projects of the government and state enterprises have slowed down and increased more competition in the market. The majority of the Company's revenue recognized in 2023 comes from government and state
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
- depletable energy sources and has a lower impact on the environment than fossil energy; (6/1)1 “state” means: (a) government administration; (b) government organization under the Law on Establishment of
sources and has a lower impact on the environment than fossil energy; (6/1)1 “ state ” means: (a) government administration; (b) government organization under the Law on Establishment of Government
with each other as parent company or subsidiary , or each legal entity in such group is held by the same legal entity, whether directly or indirectly, in the amount or in aggregation of exceeding fifty
company or subsidiary, or each legal entity in such group is held 2 by the same legal entity, whether directly or indirectly, in the amount or in aggregation of exceeding fifty percent of the total number
securities sold is less than the minimum amount specified by the issuer, the reasons for the cancellation of the offer for sale, and the securities subscription, etc.) - State the warning statement for
registration statement is vested in the securities offeror. If the registration statement contains any false statements or omits to state any material information which should have been disclosed, the securities