*connectedthinking The importance of a regulatory framework and control environment to attract foreign investment for the Colombian oil supply Agencia.

Presentación del tema: "*connectedthinking The importance of a regulatory framework and control environment to attract foreign investment for the Colombian oil supply Agencia."— Transcripción de la presentación:

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2 *connectedthinking The importance of a regulatory framework and control environment to attract foreign investment for the Colombian oil supply Agencia Nacional de Hidrocarburos December 9, 2004

3 PricewaterhouseCoopers 3 Sarbanes-Oxley Support in Congress YESNONo Vote Sarbanes- Oxley 52239 Utilize Force in Iraq 37315612 Securities Reform 38713015 Legalize Marijuana 9331031

4 PricewaterhouseCoopers 4 Federal Sentencing Guidelines SO Section 906 Certification without compliance10 to 20 years Escape from prison1 to 2 years Kidnap involving ransom3 to 5 years Second degree murder11 to 14 years Air piracy20 to 25 years

5 PricewaterhouseCoopers 5 COSO Cube

6 PricewaterhouseCoopers 6 La ANH frente al abastecimiento Source: Agencia Nacional de Hidrocarburos

7 PricewaterhouseCoopers 7 Elements of Control Tone at the Top Risk Assessment Control Activities Information and Communication Monitoring

8 PricewaterhouseCoopers 8 Many interests must be considered Colombian Investment Investor ANH PwC SEC Shareholders

9 PricewaterhouseCoopers 9 Joint Ventures Thoughts on moving forward

10 PricewaterhouseCoopers 10 Thoughts on moving forward China Venezuela México COLOMBIA West Africa Middle East Indonesia Russia

11 PricewaterhouseCoopers 11 Controls are necessary and desirable Proper regulations will encourage growth Choose your partners wisely. Summary

12 PricewaterhouseCoopers 12 Position of PwC in Petroleum Industry Significant clients of PwC Chevron Texaco ExxonMobil BP Shell Yukos Pemex Ecopetrol Petro China

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