Reform of State-Owned Enterprises Sample Clauses

Reform of State-Owned Enterprises. 21. Improving the operating and financial performance of the national oil refinery (CORAF) and more effective commercialization of government oil (through SNPC) are important aspects of the governance agenda. Over the medium term, the government intends to develop a comprehensive strategy aimed at improving sector performance through upgrading SNPC’s accounting framework, monitoring closely the technical and economic aspects of the operations of private oil companies, developing a sector data base, and evaluating all possible institutional, contractual, and regulatory reforms that could ensure that Congo is obtaining the maximum benefit─while respecting its legal obligations and the sanctity of private property rights─from its oil resources. To undertake some of this work, the government intends to prepare terms of reference (by mid-year) and obtain adequate sector expertise, including from the World Bank.
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Reform of State-Owned Enterprises. 1. Approval by the Prime Minister and public dissemination of 94 detailed plans submitted by line ministries, provinces, cities and general corporations for the reform, during the period 2003-2005, of SOEs under their respective jurisdiction, said plans identifying the SOEs specifically and indicating a timetable for their ownership transformation; and submission for approval of 10 remaining plans.
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