More carmakers caught in headlights of VW engine-rigging scandal

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Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

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Iran's 'catastrophic mistake': Speculation, pressure, then admission

Iran's 'catastrophic mistake': Speculation, pressure, then admission
Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

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A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

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Leaders see horror of French Alps crash as probe gathers pace

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"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Friday, June 1, 2007

Shell positioning for entry in Indonesia subsidized fuels market

Posted by Royal Dutch Shell Plc.com at May 29th, 2007

Jakarta (Platts): 29 May 2007

Malaysia’s Petronas and Royal Dutch Shell plan to set up gas stations outside the main Indonesian island of Java this year, a move that could pave the way for their entry into the country’s huge subsidized fuel market.

The two companies, the only foreign players in the Indonesian downstream sector that has long been dominated by state-owned Pertamina, set up retail outlets and began selling high-octane gasoline in late 2005. So far the two have limited themselves to selling 92 and 95 RON gasoline, as the prices of these products are market-determined. Lower-octane gasoline, as also gasoil and kerosene, are all heavily subsidized by the Indonesian government.

Following the country’s downstream deregulation, the government appointed Pertamina to be responsible for the distribution of subsidized fuel, as it is the only company with the necessary infrastructure to do so. The government compensates Pertamina for selling fuel below cost according to an agreed formula that guarantees it a certain margin on the sales. Foreign companies interested in selling subsidized fuels have been assured they will be compensated by the government on the basis of a 14.1% premium on international market rates.

The government has initially approved a 14.1% premium for 2006-2007. It is aimed at covering the company’s distribution costs, taxes and freight, plus afford it a marketing margin. The rate is to be revised annually.

However, to qualify for subsidized fuel distribution, the new entrants need to have at least two gas stations, in two different geographical areas. For this purpose, the vast archipelago has been carved out into four regions: Java; Sumatra; Kalimantan, Sulawesi, Maluku and Papua; West Nusa Tenggara Barat and East Nusa Tenggara.

Shell and Petronas’ plans to open gas stations outside Java is a “positive signal for our investment [climate],” said downstream director at the Oil and Gas Directorate General, Erie Soedarmo. Shell currently has ten gas stations in Indonesia, and plans to open 400 by 2010. The major has expressed interest in selling subsidized fuels, official sources said.

Petronas’ intentions regarding entry into the subsidized fuels market are not known, but the company has plans to grow its current network of six retail outlets to 557 by 2011.

Pertamina’s obligation to supply subsidized fuel all over the country extends to the end of this year. After that, upstream regulator BPHMigas has said a company would be appointed to sell subsidized fuels, provided it meets the condition of having retail infrastructure in at least two commercial areas in the country.

–Anita Nugraha, newsdesk@platts.com
Posted by Cempaka at 9:26 AM
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