With good governance, they can provide assurance to customers, shareholders and regulators that the company’s businesses are being appropriately managed and controlled, and to ensure that the directors lead the company in the best interest of the stakeholders. Without doing this, principle agent problem might occur. They have a sufficient risk committee controlled by non–executives that are able to challenge decisions. The company has an Annual general meeting, which gives their shareholders the opportunity to submit questions and concerns that would be dealt with at the meeting beforehand. They also ensure that external prospects about the governance of the company remain satisfied in an efficient and proper manner in the long-term interests of shareholders and others.
It represents all refinery unit fields, utility consumption, unit capacities, as well as product blending operations of the refinery by means of an objective function subject to several constraints. The objective is to maximize the profit as the special purpose of linear programming is used for the Ras Tanura Refinery planning. This model was developed as a result has proven that it is highly effective for solving blended problems. Hence, Ras Tanura special emphasis is to generate great revenues and maximize profit. This refinery is said to be the oldest and best refinery of Saudi Arabia because it produces 550,000 barrels per day of oil,
The vision is to become a company committed to global growth by providing diversified value that is uniquely available from the JT Group. The mission is to create, develop and nurture our unique brands to meet consumers ' needs, while understanding and respecting the environment and the diversity of societies and individuals. Tobacco Industry Japan Tobacco Group of Companies (JT) is the world 's third largest international tobacco company. The JT Group is a leading international tobacco company with operations in over 70 countries. A global company doing business around
The first step to take is have the President of Company draft an annual letter to employees supporting the Code of Ethics and Code of Business Conduct. This will show staff a commitment to enforce the Code of Ethics and Code of Business Conduct. The next step to take is to implement an incentive program. Incentives like gift card or other rewards for those staff that follow the Code of Ethics and Code of Business Conduct will promote the implantation of it. Another step to be taken is a monthly staff recognition program.
The corporation's cross–country network of crude oil and product pipelines, spanning over 10,000 km and the largest in the country, meets the vital energy needs of the consumers in an efficient, economical and environment–friendly manner. They are backed for supplies by 167 bulk storage terminals and depots, 101 aviation fuel stations and 89 Indane (LPG) bottling plants. About 7,335 bulk consumer pumps are also in operation for the convenience of large consumers, ensuring products and inventory at their doorstep. The
4. The petrochemical Industry in Algeria: Algeria’s petrochemical industry have been developed using hydrocarbon feedstock from its well-developed oil industry. The country‘s aim to produce an integrated. Wide -ranging petrochemical industry to reduce Algeria ‘s dependence on imports and increase the export of petrochemicals and fertilizers.The Algerian petrochemical industry is one the largest in Africa and contributes substantially to the country ‘economy and is dominated by Sonatrach, the Algerian national oil company which is responsible for the management of the country ‘s oil related industries . Through its subsidiary activities Sonatrach owns petrochemical facilities and fertilizer plants the first company was the enterprise national
Nowadays, PETRONAS plays a major role in the country’s economy as it provides a large income for the country, with 45% of the government’s budget. They continue to maintain this role in controlling the growth of the industry through its new founding of oil wells and also help to provide new opportunity for other local companies to improve and be able to survive with the momentum of the industry’s growth. (E.T. Programme,
Palm oil originated from foreign country then bring to Southeast Asia through activity that been done by ancient people like travel around and trading between two country. Then palm oil had been expanding wisely at Malaysia due to its high value. Malaysia has a large plantation, every time the palm oil factory product palm oil will leave over a lot of Palm kernel shell (PKS). PKS could be use in biomass to generate electricity power. Biomass nowadays considers as one of the way to generate electricity that friendly to environment and could be replace the traditional way to generate electricity.
The corporation have 11,200km pipeline network for transportation crude and petroleum products. The capacity for petroleum products and crude oil throughout is 80.49 MMTPA and for gas is MMSCMD. This network is largest in country and meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. Loyalty programs like XTRAPOWER Fleet Card Program is aimed at Large Fleet
1.0 Introduction About PETRONAS PETRONAS, the acronym for Petroleum Nasional Berhad is Malaysia’s leading international petroleum corporation and it was established in 17 August 1974.Under the leadership of Tan Sri Hassan Marican, PETRONAS has transformed into a global company by business joint ventures with overseas partners and with oil explorations. PETRONAS is also listed in FORTUNE GLOBAL 500’s largest companies in the world. While playing the role of a custodian for Malaysia’s national reserves, PETRONAS source, produce and deliver products to meet society’s growing energy needs. PETRONAS apply innovative approaches to technology which helps them to maximise energy sources from even the most remote and difficult situations. The growing