Jaarverslag 2014

… which could be noticed by steam coming out of the flair.
positions. The focus was to ensure companywide
consistency and fairness in comparative remuneration.
The performance management process was simplified
and career paths were developed.
Within the context of the negotiations for a three year
Collective Labor Agreement, an agreement pertaining
to a collective salary increase for the fiscal year 2014
was reached.
healthy lifestyle to increase awareness at a very young
age. Over 15,000 children enthusiastically participated
in the various activities in the Staatsolie booth.
Staatsolie Refinery Expansion gave the kickoff for
Staatsolie on social media with the Facebook page
www.facebook.com/staatsolie. The results will be
evaluated in the first half of 2015.
Finance
In March 2014, Staatsolie secured a US$ 275 million
loan for planned investments in the 2014-2019 period.
The loan contract was signed with a consortium of international
and regional banks including Credit Suisse AG
(Cayman Islands Branch), First Caribbean International
Bank Limited (Curacao), First Caribbean International
Bank Limited (Cayman Islands) and ING Bank Limited.
In view of Staatsolie’s participation in the Merian Gold
Project, referenced loan agreement was expanded to
US$ 440 million in November 2014. The existing consortium
was extended to include RBC Royal Bank Ltd., RBC
Royal (Suriname) Ltd., RBC Royal Bank (Aruba) Ltd., and
First Citizens Financial Services Ltd.
Human Resources Management (HRM)
In 2014, job evaluations were carried out for all Staatsolie
positions, as was done earlier for the new refinery job
In addition to the bank loan Staatsolie will issue a bond
loan in the first half of 2015 to secure full funding of its
investment program 2015-2020.
www.staatsolie.com
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