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Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized economies. This paper has five chapters. Chapter one describes the key features of upstream, midstream, and downstream petroleum operations and how these may impact value creation and policy options. Chapter two draws on ample literature and discusses how changes in the geopolitical and global economic environment and in the host governments' political and economic priorities have affected the rationale for and behavior of National Oil Companies' (NOCs). Rather than providing an in-depth analysis of the philosophical reasons for creating aNOC, this chapter seeks to highlight the special nature of NOCs and how it may affect their existence, objectives, regulation, and behavior. Chapter three proposes a value creation index to measure the contribution of NOCs to social value creation. A conceptual model is also proposed to identify the factors that affect value creation. Chapter four presents the result of an exploratory statistical analysis aimed to determine the relative importance of the drivers of value creation. In addition, the experience of a selected sample of NOCs is analyzed in detail, and lessons of general applicability are derived. Finally, Chapter five summarizes the conclusions.
There are many things and services in our everyday life that we take for granted, and telecommunications is one of them. We surf the internet, send emails to friends and colleagues abroad, talk to family members in foreign countries over the phone, book airline seats and make banking transactions without actually realizing and appreciating the sophisticated technology that enables us to do so. This report covers the history and nature of cables, their special status in international law, their interaction with the environment and other ocean users and, finally, the challenges of the future. It is an evidence-based synopsis that aims to improve the quality and availability of information to enhance understanding and cooperation between all stakeholders. UNEP-WCMC in collaboration with the International Cable Protection Committee and UNEP has prepared this new report to provide an objective, factual description of the sub-marine cable industry and the interaction of submarine telecommunications (which route 95% of all international communications traffic) with the marine environment. This important report seeks to focus and guide deliberations and decision making on the wise conservation and protection of the oceans in concert with their sustainable management and use.
* Clear and concise, information is analysed and presented in both a resource-by-resource and country-by-country approach * Comprehensive, the outlook for seventeen energy resources including all major fossil and renewable resources is evaluated* Free CD-Rom will help electronic navigation of this comprehensive resourceThe Survey of Energy Resources (SER) is a unique and authoritative publication produced by the World Energy Council every three years, since 1934. SER presents a comprehensive global picture of resource availability, production and consumption levels, technological developments and outlook for seventeen energy resources, including all major fossil and renewable resources. Each resource is covered in a separate chapter which comprises a commentary by a leading expert in the field, data tables and country notes. The information contained is the best available from a wide variety of sources. The SER is published every three years in line with WEC's work cycle, culminating in publication at the World Energy Congress.The 20th edition of SER will be published at the time of the 19th World Energy Congress (Sydney, September 2004).* Provides global and country specific comprehensive information and data* Provides authoritative information in a compact and user-friendly format * Best available data from a wide variety of sources
This report considers the biological and behavioral mechanisms that may underlie the pathogenicity of tobacco smoke. Many Surgeon General's reports have considered research findings on mechanisms in assessing the biological plausibility of associations observed in epidemiologic studies. Mechanisms of disease are important because they may provide plausibility, which is one of the guideline criteria for assessing evidence on causation. This report specifically reviews the evidence on the potential mechanisms by which smoking causes diseases and considers whether a mechanism is likely to be operative in the production of human disease by tobacco smoke. This evidence is relevant to understanding how smoking causes disease, to identifying those who may be particularly susceptible, and to assessing the potential risks of tobacco products.
Mainland China businesses are going global, transforming the country from a manufacturing export platform into an overseas investment powerhouse. China Goes Global is the most thorough and up-to-date empirical analysis of the accelerating effort of Chinese companies to go global by investing overseas. It details the overall trends of this activity with respect to its sectors, channels, overseas targets, and particular firms, along the role of Chinese Government policy in facilitating business enterprise globalization. The book offers readers an enterprise level of view outward expansion by Chinese firms that is focused not only on the big-names, but also less well-known, but equally important trailblazing enterprises. In doing so it offers practical suggestions on how firms can tackle the challenges encountered when expanding outward.