Contents
03
04
Philosophical Framework of the Company
04
Mission Statement
04
Vision Statement
05
Company Values
06
High-ranking Positions
06
Board of Directors
07
Members of the Audit Committee of the Board of Directors
07
Management
08
Message from the President
10
Imports
10
RECOPE and the International Market
12
Breakdown of Oil Imports
13
Oil Shipments
13
Procurement Methods
14
Sales and Marketing Outlook
14
Analysis of Total Sales
16
Sales by Product
17
Sales by Terminals
18
Investments and Development
18
Strategic Investments
19
Project Description and Development
26
Financial Information
26
Financial Analysis
32
Statements of Financial Position
33
Statements of Profit or Loss and other comprehensive income
34
Managment
34
2016-2021 Strategic Plan
35
RECOPE and the Stock Market
35
Interpersonal Relationships and Collective Labor Agreements
36
Sexual Harassment and Breastfeeding Policies
37
Corporate Identity and Communications
37
Assertive Communication
38
Technology
40
Fuel Quality
41
Calibration, Testing and Assessment
42
Improvements Made to the Management System
44
Environmental Management
44
Health, Safety and Environment (HSE) Achievements
48
RECOPE and Local Communities
48
The Path to Development Program
49
Donations of equipment
50
Donations
51
Local community relations
52
Risk Management
52
Internal Control System
52
Control Environment
53
Risk Analysis
53
Control Activities
54
Information Systems
54
Follow-up Activities
55
Internal Audits in business management
58
Short Comings
58
Mid-term and Long-term Investments
