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Research activity and project outlines. The group is involved in all aspects of the oil industry from exploration and production to refining and marketing and it is also strong in the chemicals market. Actual business operations began in It remains the only one to this day. The last change of name to Total Kenya Limited was registered on June 11, It was the first oil company in Kenya to be awarded the ISO certification for its service station network and for its customer order delivery process.
The certification upgrade to ISO Total Kenya recently acquired six Elf service stations bringing the number of service stations operated by Total to The range of products and services offered by the Company include: The company is also strong in the area of industrial lubricants and has established a laboratory for the testing of such lubricants. It is the only facility of its kind in East Africa.
The company also supplies bulk gas to institutional customers. It is also active in aviation fuels and the supply of bitumen. The company has become one of the country's major oil and gas marketing companies with over one hundred service stations and a market share of The Government deregulated the downstream petroleum market operations in These reforms included liberalization of distribution and pricing of petroleum products and partial liberalization of product supply.
In Kenya the energy sector is governed by the Energy Act No. The Energy Act is a comprehensive piece of legislation that encompasses the petroleum and natural gas, electrical energy and renewable energy sectors. In the ERC embarked on drafting regulations to control pump prices. The Energy Act requires all proposed regulations to be recommended by the ERC to the Minister for Energy after consultations with the public.
Although the National Energy Policy of states clearly that government will let market forces determine prices, during the Parliamentary readings of the Energy Bill a last minute clause was inserted in section giving the Minister for Energy power to make regulations determining the retail prices of petroleum and petroleum products. Accordingly the ERC in line with its function of protecting consumer and stakeholder interests has recommended regulations that will control pump prices The regulations propose a formula for pump prices which incorporates the crude or refined product prices, freight, local transportation costs, financing, insurance, the refinery processing fees, taxes and a profit margin.
The proposed pump price regulations have attracted resistance from oil marketers who would prefer to have the market forces and competition control pricing. The regulations have been viewed by economists as taking the country back to the pre days before the industry was liberalized. There is mention of a possible suit by wholesalers who claim that the Energy Act only empowers the Minister to determine retail prices and not wholesale prices as the regulations propose to do.
Total Kenya is to pay Sh3. The transaction is to be financed through the creation of A, established a new subsidiary Total Marketing Kenya for the deal. TKL has received all relevant approvals for the transaction, including the approval of the Capital Markets Authority for the issue of the shareholders circular.
After the buyout, Total Marketing Kenya will operate, the Caltex-branded service stations, one terminal, seven fuel depots, six aviation facilities and one lubricants blending plant. A rebranding process of the former Caltex pump stations had also been rolled out in line with the acquisition.
Research Research Research activity and project outlines. Household Data on Microcredit Study in Indonesia. Company Profile and History. Unaudited Results for the 3 Months Ended 31 March Benefits Offered and Relations with Government. Economics Society Politics Law. Books The Developing Economies.