Translation of "Compagnie nationale des pétroles " (French → English) :

R. whereas China's oil imports multiplied almost five-fold between 1995 and 2005, turning China into the second largest oil importer worldwide and equalling the EU in terms of supplies imported from Africa; whereas CNPC (a Chinese State-owned oil company) controls an estimated 60% to 70% of Sudanese oil production; whereas in 2006 Angola was China's largest oil supplier; whereas China already imports about 28% of its oil and gas from Sub-Saharan Africa; whereas African oil exports to China are expected to grow in the coming years,

R. whereas China's oil imports multiplied almost five-fold between 1995 and 2005, turning China into the second largest oil importer worldwide and equalling the EU in terms of supplies imported from Africa; whereas CNPC (a Chinese State-owned oil company) controls an estimated 60% to 70% of Sudanese oil production; whereas in 2006 Angola was China's largest oil supplier; whereas China already imports about 28% of its oil and gas from Sub-Saharan Africa; whereas African oil exports to China are expected to grow in the coming years,

R. whereas China's oil imports multiplied almost five-fold between 1995 and 2005, turning China into the second largest oil importer worldwide and equalling the EU in terms of supplies imported from Africa; whereas CNPC (a Chinese State-owned oil company) controls an estimated 60% to 70% of Sudanese oil production; whereas in 2006 Angola was China's largest oil supplier; whereas China already imports about 28% of its oil and gas from Sub-Saharan Africa; whereas African oil exports to China are expected to grow in the coming years,

Indeed, we continue to collectively encourage Petrobras to open a buying office in Calgary, as other national oil companies have done, because it's an excellent way for them to be closer to Canadian capability.

- 2 - CHANGES IN THE MAIN RULES GOVERNING COMMUNITY AIRLINES OPERATING LICENCES Prior to 1986 Each Member State decided its own rules for awarding licences. The only rights the national airline of one Member State had in another State were those granted under bilateral agreements concluded between the Member States concerned. As from 1993 Criteria have been agreed for granting licences to national airlines. The requirements laid down by the Community concern: . the place where the company headquarters are established; . who holds the ...[+++] capital and the need for the company to be controlled by nationals of Community Member States; . the airlines' financial capacity; . civil liability insurance; . safety. National airlines have Community status and will benefit from the advantages afforded by Community legislation (freedom to provide services anywhere in the Community). AIR FARES AND AIR CARGO RATES Prior to 1986 Both Member States at either end of a route had to approve a fare before it could be applied on routes between those States (double approval).

On the basis of that principle, the Commission has dealt differently with two categories of joint venture agreement between airlines: - it has granted individual six-year exemptions for three agreements concluded between a national carrier and a smaller airline1 in respect of the introduction of new services, while at the same time reserving the right to reassess the economic and legal situation in two years time; ./. Air France - NFD Luftverkehrs AG (Paris-Nuremberg); Air France - Brymon (Paris-London City Airport); Sabena - London City Airways (Brussels-London City Airport). - 2 - - it has expressed doubts concerning six other agree ...[+++]ments concluded between national carriers and involving routes already operated for some time,2 pointing out that the airlines have not demonstrated that the joint venture agreements are essential for maintaining the routes in question and that the joint operation is likely to eliminate or affect appreciably all current or potential competition on the market for transport between the cities concerned.