PDF Publication Title:
Text from PDF Page: 028
Belize Energy Sector Diagnostic PUC 28 operators do not compete on the basis of price, as pump prices are regulated by GOB.76 Since each retailer has its own blending recipe, they do compete on the basis of quality and product differentiation, customer service and the ability to build a loyal customer base by offering credit and other services valued by their customers. Available market share information77 suggests that Esso has the largest share in the Industrial segment with 44.1% of the market. Shell and Texaco share the remainder with 27.5% and 28.4% respectively. In the general retail market, Esso has the lowest share at 28.9%, while Texaco has the highest at 40.4%78. Shell Belize, owned jointly by Asiatic Petroleum Company Limited and Shell Petroleum Ltd., both registered in London, owns eight (8) distribution stations. Six (6) other stations bearing its brand are owned by independent franchisers, although the company owns the tanks, the pumps and the canopies used. Esso owns (4) and fifteen (15) franchisers carry its brand. Texaco, owned by the Chevron Texaco Corporation of the United States participates with twenty-nine (29) retailers; however they declined to provide ownership information.79 Losses due to evaporation at the pump were not recorded by any of the retailers and spillage rates for those who measured, were not shared. Shell stated that losses above one pint are reported from the retail stations.80 According to Shell, last year and through the first quarter of this year, they have not been meeting their revenue forecasts or expected growth rates. Shell’s Annual report for 2002 states a gross profit percentage decrease of just under 1%, when compared to the previous year.81 According to the company, this is due in large part to the Commercial Free Zone and the illegal black market activity associated with it.82 In the retail market barriers to entry are significant as market distortions in price persist and there are few opportunities to exploit economies of scale. Regulatory Environment Research could discern no coordinating authority, regulatory organization or Ministry with oversight responsibility for the petroleum products industry, although officially, the Ministry with the portfolio for energy is the Ministry of Works, Transport and Communications. What does exist is a network of government ministries and departments with varying interests in the petroleum sector. Annex 8 provides a listing of the government ministries and departments involved in some aspect in the petroleum products industry. It is worthy of mention that regulations pertaining to the transportation of fuel via truck (currently unregulated) appear imminent. In early 2003, a bill seeking to regulate fuel transportation was brought before the House of Representatives. The bill proposed to create and give recognition to the Petroleum Haulers Association, and to assign to that body inter alia, the responsibility for regulating the haulage of petroleum. The bill 76 This is addressed more below 77 Available only as of August 2002. Thereafter, individual companies stopped sharing that type of information with the competition and were reluctant to provide it to the researchers on that basis. 78 This is logical when compared to the number of retail outlets. Texaco has the highest numbers here 79 Neri Briceno, Senior Marketing Consultant, Texaco, personal communication (email) September 4, 2003. 80 Joseph Habet, Country Representative, personal communication, telephone September 3, 2003 81 Shell Belize Limited, Financial Statements, December 31, 2002 82 ibid, where duty free fuel for export is illegally sold at a fraction of the normal price on the local marketPDF Image | Energy for Sustainable Development Toward a National Energy Strategy for Belize Energy Sector Diagnostic
PDF Search Title:
Energy for Sustainable Development Toward a National Energy Strategy for Belize Energy Sector DiagnosticOriginal File Name Searched:
84Energy_Strategy.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |