Petroecuador (Ecuador) and Sinopec (China) Oil Joint Venture

Executive power is vested in the office of the President of the United States. The President has the dual role of being the chief of state and the head of government. The President is also commander in chief of the armed forces. He issues executive orders, and appoints Supreme Court justices (with senate approval). The president is also called "the chief legislator" because he indirectly proposes many bills, considers all bills from Congress and signs them into law or vetoes them.

Pecom, compañía petrolera de Argentina, desde sus inicios fue ganando terreno en la industria del petróleo avanzando a buen ritmo a través del paso de los años. Desde la obtención de su primera concesión, hasta el inicio de operaciones en diversos países sudamericanos, Pecom se fue consolidando como una empresa fuertemente integrada verticalmente.

Even though the authority of this field is split into three positions, the president, congress, and the senate. The president's position is dominant. The constitution designates him as the “Commander in Chief of the Army and Navy of the United States.” Leadership in foreign affairs must flow from the president or it will not flow at all. In times of peace he raises, trains, supervises, and deploys the forces that congress is willing to maintain.

The fundamental part of the president's is the Head of State. This segment needs the president to be an amplifying case for the individuals. In a couple of nations, the head of state could be a king or a queen who wears a crown on remarkable occasions, acclaims national events, and pose for the best values and guidelines of the country. The Chief of State is the current picture of the State. It's contemplated a stunning honor for anybody to meet the president. The second occupation is the Chief government. The president is the "manager" for scores of government staff in the Executive Office of the President that he or she picks. However, the law of the U.S picks powers and advisors to run the official Branch. The third one is that the Chief Diplomat. The president picks what American mediators and negotiators may tell outside governments. With the assistance of advice, the president makes the approach of the u. s. The fourth one is Commander-In-Chief. The president is in charge of the U.S. Military. The president picks wherever troops ought to be situated, wherever transports may be

The U.S. President is the president of the U.S. military. He additionally manages each state civilian army if the local army is called vigorously for the United States. In spite of the fact that the President can go into arrangements with different countries, a settlement requires endorsement from the Senate. The President likewise makes assignments for judges of the U.S. Incomparable Court, and his arrangements are likewise subject to endorsement of the U.S. Senate. He likewise makes suggestions to Congress as to enactment that he trusts matters to the matter of the

The president doesn’t have complete control over foreign policy, so there are cabinet departments, intelligence agencies, congress and the courts, state and local governments, and the military-industrial complex to help out. The department of state engages diplomacy with other nations, the department of diplomacy coordinates the American military around the world, and the department of homeland security deals with natural disasters and protects America from terrorist attacks. State and local governments consult business deals with many foreign governments. The congress has a lot to do

The President of the United States is often considered the most powerful elected official in the world. The President leads a nation of great wealth and military strength. Presidents have often provided decisive leadership in times of crisis, and they have shaped many important events in history. The President has many roles and performs many duties. As chief executive, the President makes sure that federal laws are enforced. As commander in chief of the nation's armed forces, the President is responsible for national defense. As foreign policy director, the President determines United States relation with other nations. As legislative leader, the President recommends new laws and works to win their passage. As

Other than an extremely broad outline of who should participate in the process, there are no laws or regulations directing how policy decisions should be made. Much depends on upon personalities and the strengths and weaknesses of the people who work for the President, as well as the personality and management style of the President himself. The NSC as the President's principal forum.

Galeano portrays this moment in Latin American history as the instant U.S investors took control over the industries. He details the dangers they went through when producing one item to export for the benefit of foreigners, and how they later imported the processed goods from those same foreign countries, injecting money only overseas. The fact that Latin America needed imports to survive initiated the imperial link the U.S has upon it. As stated by Galeano, “The growing dependence on foreign supplies produces the growing identification of the interest of U.S. capitalists operating in Latin America with U.S. national security”11, bluntly showing the relationship between the United States and Latin America. “With petroleum, as with coffee or meat, rich countries profit more from the work of consuming it than do poor countries from the work of producing it”12. Because profit was not being retained in the Latin American countries, nationalization of the industries became of importance. The United States offered intervention in order to protect everyone’s interests with the proposal of free trade, but this was no more than another manipulation to continue having power over Latin America and its resources: “Latin America’s big ports, through which the wealth of its soil and subsoil passed en route to distant centers of power, were being built as instruments of the conquest and domination of the countries to which they belonged, and as conduits

João Nogueira Batista, Chief Financial Officer of the Brazilian firm Petrobras, reflected on Gros’s words as he prepared for a Board of Directors meeting in July 2002. The main item on the Board’s agenda was the proposed acquisition of an Argentinean firm, the Perez Companc Group, or Pecom.2 The acquisition would significantly increase Petrobras’s oil and gas production and add to its oil reserves. It would also provide the mainly Brazilian-based

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

One of the main features of Ecuador ’s economy is its dependence on only a few key export commodities, most importantly oil and bananas. Oil accounts for approximately 40% of the export economy, while bananas are responsible for about 17%, and Ecuador is the largest producer of bananas in the world. The rest of the economy is mostly based on less important agricultural exports, such as shrimp and flowers, which account for 6% and 4% of exports respectively. Ecuador is almost completely reliant on the success of these few industries, particularly oil, and so has suffered through a cycle of boom and bust economies over the past several decades, since oil was discovered in the 1970s.

The President almost always has the primary obligation for affecting foreign policy. Presidents, or their representatives, meet with leaders of other nations to try to resolve international issues peacefully. According to the Constitution, Presidents sign treaties with other nations with the "advice and approval" of the Senate. So the Senate, and to a lesser extent, the House of Representatives, also contribute in shaping foreign policy.

Venezuela has the world’s largest oil reserves and by 1960, it became the wealthiest country in Latin America. Petróleos de Venezuela (PDVSA), the state owned company, was the key to economic and social development in Venezuela under president Hugo Chavez. His government was settled in an environment where the oil prices were rising and the economy was booming, so he was able fund social programs and practices that were popular to the poor masses. This wealthy and growing Venezuela made Chavez to be very popular and his regime very powerful. Oil revenue accounted for nearly 90% of exports, more than 50% of government revenue, and 35% of country’s GDP.

established a joint venture with Ineos refining in 2011, with strategic motives to attain competitive advantage and core competence. From the context of corporate strategy and joint ventures, a joint venture is the best way to share and utilize the complementary assets from another company with low risk compared to any other process such as acquisitions. Using the resource based theories such as PESTEL and VRIN , the paper has derived that Ineos will contribute to build a core competence and competitive advantage through its distinctive capabilities. The several issues faced by the firm such as low market demand for oil products, threat of take over and complexities