gradual increment of rig counts being used in the US; leading to concerns that supply reduction measures that producers have elected to follow, will not be able to curb market excess supply. On the other
both secure and unsecure debt in 1st quarter of 2018 and excess of acquisition cost over estimated value of interest acquired in net assets of a subsidiary (JP Insurance). Liabilities and Shareholder’s
participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the
company in the market to seize the opportunity to transform itself to become a provider of Offline-to-Online (“O2O”) Solutions. Now it is the leading company offering all-rounded advertising services that
stems from the quantity of Shale Oil, which has a Gasoline yield of 52. 2% , rising by 1. 2 million barrels per day leading to supplies of Gasoline to remain in a state of market excess compare to 2018
the Company approved the share repurchase program in the amount not exceeding 40 million common shares in year 2018. The share repurchase is made to maximize the benefits of the Company’s excess
transform itself to become a provider of Offline-to-Online (“O2O”) Solutions. Now it is the leading company offering all-rounded advertising services that enable advertisers to effectively reach their target
compared to Q2/2018. This is in respect to China’s increase in Kerosene export by 30% compared to the same period of the previous year, leading to Jet/Kerosene excess supply in Asian market. Jet (Kerosene
from China and has affirmed them for 2018 creating a market opening for IVL. The ongoing anti-dumping duty quantification against five leading PET exporting nations in to the USA is expected to be