Neftan

Core Focus

Neftan has positioned itself as an advisory and debt financing specialist in the CEEMEA region, with specific focus on Africa, CIS and CEE areas. Our core strategy is to structure emerging market credit opportunities that include EPC interaction.

Neftan provides development capital to fast growing emerging market companies and Governments.

Structure

Neftan aims to minimise downside risk and protect funded principal by maintaining a diversified portfolio, performing intensive credit research and actively monitoring all our investments.

Our investment strategy revolves around a disciplined credit review process and is founded on the belief that a deep understanding of sovereigns and how they operate is critical to generating positive total returns and preserving principal.

The Neftan management team is recognised for its specialised credit expertise. The management team have a long track record of developing creative, value-add solutions to address businesses capital structure requirements and those of governments.

Experience

The activities of Neftan are focused on arranging and structuring unorthodox financing for clients in emerging markets that require financing for projects in the fields of infrastructure development, oil & gas, agriculture and other sectors.

The Neftan founding management team have originated and executed debt financing transactions for debut and seasoned borrowers across government and corporate sectors. The management team have implemented projects that include: construction of airports, roads, sports stadiums, subsidised houses, hospitals, clinics/healthcare centres and pharmaceutical production facilities across Emerging Markets.

Team

Francisco de Borbón Escasany

Chairman

Francisco de Borbón Escasany, the Duke of Seville and Grandee of Spain. Mr. de Borbón holds board member seats at a number European and Emerging Markets based corporates operating in the financial and real estate sectors. Mr. de Borbón has held numerous senior board positions within the banking sector, starting in 1973 as Director of Hill Samuel and Co. Limited bank and later as President and CEO of Miami National Bank. The following merits and honours are held by Mr. de Borbón: Cross of the Civil Merit of Spain, Grand Cross of the Red Lion of Finland, Grand Cross and Grand Collar of Military and Hospitaller Order of Saint Lazarus of Jerusalem (Ex-Grand Master), Honorary Freedom of London (Freedom Honoris Causa), Night of the National Order of the Republic of Mali, Night of the National Order of the Ivory Coast, Honorary Consul of Mali in Spain (2003-2016).

Reinhold Knapp

Senior Advisor

Reinhold Knapp started his career in the banking sector in 1990 in institutional equity sales at Bank Girozentrale (Vienna, Austria). Between 1992 and 2006, he held a number of senior positions as Executive Director, Managing Director and Head of Fixed Income at Unicredit (Vienna, Austria), Hypovereinsbank (London, UK) and Bank Austria (New York, USA) respectively. From 2006 to 2008, Mr. Knapp worked as Executive Director in structured/fixed income sales and senior member of Goldman Sachs Emerging Markets (EM) sales. For six years from 2008 at Morgan Stanley he held position of Head of Fixed Income sales to Russia/CIS. For four years from 2014 Mr. Knapp worked at Sberbank Europe AG (Vienna, Austria) as Head of sales Global Markets (GM). He managed a team of 28 employees in sales and trading based across Central and Eastern European (CEE) subsidiaries. At Neftan, Mr. Knapp specialises in securitizing credit related financial products (HY bonds and leveraged loans). Jointly with Neftan’s projects finance team he is constantly broadening and managing investor portfolio, which consists of key EM fixed income investors: asset managers, hedge funds and private banks. His speciality is structuring fixed income products for Neftan’s global clients.

Taras Kushnirenko

Partner, Head of Operations

In 2016, Mr. Kushnirenko founded Neftan. From 2012 to 2016, Mr. Kushnirenko managed investments department at Transoilgroup AG (St. Gallen, Switzerland) that focused on attracting private investments for increase of crude oil production of Transoilgroup upstream assets in Albania. He also structured crude oil offtake programs to the Mediterranean market. From 2014 to 2016, Mr Kushnirenko worked at Synsol AG (Meggen, Switzerland) where he was in charge of capital raising for increase of trading credit lines at Swiss banks, and developed West African crude oil accumulation, treatment and export programs. From 2008-2014, Mr. Kushnirenko held two positions simultaneously, co-managed trade finance department and co-managed refined petroleum products trading operations at Mira Energy (London, UK). He developed a high-profile portfolio of clients in Russia, Kazakhstan, Turkey and Kurdistan that focused on export of fuel oil, VGO and gas condensate exports from the Black Sea and Arabian Gulf. He was also responsible for utilising additional trading and arbitrage opportunities within the region, and managing processes in raising capital with international investors for increase in trading operations. As Head of Operations at Neftan, Mr. Kushnirenko manages team that performs the following tasks: structures credit opportunities that include EPC interaction, performs financial and legal due diligence, undertakes risk assessment and formulates mitigations strategies, and provides business consulting services to Neftan clients. Deal origination and development of corporate strategies are also responsibilities that are performed by Neftan’s operations team.

Media and News

“Neftan Limited and Sadeen Group consortium sign USD 120 million investment program for development of industrial cities in the Sultanate of Oman”

On 15th April 2019 at the Public Establishment for Industrial Estates (Madayn) head office in Muscat, Shumookh Investment and Services (investment company of Madayn) signed USD 120 million agreement with Sadeen Group for development of industrial cities owned by Madayn. Under the contract, Sadeen Group through its consortium investment partner Neftan Limited will provide financing for the planned works, and Sadeen Group will perform engineering and construction services for building area exceeding 164,000 square meters over the next three years. Front row from the left:
Mr. Taras Kushnirenko (Director and Partner, Neftan Limited)
H.H. Francisco de Borbón y Escasany (Chairman, Neftan Limited)
Mr. Hilal bin Hamad Al Hasani (Chairman, Shumookh Investment & Services and CEO, Madayn)
Mr. Hani Salah (Chairman, Sadeen Group)
Mrs. Derya Bozovali (Business Development Manager for Middle East, Neftan Limited)

Back row from the left:
Mr. Sukant Rantaka (Sultanate of Oman country head, Sadeen Group)
Mr. Khader Dastagir (COO, Sadeen Group)
Mr. Musallam al Hudaifi (CEO, Shumookh Investment & Services Company)
Mr. Ahmed Al Zakwani (COO, Shumookh Investment & Services Company)
Mr. Rayan Salah (Director, Sadeen Group)

https://timesofoman.com/article/1139607/Business/Economy/Madayns-investment-arm-signs-agreement-valued-at-120-million-with-Sadeen-Group-to-implement-developm

Twitter page of Madayn (@MadaynOman)

15th April 2019

Shumookh Investment and Services Company, the investment arm of the the Public Establishment for Industrial Estates, signed an agreement with Sadeen Investment Group to implement several development projects in the industrial cities of Madayn with an investment value of 120 million dollars.

https://twitter.com/MadaynOman/status/1117805598865809413

http://www.omanobserver.om/shumookh-inks-deal-with-sadeen-to-fund-120m-worth-madayn-projects/

“Neftan Limited signs five-party Memorandum of Understanding with the Government of the Republic of Ecuador”

On 23rd October 2018 at Global Omnium office Marques del Turia 17, 46005 Valencia, Kingdom of Spain, Neftan Limited signed five-party Memorandum of Understanding with HE María Alejandra Vicuña Muñoz (Vice President of the Republic of Ecuador), Mr. Eugenio Calabuig (President, Global Omnium / Aguas de Valencia S.A.), Mr. Garcia Hernandez Francisco Rafael (President, Aguas de Valencia Ecuador SA) and Mr. Henry Caceres Romero (General Director of the national water company of Republic of Ecuador, Empresa Pública del Agua EPA-EP). Memorandum of Understanding sets out the conditions for setting up of a joint venture that will invest USD 450 Million for the development of the project in Republic of Ecuador to improve drinking water and agricultural irrigation systems. The project will be deployed in the Esmeraldas and Manabí provinces that have been affected during the earthquake in 2016. From the left:
Mr. Garcia Hernandez Francisco Rafael (President, Aguas de Valencia Ecuador S.A.)
HH Francisco de Borbón y Escasany (Chairman, Neftan Limited)
HE María Alejandra Vicuña Muñoz (Vice President of the Republic of Ecuador)
Mr. Eugenio Calabuig (President, Global Omnium / Aguas de Valencia S.A.)
Mr. Henry Caceres Romero (General Director, Empresa Pública del Agua EPA-EP)
From the left:
Mr. Garcia Hernandez Francisco Rafael (President, Aguas de Valencia Ecuador S.A.)
HH Francisco de Borbón y Escasany (Chairman, Neftan Limited)
HE María Alejandra Vicuña Muñoz (Vice President of the Republic of Ecuador)
Mr. Eugenio Calabuig (President, Global Omnium / Aguas de Valencia S.A.)
From the left:
Mr. Garcia Hernandez Francisco Rafael (President, Aguas de Valencia Ecuador S.A.)
HH Francisco de Borbón y Escasany (Chairman, Neftan Limited)
HE María Alejandra Vicuña Muñoz (Vice President of the Republic of Ecuador)
Mr. Eugenio Calabuig (President, Global Omnium / Aguas de Valencia S.A.)
Mr. Henry Caceres Romero (General Director, Empresa Pública del Agua EPA-EP)

“Expansión” News Agency

24th October 2018

THE NEFTAN FUND WILL FINANCE THE AGUAS DE VALENCIA MIXED COMPANY WITH ECUADOR.

The manager that presides over the Duke of Seville, Francisco de Borbón, will manage the trust that plans to finance water works and management contracts for up to 450 million in areas such as Esmeraldas. The new mixed company in which Aguas de Valencia will own 49% of the shareholding together with the Public Company of Water of the Ecuadorian State will also have a third ally. This is the fund manager and financial consultant Neftan, who chairs the Duke of Seville, Francisco de Borbón Escasany, who yesterday participated in the signing of the memorandum of understanding for the investment that will be the basis on which the new joint venture will be created , which still has no name. Neftan will be responsible for providing financing of up to 450 million dollars (392 million euros) for water supply, sanitation and irrigation projects that the joint venture will raise once it has been formed. The firm already has another similar memorandum with Ecuador to finance 40,000 homes with 500 million. According to the director of the Water subsidiary of Ecuador in Ecuador, Ricardo Freire, among the projects that are proposed are actions in the coastal regions of Esmeraldas and Manabi, affected by the earthquake of 2016. Among them, he gave as an example the supply of nearly 700,000 people in Esmeraldas with an investment of more than 50 million dollars vice president of Ecuador , María Alejandra Vicuña, who chaired the firm, stressed that the investments made by the company formed with Aguas de Valencia will be able to receive "up to 65% of subsidies" and highlighted the public-private collaboration in their country to solve problems such as health spending in diseases caused by problems in the water.

Precedents
Aguas de Valencia collaborates with the Public Water Company of Ecuador since 2015, with which it maintained an assistance contract of 15 million dollars. The Valencian group invested 2 million in a water treatment plant after the 2016 earthquake destroyed the country has made the company to return to expansion of Aguas de Valencia in America, which had been abandoned.
http://www.expansion.com/valencia/2018/10/24/5bd0be88268e3ec1108b4575.html

“Vice President of the Republic of Ecuador” Official Website

23rd October 2018

GOVERNMENT OF ECUADOR SIGNS USD 450 MILLION MEMORANDUM OF UNDERSTANDING TO FINANCE WATER PROJECTS.

Valencia: The Vice President of the Republic of Ecuador, María Alejandra Vicuña was present at the signing of the Memorandum of Understanding between Fondo Neftan, Aguas de Valencia S.A. and the Public Water Company of Ecuador, for investment in projects in the water, agriculture, Popular Economy and Solidarity sectors and for the productive reactivation of Esmeraldas and Manabí.

"We understand private investment as a possibility to generate quality employment for our citizens, technology transfer that we are sure will be another of the important objectives we achieve from this memorandum of understanding for an investment of around USD 450 million for different projects that will be developed in the best way, "emphasized Vicuña.

For his part, the president of Aguas de Valencia, Eugenio Calabuig, said it is an important day in the history of the company, because "the memorandum is a sample of how public-private collaboration is an efficient formula to carry out projects to improve the management of water resources and thus contribute to improving the quality of life of people. Madam Vice-President, I assure you that you can continue to count on us, because we have made an important effort to be at the forefront of technological development and the most advanced innovation to achieve a leading company internationally, "he said.

Likewise, the Duke of Seville, Francisco de Borbón and Escasany, thanked the trust placed by both the Government of Ecuador and Aguas de Valencia. Meanwhile, the general manager of the Public Water Company, Henry Cáceres, recognized this memorandum of understanding as a strategic partner process such as Aguas de Valencia, with which they have been strengthening each other and sharing experiences of both companies.

Before concluding the Vice President of Ecuador reiterated on behalf of the Government of Ecuador all the openness and commitment to continue strengthening relations for mutual benefit, "we are sure that from the signing of this memorandum of understanding we will have great results that will benefit thousands of compatriots ".

Prior to the signing of the memorandum, the second president toured the facilities of the Emivasa Water Control Center in Valencia and the Gamaser Laboratories in the Technology Park, where the water quality control and analysis is carried out. In addition to the technological explanation of how the whole service works.
https://www.vicepresidencia.gob.ec/gobierno-de-ecuador-firma-memorando-de-entendimiento-por-usd-450-millones-para-financiar-proyectos-hidricos/

Twitter page of the Vice President of the Republic of Ecuador (@marialevicuna)

23rd October 2018

We signed the Memorandum of Understanding with NEFTAN, Aguas de Valencia Company and @EmpresaaguaEc, with an investment of USD 450 million.

A public-private articulation for the benefit of the water and agricultural sector belonging to the Popular and Solidarity Economy. # LaViceEnEspaña
https://twitter.com/marialevicuna/status/1054759264697364481

“Valencia Plaza” News Agency

23rd October 2018

GLOBAL OMNIUM AND ECUADOR CREATE A JOINT VENTURE TO INVEST UP TO 450 MILLION DOLLARS.

VALENCIA. Global Omnium (Aguas de Valencia) and the Government of the Republic of Ecuador have signed an agreement on Tuesday to create a mixed public-private partnership with which to undertake work to improve the quality and management of water in the Latin American country, mainly in the provinces affected by the 2016 earthquake, Esmeralda and Manabí.

The agreement foresees an investment of up to 450 million dollars financed by the investment fund Neftan, so that the joint venture -participated in 51% by the Government of Ecuador and 49% Global Omnium- can undertake a whole series of water projects in the next years.

The Vice President of the Republic of Ecuador, María Alejandra Vicuña, was in Valencia on Tuesday to sign the agreement with the president of Global Omnium, Eugenio Calabuig; the president of NEFTAN, Francisco de Borbón; the manager of the Public Water Company (EPA) of Ecuador, Henry Cáceres; and the president of AVAECSA, Rafael García Hernández.

The investment fund Neftan will finance the projects through a trust but it will be the future joint venture - which is expected to start operating in three or four months - which will be in charge of managing and deciding the projects to be undertaken in the future. water, agriculture and popular and solidarity economy sectors, from infrastructures, to management and technological investment.

Specifically, the Ecuadorian Government, through the competent authorities, will define the technical, financial and other parameters, while Global Omnium will be in charge of carrying out the studies and preparing the plans and reports that are required.

In the case of the province of Esmeralda, nearly 700,000 people have supply problems and "24-hour water" and "quality water" are needed, exemplified by the Global Omnium representative in Ecuador, Ricardo Freire.

The link between Global Omnium and Ecuador begins in 2016, when the Valencian company donated a water treatment plant to the Latin American country valued at 2 million dollars for the victims of the 2016 earthquakes.

From there, the Valencian company became a strategic partner of the Public Water Company (EPA) to participate in the future public processes carried out by the Ecuadorian company. The purpose of this collaboration was to transfer the knowledge and experience of Global Omnium - with almost 130 years of experience - to the EPA in technical, administrative, commercial and financial areas and has involved an investment of close to 15 million dollars.

Now, the alliance between both entities gives "one more leap" with the signing of this "memorandum that will involve the creation of a joint venture, whose projects will cover a minimum of ten years of management", Freires explained.

For the president of Global Omnium, Eugeni Calabuig, the signing of the agreement signed on Tuesday is a "truly historic" event for the company that hopes "to contribute to improving the quality of life of people" in Ecuador. He has also highlighted the public-private collaboration between the Ecuadorian Government as an example of "efficiency" and has ensured its "commitment" to continue collaborating with its "advanced technology and experience".

The Vice President of the Republic of Ecuador, María Alejandra Vicuña, stressed that she intends to continue looking for projects of public-private collaboration such as this that allow undertaking projects that benefit Ecuadorian society due to the "possibility of generating employment and transferring technology and knowledge" .

The actions will be directed mainly to the state program 'Toda una vida' that directs its gaze towards the countryside to promote water projects that allow reactivating the productive agrarian economy, and to the 'Water and sanitation for all' program that aims to reduce malnutrition rates of children and guarantee the right to food in the country. And is that as Vicuña warned: "The Government of Ecuador spends about 300 million dollars a year to treat diseases of water origin. Therefore the importance of this agreement," she stressed.
https://valenciaplaza.com/globalomnium-ecuador

“ABC Comunidad Valenciana” News Agency

23rd October 2018

ECUADOR AND GLOBAL OMNIUM WILL BE A COMPANY TO IMPROVE WATER MANAGEMENT AFTER THE 2016 EARTHQUAKE.

The Ecuadorian government and the Valencian company will allocate 450 million in hydraulic projects in two Ecuadorian provinces affected by the earthquake.

The Valencian Global Omnium and the Public Water Company (EPA) of Ecuador will form a joint venture to invest up to 450 million dollars (392 million euros) in the improvement of water for human consumption and agricultural irrigation in the country, mainly in projects in the provinces of Manabí and Esmeraldas, affected by an earthquake in 2016.

The vice president of Ecuador, María Alejandra Vicuña, and the president of Global Omnium (formerly Aguas de Valencia), Eugenio Calabuig, on Tuesday in Valencia the "Memorandum of Understanding", the step prior to the creation of the joint venture, for investment in the water, agriculture, popular economy and solidarity sectors in Ecuador.

The projects that will be developed will be decided, as explained by Ricardo Freire, the manager of Aguas de Valencia in Ecuador, by the joint venture, which could start operating in three or four months, and will reach up to 450 million dollars financed by the fund Neftan.

Among them, provide 24 hours a day quality water to the city of Esmeraldas, in northern Ecuador, "where 700,000 people have supply problems", a project that will require a period of time not less than ten or fifteen years, as Freire has indicated.

In this sense, the project will focus on the provinces of Esmeraldas and Manabí, where the joint venture will mainly develop its projects, although they could also be extended to other areas, as reported.

Strengthening business relationships

The Vice President of the Republic of Ecuador stressed that the Government has initiated a "new stage of opening" and "strengthening trade relations" with other countries and, for this, it is necessary to look for strategic partners such as the Valencian company.

Vicuña has stated that the Government wants to promote water projects that allow economic and productive development within a program to improve the capacities of the agricultural sector and provide safe water to all citizens.

Ecuadorian Vice President said that, the technology that Global Omnium will contribute will meet the objectives of the water and sanitation program, including reducing chronic child malnutrition rates and guaranteeing health.

The Government of Ecuador annually spends 261.3 million euros (300 million dollars) on treating diseases of water origin, according to Vicuña, who has expressed confidence that the results of the agreement for the creation of infrastructure and water resources management benefit to many citizens.

Alliance born in 2016, after the earthquake

The president of Global Omnium, Eugenio Calabuig, has indicated that the creation of a joint venture with the Ecuadorian Government is an example of public-private collaboration to improve water management and contribute to improving the quality of life.

The collaboration through the joint venture - which will be 51% of the Public Water Company and 49% of Global Omnium - was born of a strategic alliance that both parties started in 2016 and which resulted in an associative agreement of investment of some thirteen million euros (almost 15 million dollars) for the management of raw water in Ecuador.

The Valencian company donated, after the earthquake of 2016, a water treatment plant valued at 1.7 million euros (almost 2 million dollars) for those affected by the earthquake, an action that the Government of Ecuador valued, which subsequently signed a letter of understanding with Global Omnium and a relationship that facilitated the strategic alliance was initiated.

Global Omnium / Aguas de Valencia brings, according to Calabuig, specialized knowledge of cutting edge, experience, human and material resources, technological and financial.

It currently guarantees the supply and purification of water to more than seven million people in Spain and in countries such as Angola, Colombia, Ecuador, Qatar and Venezuela.

In the signing of the Memorandum of Understanding, the president of Aguas de Valencia Ecuador (AVAECSA), Rafael Hernández; the president of Neftan, Francisco de Borbón; and the manager of the EPA, Henry Cáceres.
https://www.abc.es/espana/comunidad-valenciana/abci-ecuador-y-global-omnium-constituiran-empresa-para-invertir-450-millones-proyectos-hidraulicos-201810231552_noticia.html

“La Cadena SER” News Agency

23rd October 2018

GLOBAL OMNIUM AND THE GOVERNMENT OF ECUADOR CREATE A JOINT VENTURE TO MANAGE WATER IN THIS COUNTRY.

The Valencian company will have 49% of the participation and the South American country 51%. The initial investment will be 392 million euros that will be funded by Neftan.

The Valencian company Global Omnium -the old Aguas de Valencia- has partnered with the Ecuadorian public water company to create a Public-Private company that will be responsible for water management in different regions of the South American country. This company, whose ownership is divided between 51% of public ownership of the Ecuadorian government through the Public Water Company and 49% of Global Omnium and will be financed by the investment fund Neftan, which will carry the amount of 450 millions of dollars, about 392 million euros, who will be the one who will then recover that amount with water management. For Freire, empowered with Global Omnium in Ecuador, this company has to be constituted with work.

The purpose of this new joint venture is, among others, drinking water and irrigation of several Ecuadorian provinces, including Esmeraldas and Manabi, the most affected by the earthquake of 2016. The role of Global Omnium will be to conduct studies and prepare the plans and reports necessary to launch different initiatives in the country in the coming years The vice president of Ecuador, María Alejandra Vicuña, and the president of Global Omnium, Eugenio Calabuig, signed on Tuesday the Memorandum of Understanding for investment in the water, agriculture, popular economy and solidarity sectors. The projects that will be developed will be decided by the joint venture, which could start operating in three or four months.

Among them, provide quality water and 24 hours a day to the city of Esmeraldas, north of Ecuador, where 700,000 people have problems of supply, a project that will require a period of time of not less than ten or fifteen years. And is that the Government of Ecuador spends 261.3 million euros annually, about 300 million dollars, to treat diseases of water origin, according to Vicuña.

http://cadenaser.com/emisora/2018/10/23/radio_valencia/1540305019_788088.html

“El Comercio” News Agency

23rd October 2018

ECUADOR AND SPANISH COMPANY AGREE INVESTMENTS TO IMPROVE WATER MANAGEMENT.

The vice president of Ecuador, María Alejandra Vicuña, and the president of the Spanish company Global Omnium / Aguas de Valencia, Eugenio Calabuig, today signed a memorandum of understanding to set up a joint venture that will invest up to USD 450 million in the improvement of drinking water and the agricultural irrigation of the South American country. The investment is mainly destined to the provinces of Manabí and Esmeraldas, affected by an earthquake in 2016, with projects in the water, agricultural, popular economy and solidarity sectors, according to the agreement between the Public Water Company (EPA) of Ecuador and the Spanish company. The projects will be decided by the joint venture, could start to work in three or four months and will be financed by the Neftan fund. Among them, provide quality water and 24 hours a day to the city of Esmeraldas, in the north of Ecuador, where 700 000 people have problems of supply, a project that will require a period of time not less than ten or fifteen years . The projects could also be extended to other areas, according to the report of the representative of Aguas de Valencia in Ecuador, Ricardo Freire. The Ecuadorian Vice President stressed that her government has started a new stage of opening and strengthening trade relations with other countries and, for this, it is necessary to look for strategic partners like this company, based in Valencia (eastern Spain). Vicuña said that Ecuador wants to promote water projects that allow economic and productive development within a program to improve the capacities of the agricultural sector and provide safe water to all citizens. The technology that Global Omnium will contribute, said the Ecuadorian Vice President, to meet the objectives of the water and sanitation program, including reducing chronic infant malnutrition rates and guaranteeing health.

The Government of Ecuador spends USD 261.3 million annually to treat diseases of water origin, according to Vicuña, who expressed confidence that the results of the agreement for the creation of infrastructures and management of water resources benefit many citizens. Calabuig said that the creation of a joint venture with the Ecuadorian government is an example of public-private collaboration to improve water management and contribute to the quality of life of citizens. The participation of the EPA in the joint venture will be 51%, while the remaining 49% will correspond to the Spanish company. Both started a strategic alliance in 2016, which resulted in an associative investment agreement of some 13 million euros (almost USD 15 million) for the management of raw water in Ecuador. Currently Global Omnium / Aguas de Valencia guarantees the supply and purification of water to more than seven million people in Spain and in countries such as Angola, Colombia, Ecuador, Qatar and Venezuela.
https://www.elcomercio.com/actualidad/ecuador-espana-inversiones-gestion-recursos.html

“El Universo” News Agency

23rd October 2018

MARÍA ALEJANDRA VICUÑA, ON AN OFFICIAL TOUR IN SPAIN.

The vice presidents of Ecuador, Spain and Costa Rica, María Alejandra Vicuña, Carmen Calvo and Epsy Campbell, in their order, participate in the meeting Somos Iberoamérica: legislating for the economic empowerment of women ", in Madrid.

According to a statement from the Vice President of Ecuador, the officials discussed the laws of these countries in favor of women.

Vicuña stressed that the country has achieved "significant achievements in terms of formal equality through constitutions, legislation or equal representation." In the latter, she gave as an example that 40% of the seats in the National Assembly are occupied by women.

Calvo, likewise, indicated that the women who now occupy positions of power are "the impulse for millions of women who, through us, hope for the improvement of their lives".

As part of her visit to Spain, Vicuña is scheduled to sign a memorandum of understanding with the companies Neftan and Aguas de Valencia, which offer to invest in Ecuador for $ 450 million.
https://www.eluniverso.com/noticias/2018/10/23/nota/7013651/vicuna-gira-oficial-espana

“Agencia EFE” News Agency

22nd October 2018

THE VICE PRESIDENT OF ECUADOR WILL TALK ABOUT INVESTMENTS AND COOPERATION IN SPAIN.

The vice president of Ecuador, María Alejandra Vicuña, will begin tomorrow a visit to Spain, where she will seek to position her country as an investment destination and will analyze possible lines of cooperation, it was officially announced today.

In a statement, the Vice Presidency indicated that Vicuña will remain in Spain until October 26 and that she will participate in Madrid in the meeting "Somos Iberoamérica: Legislating for the Economic Empowerment of Women", organized by the Spanish Government, UN Women and the Secretariat General Ibero-American

At the meeting she will address gender issues related to the economic empowerment of women, said the Vice President in the letter.

In Valencia, Vicuña will sign a memorandum of understanding with the NEFTAN Society and the company Aguas de Valencia S.A. for investment in the water, agriculture, and the Popular and Solidarity Economy sectors of Ecuador, with an amount of 450 million dollars.

The vice president will also visit the Mondragón Corporation, "world reference for cooperative work", made up of more than 100 autonomous and independent cooperatives and which constitutes the first Basque business group and the tenth in Spain, according to the official note.

Among other activities, Vicuña will hold a meeting with the migrant community to publicize the benefits offered by the Government led by Lenin Moreno, to the Ecuadorian compatriots.
https://www.efe.com/efe/america/economia/la-vicepresidenta-de-ecuador-hablara-inversiones-y-cooperacion-en-espana/20000011-3787832

“Inversión y Finanzas” News Agency

22nd October 2018

VICE PRESIDENT OF ECUADOR WILL TALK ABOUT INVESTMENTS AND COOPERATION IN SPAIN.

In a statement, the Vice Presidency indicated that Vicuña will remain in Spain until October 26 and that it will participate in Madrid in the meeting "Somos Iberoamérica: Legislating for the Economic Empowerment of Women", organized by the Spanish Government, UN Women and the Secretariat General Ibero-American

At the meeting will address gender issues related to the economic empowerment of women, said the Vice President in the letter.

Among other activities, Vicuña will hold a meeting with the migrant community to publicize the benefits offered by the Government led by Lenin Moreno, to the Ecuadorian compatriots.
http://www.finanzas.com/noticias/economia/20181022/vicepresidenta-ecuador-hablara-inversiones-3930747_age.html

“President of Malta welcomes Neftan Limited at The Palace”

19th October 2018

On 19th October 2018, the President of the Republic of Malta, HE Marie-Louise Coleiro Preca welcomed delegation from Neftan Limited at The Palace. Agenda consisted of Neftan presenting financing arrangement services to the Government of the Republic of Malta in areas of infrastructure, healthcare, education and Smart City solutions. The President requested Ministry of Finance of Republic of Malta to engage in more detailed discussions with Neftan Limited on possible structuring of financing for upcoming Government projects. From the left:
Mrs. Patricia Freeman (Personal Assistant to HH Francisco de Borbón von Hardenberg)
HH Francisco de Borbón von Hardenberg (Managing Director, Neftan Limited and Grand Commander of The Military and Hospitaller Order of Saint Lazarus of Jerusalem in Malta)
HE Marie-Louise Coleiro Preca (President of the Republic of Malta)
Mr. Carmel Briffa (Secretary to the Presidency)
Mr. Carmel Bonello (Commander, of The Military and Hospitaller Order of Saint Lazarus of Jerusalem in Malta)
From the left:
HH Francisco de Borbón von Hardenberg (Managing Director, Neftan Limited and Grand Commander of The Military and Hospitaller Order of Saint Lazarus of Jerusalem in Malta)
HE Marie-Louise Coleiro Preca (President of the Republic of Malta)
From the left:
HE Marie-Louise Coleiro Preca (President of the Republic of Malta)
HH Francisco de Borbón von Hardenberg (Managing Director, Neftan Limited and Grand Commander of The Military and Hospitaller Order of Saint Lazarus of Jerusalem in Malta)
From the left:
Mr. Carmel Bonello (Commander, of The Military and Hospitaller Order of Saint Lazarus of Jerusalem in Malta)
Mrs. Patricia Freeman (Personal Assistant to HH Francisco de Borbón von Hardenberg)
HH Francisco de Borbón von Hardenberg (Managing Director, Neftan Limited and Grand Commander of The Military and Hospitaller Order of Saint Lazarus of Jerusalem in Malta)
HE Marie-Louise Coleiro Preca (President of the Republic of Malta)
Mr. Carmel Briffa (Secretary to the Presidency)

“Lviv City Council” Official Website

7th August 2018

CITY MAYOR MET WITH CHIEF EXECUTIVE OFFICER OF THE GERMAN-SPANISH TRADING COMPANY (DSH) CLAUDIO CHAQUÉ.

Today, on August 7, the mayor met and discussed the investment opportunities of Lviv with the chief executive officer of the German-Spanish trade company (DSH), director of business development at Neftan Limied, Claudio Chaqué

"I think you know a lot about Lviv. Now we are actively developing the city in terms of investment. For example, in Lviv work on the construction of a new IT park continues. Construction of the Innovation District IT Park is not only the largest investment, but also more than 14 thousand new jobs.

Also this year, in cooperation with the European Bank for Reconstruction and Development, we purchase 50 trolleybuses. This is very beneficial, because when working with a bank, we receive significant grants. Our goal is to improve public transport in the city, and the foundations of the European Union support us. Therefore, I hope that you will be interested in our city. We would be glad to invite you to develop Lviv. Because for us every new investment in a city or a country is a new culture of production, "said Andriy Sadovyy, Lviv Mayor.
https://city-adm.lviv.ua/news/city/lviv-international/253387-miskyi-holova-lvova-zustrivsia-iz-holovnym-vykonavchym-dyrektorom-nimetsko-ispanskoi-torhovoi-kompanii-dsh-klaudio-chakesom

“Neftan Limited signs Memorandum of Understanding with the Government of the Republic of Ecuador”

On 26th July 2018 at InterContinental Madrid hotel, Neftan Limited signed Memorandum of Understanding with HE Richard Martinez, the Minister of Economy and Finance of the Republic of Ecuador. Memorandum of Understanding outlines scope of cooperation between Neftan Limited and the Government of the Republic of Ecuador in development of the “Mision Casa Para Todos” social housing project.

From the left:
HE Richard Martinez (Minister of Economy and Finance of Ecuador)
HH Francisco de Borbón y Escasany (Chairman, Neftan Limited)
Mr. Cristobal Roldan (Honorable Ambassador of Ecuador in Spain)

From the left:
Mrs. Bettina Vôhringer (Client Relationship Manager, Neftan Limited)
Dr. Claudio Chaqué (HC) (Business Development Director for LATAM, Neftan Limied)
Mr. Cristobal Roldan (Honorable Ambassador of Ecuador in Spain)
HE Richard Martinez (Minister of Economy and Finance of Ecuador)
HH Francisco de Borbón y Escasany (Chairman, Neftan Limited)
Mr. Vitaliy Krekhovetskyy (Project Finance Director, Neftan Limited)
HH. Francisco de Borbón von Hardenberg (Managing Director, Neftan Limited)

https://www.andes.info.ec/en/noticias/politica/3/ecuador-ties-spain

“EL TELÉGRAFO” News Agency

22nd July 2018

ECUADOR REITERATED ITS COMMITMENT TO THE OAS

With a ceremony at the headquarters of the Organization of American States (OAS) in Washington DC, the authorities fired the permanent ex-representative of Ecuador before the body, José Valencia.

The now Minister of Foreign Affairs and Human Mobility did not leave the room without first reiterating Ecuador's commitment to the ideals of the organization. He also expressed his confidence that "the challenges facing the hemisphere can be resolved with dialogue and respect for the identity of nations and that disagreements can be resolved with respect for human rights and democracy."

Luis Almagro, Secretary General of the OAS, highlighted the collaboration of Valencia. "For me personally, and for all the authorities of the OAS, it has been a pleasure to work with you in the constant effort to face the challenges of the hemisphere and our Organization," said Almagro.

For this week, the Chancellor will accompany President Lenin Moreno to his tour of the United Kingdom and Spain. The deputy foreign minister, Andrés Terán, said that Ecuador and Spain will sign two memoranda of understanding for the construction of social housing and a police cooperation agreement for security and the fight against transnational crime. This will be with the business groups Neftan and Coniprom (Grupo Valienti).

The company Neftan will be responsible for building 40,000 homes within the "Casa para Todos" project. The initial amount of the project would be $ 500 million. The Valienti Group is interested in investing in 40,000 housing solutions. The amount of the project is $ 1,000 million. Moreno will be the first president received by the Spanish president, Pedro Sánchez. This was stated by Andrés Terán and he added that there will also be a meeting with the King of Spain. (I)

https://www.eltelegrafo.com.ec/noticias/politica/3/ecuador-compromiso-oea

“Ministry of Foreign Affairs and Human Mobility of Ecuador”

20th July 2018

ECUADOR AND SPAIN WILL SIGN AGREEMENTS FOR THE CONSTRUCTION OF SOCIAL HOUSING AND POLICE COOPERATION FOR THE FIGHT AGAINST TRANSNATIONAL CRIME.

Ecuador and Spain will sign two memoranda of understanding for the construction of social housing and a police cooperation agreement for security and the fight against transnational crime during the official visit of President Lenin Moreno to the country, next week. This was stated by the substitute chancellor, Andrés Terán, during an interview on Quito radio.

It involves the signing of two memoranda of understanding with two Spanish business groups: Neftan and Coniprom (Valienti Group). The company Neftan will be responsible for building, with its own financial resources, 40,000 homes within the government project 'House for All', in the physical spaces designated by the Ecuadorian Government for that purpose. The initial amount of the project would be 500 million dollars.

While the 'Valienti Group' is interested in investing in 40,000 housing solutions. The amount of the project is one billion dollars. Coniprom, a company that is part of the Valienti Group, will sign the memorandum of understanding.

Terán also indicated that it is planned to sign with Spain the "Agreement on police cooperation for security and the fight against transnational organized crime" which aims to establish the mechanisms and appropriate protocols to facilitate the exchange of information on police intelligence , research and fight against transnational organized crime, within the framework of respect for the domestic legislation of each of the countries parties.

Chancellor José Valencia will accompany President Moreno during the visit. "There will be a meeting with the King of Spain and a working meeting with the Spanish President, Pedro Sanchez," said the diplomat and stressed that President Lenin Moreno "will be the first Latin American president to be received by the president of Spain."

Prior to the official visit, the President of the Republic will attend the summit on disabilities in London "to be able to disseminate our policies and good practices in this matter," said the deputy foreign minister. Regarding the situation of the asylum of Julian Assange in the United Kingdom explained that the country is in a "frank dialogue and high level" with the European country and confirmed that "there will be an official approach of President Moreno with Assange."

"We are working on approaches with the United Kingdom at the highest level. This case (Assange) is not simple, it has a series of edges and situations that have to be analyzed, "he explained.

https://www.cancilleria.gob.ec/ecuador-y-espana-firmaran-convenios-para-la-construccion-de-vivienda-social-y-de-cooperacion-policial-para-la-lucha-contra-la-delincuencia-transnacional

“Expreso” News Agency

20th July 2018

ECUADOR AND SPAIN WILL SIGN AGREEMENTS ON HOUSING AND POLICE COOPERATION. THE DOCUMENTS WILL BE SIGNED DURING THE OFFICIAL VISIT OF PRESIDENT LENIN MORENO TO THAT COUNTRY.

On Friday, July 20, 2018, the entity also noted that the documents will be signed during the official visit of President Lenin Moreno to Spain, scheduled for the following week.

According to the acting chancellor, Andrés Terán, the memorandums of understanding will be signed with the Spanish business groups Neftan and Coniprom (Grupo Valienti).

The company Neftan will be responsible for building, with its own financial resources, 40,000 homes within the government project Casa para Todos, in physical spaces designated by the Ecuadorian Government. "The initial amount of the project would be 500 million dollars," explained the official statement.

He added that the Valienti Group is interested in investing in 40,000 housing solutions, a project that requires an investment of one billion dollars. Coniprom, a company that is part of the Valienti Group, will sign the memorandum of understanding.

Terán indicated that Moreno's visit to Spain also envisages signing with Spain the Convention on police cooperation for security and the fight against transnational organized crime.

This agreement seeks to establish the mechanisms and appropriate protocols that facilitate the exchange of information on police intelligence, investigation and fight against organized transnational crime, within the framework of respect for the domestic legislation of each of the countries party, according to the Foreign Ministry.

He indicated that, in the visit to Spain, Foreign Minister José Valencia will accompany Moreno, who will meet with the King of Spain and with the Spanish President, Pedro Sánchez.

Terán stressed that Moreno "will be the first Latin American president to be received" by President Sánchez.

https://www.expreso.ec/actualidad/ecuador-leninmoreno-visita-espana-viviendasocial-cooperacionpolicial-seguridad-plancasaparatodos-CL2287859

“Vietnam+” News Agency

6th April 2018

SPANISH GROUP NEFTAN WANTS TO INVEST IN INFRASTRUCTURE SECTOR IN VIETNAM

Hanoi (VNA) - The Deputy Minister of Construction, Lê Quang Hùng, received a delegation from the Spanish group NEFTAN on April 4 in Hanoi.

Claudio Chaques, NEFTAN Group representative, said his group is investing in various sectors in 24 different countries and through the channels of the world's top 20 banks. He heard about the potential and development of Vietnam, so he expressed the desire of the group to invest in major projects in Vietnam, including those in infrastructure.

The NEFTAN delegation visited the province of Tuyên Quang (North) and is very interested in road modernization projects. "We have also worked with the leaders of Tuyen Quang, especially those of the Provincial Health Service, to discuss possibilities for cooperation in projects," said Claudio Chaques.

In addition to investing in the financial sector of Vietnam, the NEFTAN group also presents its potential to many foreign financial groups, added the representative of the Spanish group.

Deputy Minister Lê Quang Hùng said Vietnam needed to attract investment from financial companies around the world.

Specifically, Vietnam wants the call for investment to modernize the North-South Highway in four lanes, and then eight lanes, and interprovincial highways. Therefore, Vietnam is waiting for the cooperation of international financial companies, said Lê Quang Hùng. -NDEL / VNA.

https://fr.vietnamplus.vn/le-groupe-espagnol-neftan-souhaite-investir-dans-le-secteur-des-infrastructures-au-vietnam/101615.vnp

“Embassy of Ecuador in Spain”

22nd September 2017

THE MINISTRY OF AGRICULTURE OF ECUADOR STRENGTHS TIES OF COOPERATION WITH SPAIN

The holder of the Portfolio of Agriculture and Livestock of Ecuador (MAG), Vanessa Cordero, visits Spain in order to strengthen the cooperation ties with public and private institutions of the agrarian field, with a view to promoting the transfer of knowledge and training of technicians of the Ministry that presides, in terms of irrigation systems, technification of the field, pastures and fodder, agricultural insurance, cooperativism, food security and product competitiveness.

During this week, the Minister has met with her counterpart in Spain, Isabel García Tejerina, with the Director of the Spanish Agency for International Development Cooperation (AECID), Luis Tejada, and with the CEO of the Spanish Institute of Foreign Trade (ICEX), Francisco Garzón, to whom he reported the emblematic project that his Ministry will develop in these years, 'La Gran Minga Nacional Agropecuaria', an intervention strategy that seeks to strengthen the country's productive and sustainable agri-food system.

In this regard, he proposed to Minister García Tejerina to work on a cooperation agreement that promotes the training of MAG technicians, especially in terms of irrigation systems, agricultural insurance and the process of certification of products with the category 'designation of origin.'

He also proposed to the director of AECID to work in a training program focused on cooperativism, promotion of irrigation projects and field technification. Regarding ICEX, the Minister requested to promote commercial missions of entrepreneurs from the Spanish agricultural sector who are interested in investing in Ecuador, with the support of local partners, in order to promote the modernization of the country's agricultural sector. In this last aspect, the Minister announced that the private investment fund NEFTAN plans to invest 500 million dollars in the country, of which a part will be destined to agricultural projects.

Based on the technical requirements of the National Minga, the Minister has also requested cooperation for training technicians and participation in projects to the Ministry of Agriculture and Environment of the Valencian Community, the Polytechnic University of Valencia, the Polytechnic University of Madrid, the Research Center for Agricultural and Environmental Risk Management (CEIGRAM), the Research and Sustainable Development Local Management Group (GESPLAN), the Rey Juan Carlos University, the National Institute of Agricultural and Food Research (INIA) , to the Spanish Society of Ecological Agriculture (SEAE).

Tomorrow he will continue his work visit in Zaragoza where he will meet with the Regional Ministry of Rural Development of Aragon, the Center for Agri-Food Technology Research (CITA) and the Mediterranean Agronomic Institute of Zaragoza (IAMZ-CEHEM) and the University of Zaragoza, after which will return to Madrid to preside delivery of diplomas of students of the Superior Technical School of Agronomic, Alimentary and Biosystems Engineering of the Polytechnic University, space in which will sign a framework agreement with the University to initiate the training of the technicians and their collaboration in MAG projects.

http://espana.embajada.gob.ec/es/el-ministerio-de-agricultura-de-ecuador-fortalece-lazos-de-cooperacion-con-espana/

“Revista Líderes” News Agency

21st September 2017

ECUADOR SEEKS COOPERATION IN SPAIN TO PROMOTE THE DEVELOPMENT OF ITS COUNTRYSIDE.

The Minister of Agriculture and Livestock, Vanessa Cordero, seeks in Spain to strengthen cooperation with the public and private sectors to promote the socioeconomic development of the Ecuadorian countryside and make it more competitive. "We want to learn from the experience of Spain" in agricultural development, Cordero said today in a meeting with the press at the embassy of Ecuador in Madrid, where he reported his official trip to the European country, which began on the 18th and ends the 22. Cordero met with his Spanish counterpart, Isabel García Tejerina, with whom he agreed to a cooperation agreement to promote the training of technicians in agriculture in Ecuador, especially in irrigation systems, agricultural insurance and certification of products with the category " Appellation of origin".

He also held a working meeting with the director of the Spanish Agency for International Cooperation and Development (AECID), Luis Tejada, to encourage collaboration in training and increase investments in irrigation projects and field technology. The objective, according to the person in charge of Agriculture of Ecuador, is that in 2012 there are 60,000 hectares with technified irrigation, many more than the 12,400 planned. The minister, in charge since the end of May, also had working meetings with universities and research institutes such as the National Institute of Agricultural and Food Research and Technology (INIA), the Polytechnic University of Madrid and the Valencian Research Institute.

"We want research and innovation and Spain has experience," said Cordero, who was also very interested in the experience that country has in agricultural cooperatives. Cordero, who also seeks funding for agricultural projects, also met with the CEO of ICEX, a public organization dedicated to export and investment, Francisco Garzón, to promote the investment of Spanish companies in the sector in Ecuador. In addition, he announced that the NEFTAN company will invest USD 500 million in the country, part of them earmarked for agricultural projects. When asked about the development of the "Land Plan", which would benefit Ecuadorian emigrants who want to return to their country and engage in agriculture, recognized that there are "disadvantages" and asked "patience to fellow emigrants" because "legalization of the lands is not simple ". The minister, in office since last May, has as key objective in her department the development of the so-called Great National Agricultural Minga, an investment strategy that seeks to strengthen the agri-food system and make it more productive and sustainable. The goal, according to Cordero is to remove 200,000 people from rural areas from poverty and extreme poverty, general employment and guarantee food security.

On Friday, July 20, 2018, the entity also noted that the documents will be signed during the official visit of President Lenin Moreno to Spain, scheduled for the following week.

According to the acting chancellor, Andrés Terán, the memorandums of understanding will be signed with the Spanish business groups Neftan and Coniprom (Grupo Valienti).

Terán indicated that Moreno's visit to Spain also envisages signing with Spain the Convention on police cooperation for security and the fight against transnational organized crime.

He indicated that, in the visit to Spain, Foreign Minister José Valencia will accompany Moreno, who will meet with the King of Spain and with the Spanish President, Pedro Sánchez.

Terán stressed that Moreno "will be the first Latin American president to be received" by President Sánchez.

https://www.revistalideres.ec/lideres/ecuador-busca-espana-cooperacion-agricultura.html

http://www.qatar-tribune.com/Latest-News/ArtMID/423/ArticleID/12452/Duke-of-Seville-visits-Katara

http://www.gulf-times.com/story/563940/Duke-of-Seville-visits-Katara#tag_78644

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