: — all but one of these strategic recommendations have been successfully implemented, and — Canada is now the 6th largest oil producer in the world, and the largest foreign supplier of oil to the USA.

In fact, the US might increase oil imports since foreign producers won't be saddled with the carbon taxes or permit fees contained in McCain Lieberman approach.

Dr. Thorning: S. 2028 might well increase dependence on foreign oil since producing domestically will become even more costly due to the need for producers to pay for the right to emit carbon as they produce oil, gas and coal.

And they warn that investing billions of dollars in oil transportation will lock the U.S. into continued dependency on an increasingly heavy type of imported crude that will drive up emissions both from the foreign producer and the domestic refiner.

«International firms that do establish a presence in the Calgary market will likely be acting for foreign investors rather than existing oil and gas producers, at least for the near term,» says Burnet energy partner Alicia Quesnel.

This is important given the country's enormous potential in natural resources (Angola has become the lead African oil producer ahead of Nigeria), which is of particular interest to foreign investors involved in transactions with an Angolan element.