New base 07 february 2018 energy news issue 1137 by khaled al awadi

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NewBase Energy News 07 February 2018 - Issue No. 1137 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE: ADNOC signs 15-year gas sales agreement with DUSUP
WAM/Rola Alghoul/Nour Salman
The Abu Dhabi National Oil Company, ADNOC, today signed a 15-years gas sales agreement
with the Dubai Supply Authority, DUSUP, for the supply of natural gas, to help meet Dubai’s
energy needs.
The agreement was signed at ADNOC’s headquarters by H.H. Sheikh Ahmed bin Saeed Al
Maktoum, Director-General of DUSUP, and Dr. Sultan Ahmed Al Jaber, Minister of State and
ADNOC Group CEO.
Al Maktoum said, "Twenty years ago this month I had the privilege to sign the gas supply
agreement drawn up under the direction of the Founding Father, the Late Sheikh Zayed bin Sultan
Al Nahyan, and the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh
Mohammed bin Rashid Al Maktoum, that resulted in ADNOC constructing the Taweelah – Jebel
Ali pipeline and the beginning of gas deliveries from ADNOC to Dubai in 2001.

It gives me great pleasure to sign again for DUSUP for the continuation of the contract. In doing
so, we believe that we are not only extending energy cooperation between Abu Dhabi and Dubai
in time, but also building on the foundations, originally laid in 1998 and reinforced over the years,
to expand the breadth and depth of our energy relations now and in the future."
Dr. Al Jaber said, "This agreement underscores ADNOC’s commitment to meeting the growing
energy needs of the UAE. We will harness our gas resources for the benefit of the nation, working
in close collaboration with our customers and partners, by making smart investments in the
development of additional gas reserves. This will enable us to deliver against our strategic
objective of providing a sustainable and economic supply of gas to the UAE."
As part of its 2030 smart growth strategy, ADNOC plans to access undeveloped tight reservoirs,
tap into its gas caps and expand sour gas production, ensuring that it delivers a sustainable and
economic gas supply to meet the UAE’s growing demand for energy. In addition, it has
commenced an exploration drilling programme to explore for, and appraise, the potential of
individual gas deposits in tight reservoirs.
Following the signing of the agreement, Sheikh Ahmed accompanied by Dr Al Jaber visited
ADNOC’s Panorama Command Centre, a key part of ADNOC’s organisation-wide digital
transformation, which will help deliver a more profitable upstream; a more valuable downstream
and an economic, sustainable gas supply.
The centre draws from data points across ADNOC’s businesses, from the upstream to the
downstream and global distribution network. Using smart analytical models and advanced artificial
intelligence platforms, it generates operational insights and recommends new pathways to
enhance performance and unlock value.

UAE: DEWA awards AED1.1 billion Expansion Al Aweer P.S
WAM/Rola Alghoul/MOHD AAMIR
The Dubai Electricity and Water Authority, DEWA, has awarded a contract for work on the 4th
phase of H-Station at Al Aweer, worth AED1.1 billion, to a consortium comprising Siemens and
ELSEWEDY Power.
"The project aims to test, supply, and commission three gas turbines with a total capacity of 815
megawatts, MW. The turbines are expected to be operational in phases starting from 29th
February, 2020, and ending on 30th April, 2020," Saeed Mohammed Al Tayer, MD and CEO of
DEWA, said.
The power station is one of DEWA’s most important projects, to help meet the growing demand
for electricity. The station is equipped with the latest control systems and technologies to reduce
emissions. The turbines will be completely fueled with natural gas.
H-Station at Al Aweer has a current total capacity of 1,996MW under climatic conditions and high
temperatures of up to 50 degrees Celsius. Once the 815MW 4th phase is complete, the station
will have a total capacity of 2,811MW.

Morocco: SDX Energy update on ONZ-7 development well
Source: SDX Energy
SDX Energy, the North Africa focused oil and gas company, has announced that the ONZ-7
well on the Sebou permit in Morocco has been completed and tested.
Using a 48/64" choke, the ONZ-7 well achieved an average flow rate of conventional natural gas
of 10 MMscf/d (million standard cubic feet per day). The well will now be shut in for several days
for a pressure build-up after which it will be connected to the local infrastructure.
Sebou concession
The Sebou concession, located in the Rharb Basin, was acquired by SDX Energy in January 2017. 2D and
3D seismic surveys have been conducted over the majority of the Sebou Concession and seventeen wells
have been drilled to date, resulting in fourteen discoveries (an 82% success rate).
Production is currently from the Miocene-aged Hoot and Guebbas Formations which are high quality
reservoir intervals with favourable properties and consistent, low-impurity gas composition Methane across
fields and units. Average production is at 5.1MMscf /day (852 boepd). SDX also acquired Circle Oil’s 75%
interest in the Kenitra industrial zone pipeline and local gas distribution network, with the concessions
production being delivered to this area via an 8” pipeline (25% owned by ONHYM). Pipeline capacity is up
to 24MMscf/d, of which 5.1MMscf/d is currently utilised.
An extensive pre-existing 2D database provides a solid foundation for future exploration and expansion
programs. In Q2 2017, SDX received confirmation of the renewal of the Sebou exploration permit for eight
years after committing to drill three exploration wells in the first four years. SDX also received confirmation
of extensions to the following producing concessions in Sebou;

Jordan approves Iraq pipeline, alternative export routes for Iraq
The National - Jennifer Gnana
Jordan's cabinet has approved a much-delayed pipeline to supply oil and gas from Basra in
southern Iraq to the kingdom's Aqaba port, as Baghdad seeks alternative routes to bring its crude
to market.
The project aims to construct a pipeline to export Iraqi oil through Jordan and to provide oil to
meet some of the kingdom's needs, state news agency Petra reported, citing a Cabinet
statement.The statement offered no further details on the project or the timeline.
Iraq, the Arab region's second-largest crude producer after Saudi Arabia, had considered building
a pipeline to bring oil from its southern Rumaila field for export from Jordan's Red Sea Port of
Aqaba, located 330km south of its capital Amman. Iraq's instability and battles with ISIL had put
the project on the back-burner.
In December 2016, Iraq's State Company for Oil Projects, which oversees the proposed Basra-
Aqaba project, invited energy companies and investors to bid to build and finance the first phase
of the pipeline from Basra to an energy station at Najaf central-south Iraq.

Ruba Husari, managing director at consultancy Iraq Insight, said the project had begun before
Iraq's conflict with the oil-rich Kurdish Regional Government intensified following last year's
independence referendum as the federal government had long-sought Red Sea access in addition
to the Gulf (via Basra) and the Mediterranean (via Turkey's Ceyhan).
"Kirkuk-Ceyhan has been problematic since 2003 with various groups bombing it at different
periods, hence the need for another option," said Ms Husari.
The pipeline linking crude from Kirkuk, one of the Middle East's oldest fields, to the Turkish port of
Ceyhan is Iraq's biggest and main export link with capacity to transport 150,000 barrels per day
(bpd). Parts of the supply line had been severely damaged during fighting between various
factions and the Iraqi government. Following the reclamation of territory from ISIL last year ,
Baghdad has pushed for reconstruction of energy infrastructure across the country, including
repair of damaged sections of the Kirkuk pipeline.
The ministry announced last October that it had boosted export capacity from Basra by 900,000
bpd to 4.6 million bpd after building a new floating terminal. The Basra-Aqaba pipeline would take
"at least a couple of years" to develop, said Ms Husari.
"They have to complete the agreements with the developers (private companies) and agree the
financing of the pipeline for both sections in Jordan and Iraq. There is still more work to do before
they get to the construction phase," she added.
Alan Mohtadi, an Iraq-focused energy analyst based in Sweden, said that it was unlikely that the
Basra-Aqaba pipeline could move soon given concerns over security that remain in the country,
even after the fall of ISIL
"The security is a major concern, I can't
see a pipeline to Jordan anytime soon,"
he said. The route of the pipeline, which
had earlier included the restive Anbar
province, has been modified to skirt
further south of the governorate and is
now "more secure," saidMs Husari.
Jordan, which shares a border with Iraq,
Syria, Israel and Saudi Arabia meets 88
per cent of its requirements through the
Arab Gas pipeline, which supplies gas
from Arish in Egypt. However, repeated
attacks on the pipeline in the Sinai
peninsula has forced the Levantine
kingdom to look for alternative sources, including renewables to meet its power requirements. The
energy-deficit country depends on oil and crude products to meet 98 per cent of its power
requirements.
The proposed Basra-Aqaba pipeline "would spur supply" to Jordan's sole refinery at Zarqa, added
Ms Husari, with Amman set to benefit from cashing on transit fees to export Iraqi crude. State
refiner Jordan Petroleum Refinery Company is currently undertaking a $1.6 billion expansion of
the facility to boost capacity to 120,000 bpd.
Jordan has also looked at developing nuclear power plants with Russia to meet its energy
requirements. The kingdom last year floated tenders to develop its first nuclear power plant, which
is estimated to cost $10bn and will be financed equally by Jordan and Russia.

Saudi Arabia rethink world's biggest IPO, Says BP CEO
— CNBC's Tom DiChristoper contributed to this report.
Saudi Arabia could be tempted to reconsider the timing of what is expected to be the biggest-ever
initial public offering (IPO) later this year, BP CEO Bob Dudley told CNBC on Tuesday. Indecision
at the highest levels of Saudi Arabia's government
is reportedly playing a major role in holding up the planned
flotation of the world's largest oil producer.
Saudi Aramco, currently a private company owned by the
government in Riyadh, is aiming for an IPO that could raise
about $100 billion and attract a valuation in the range of $1
trillion to $2 trillion later this year. But the process has dragged
on as key aspects of the share sale remain unsettled.
• Indecision at the highest levels of Saudi Arabia's government is reportedly playing a major
role in holding up the planned flotation of the world's largest oil producer.
• When Dudley was asked whether he believed Saudi Aramco's IPO was on track to take
place in the second half of 2018, he replied: "I don't know, I mean they say it will. I know
there's lots of preparation work going on. I think little dislocations in the market will make
them think again."
'Big questions'
When Dudley was asked whether he believed Saudi Aramco's IPO was on track to take place in
the second half of 2018, he replied: "I don't know, I mean they say it will. I know there's lots of
preparation work going on. I think little
dislocations in the market will make them think
again."
"The big questions are if they do, when? And
where would they list? I think that debate seems
to me to be alive and well," he said. The IPO is
the centerpiece of Saudi Arabia's plan to diversify
its oil-dependent economy. It also stands to
create a huge windfall for the army of bankers
and lawyers involved in the offering.
Meanwhile, Saudi officials have claimed preparatory work regarding the IPO has been completed.
However, some key issues — such as where to list — rest with the government.
'Huge amount of uncertainty'
Saudi Crown Prince Mohammed bin Salman is believed to favor listing Saudi Aramco in New
York, while officials, including Energy Minister Khalid al-Falih, have reportedly said London could
be a better fit. Hong Kong is also in contention.
Another option is a Saudi listing alongside an international exchange. A domestic listing and a
private sale to a strategic investor — possibly from Beijing — is a third possibility. "There's a
huge amount of uncertainty and I think that uncertainty is actually coming from the Saudis
themselves to be perfectly honest," Nick Coleman, senior oil analyst at S&P Global Platts, told
CNBC on Tuesday.

U.S. Oil Heads to Middle East in Latest Sign of Shale's Spread
Bloomberg - Sheela Tobben
U.S. oil headed to the Middle East in December, an unthinkable trip just a few years ago.
The United Arab Emirates purchased condensate from the U.S. in December, according to a
person with direct knowledge of the matter who asked not to be named because he isn’t
authorized to speak to media. The cargo will be used to meet requirements for its condensate
splitters, the person said, adding that it preferred to buy the oil from the U.S. because it has
superior quality to that sourced from the region.
“As a member of OPEC and a large crude producer, I would imagine they would be very self-
sufficient in their own crude supply,” said Andy Lipow, president of Lipow Oil Associates. The
purchases of U.S. oil aren’t likely to continue, given the U.A.E.’s own supply, Lipow said.
A shipment of American oil to the Middle East is the latest sign of how the shale boom and the
lifting of a ban on U.S. exports has changed the flow of petroleum around the world. U.S.
production is expected to grow by 2 million barrels a day between February 2017 and November
this year, according to the Energy Information Administration. Exports have increased from a little
more than 100,000 barrels a day in 2013 to 1.53 million in November.
U.S. Exports
The U.S. exported about 700,000 barrels of light domestic crude in December to the U.A.E., the
Census Bureau reported Tuesday. It’s the fourth-largest OPEC producer’s first cargo of U.S. oil,
according to EIA data. The Middle Eastern country typically brings in extra-light oil, known as
condensate, to process in a unit known as a splitter.
The cargo was shipped from Enterprise Products Partners LP’s Houston terminal on the tanker
Seoul Spirit, which arrived Jan. 31 at the Port of Ruwais in Abu Dhabi, according to ship tracking
data compiled by Bloomberg.
Until last year, the U.A.E. relied on Qatar for its condensate supply. But the two countries are
embroiled in a political dispute, and the U.A.E. decided in June to banall petroleum ships from
Qatar.

Saudi Aramco and Petronas Are Close to Raising B$8 Loan
Bloomberg + NewBase
Saudi Arabian Oil Co. and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to
partly finance the construction of a planned refinery and a petrochemical complex in the Southeast
Asian nation, people familiar with the matter said.
The Middle Eastern oil giant, known as Aramco, and Petroliam Nasional Bhd. could sign the loan
agreement as early as next month, said the people, who asked not to be identified because the
information is private. BNP Paribas SA, HSBC Holdings Plc and Bank of Tokyo-Mitsubishi UFJ
Ltd. are among lenders that have agreed to provide financing, the people said.
The complex is part of a $27 billion project known as Refinery and Petrochemicals Integrated
Development, or RAPID, in Malaysia’s southern state of Johor that’s due to come on stream in
2019. Aramco agreed to invest $7 billion for half of the oil refinery and petrochemical plant last
February as it seeks to defend its status as the world’s biggest exporter and fend off rivals in Asia,
the biggest market for its crude.
Aramco said it doesn’t comment on ongoing business plans and transactions, while Petronas
declined to comment.
The RAPID project, which was announced in 2011, borders the traditional Asian oil trading and
refining center of Singapore. It will include a 300,000 barrel-a-day refinery, which can produce
fuels that meet Euro 5 emissions standards, as well as provide feedstock for a connected
petrochemical plant, according to Petronas.
For Aramco, the deal is part of its long-standing strategy of investing in refining to help lock in
demand for its crude. The Saudi firm is battling for global market share amid competition from
U.S. shale oil producers, Russia and even fellow members of the Organization of Petroleum
Exporting Countries as it prepares for what could be one of the world’s largest initial public
offerings.

Egypt gas sector experiencing renaissance: report
REUTERS + Elsayed Solyman, Daily News Egypt
Egypt - A recent report issued by Capital Economics said that Egypt’s gas sector is expected to
play a key role in boosting the economy in the few coming years.
Last week, Egypt’s President Abdel Fattah Al-Sisi inaugurated the Zohr gas field which, combined
with the onset of production from a number of other fields, will provide a sizeable boost to GDP
growth over the next few years and also help to rein in the country’s large twin budget and current
account deficits.
That said, investment into the gas sector will need to be raised further if these gains are to be
sustained beyond the next five years. The inauguration of the Zohr gas field followed the
announcement late last year by Italian energy company Eni that it had commenced initial
production from the field.
The start of production from
Zohr, combined with that from
the Atoll field at around the
same time and from the West
Nile Delta development earlier in
2017, marks another milestone
in the turnaround of Egypt’s
energy sector over the past
couple of years.
Historically, Egypt has been an
exporter of gas, but the sector
had struggled in recent years as
a confluence of factors deterred
international oil companies from
investing in Egypt. In turn,
faltering production meant the country became a net gas importer in 2015.
At the same time, insufficient gas supplies resulted in electricity benefits from the start of
production from Zohr, preventing blackouts that hampered economic activity. The start of
production at Zohr and the West Nile Delta will bring substantial economic benefits to Egypt.
This is likely to play out through a number of channels. First, a rise in natural gas production will
directly boost GDP growth. Initially, output from Zohr is likely to be around 0.35bn cubic feet per
day, the report noted.
“By our estimates, that will translate into a 2.8% increase in the level of Egypt’s real GDP over the
next three years. Most of the boost is likely to come this year, particularly if the government
manages to persuade Eni to accelerate production from Zohr, followed by a smaller increase in
2019-20,” the report concluded.
Egypt will be a net gas exporter this year for the first time since 2014. Petroleum Minister Tarek
El-Molla stated the country has already started to scale back its gas imports and hopes to bring
them to a halt by the end of this year.

NewBase February 07 - 2018 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Oil prices rise on report of lower U.S. crude inventories
Reuters + Bloomberg + NewBase
Oil prices rose on Wednesday, lifted by a report that U.S. crude inventories fell last week,
although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh
on crude.
Brent crude futures were at $67.44 per barrel at 0751 GMT, up 58 cents, or 0.9 percent, from the
previous close. U.S. West Texas Intermediate (WTI) crude futures were at $63.88 a barrel. That
was up 49 cents, or 0.8 percent, from their last settlement.
The market was supported by a report by the American Petroleum Institute (API) on Tuesday
saying that U.S. crude inventories fell by 1.1 million barrels in the week to Feb. 2 to 418.4 million
barrels, traders said.
A group of oil producers around OPEC and Russia have been withholding supplies since last year
to tighten supplies and prop up prices. The cuts are set to last through 2018.
Oil price special
coverage

“Evidence points to a global inventory market that has arguably already balanced – with days of
forward cover in the low single digits or possibly even lower - which should support the spot price
going forward,” said Richard Robinson, manager of the Ashburton Global Energy fund.
Other analysts, however, warned of the risk of lower oil prices, both from financial markets and
because of weaker seasonal demand. In the short-term, demand is expected to slow due to
refinery maintenances at the end of the northern hemisphere winter season.
“The combination of rising risk-aversion and fading short-term fundamental support continues to
put downward pressure on oil,” said Ole Hansen, head of commodity strategy at Saxo Bank.
Looming over oil markets is rising U.S. crude production, which has already soared by 18 percent
to almost 10 million barrels per day (bpd). The U.S. Energy Information Administration (EIA)
expects U.S. output to rise to an average of 10.59 million bpd in 2018, and then 11.18 million bpd
by 2019.
That would be more than top producer Russia, which pumped on average 10.98 million bpd out of
the ground in 2017.
“With all the chatter about U.S. production ramping up, there could be a growing propensity to
move lower near-term,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage
Oanda in Singapore.
The EIA also lowered its U.S. oil demand growth forecast for 2018 from 470,000 bpd to 450,000
bpd.
Futures in New York rose as much as 1.3 percent, following a 1.2 percent drop in the previous
session as a flight from risk shook assets around the world. While equity markets are clawing back
on calls to ‘buy the dip,’ crude’s advance is being driven by industry data that showed an
unexpected decrease in U.S. stockpiles. Investors are watching if government data also surprises
with a decline when it’s released on Wednesday.

As calm returns to markets, Goldman Sachs Group Inc. stuck to its bullish call on commodities,
saying the recent global selloff only bolsters its view that raw materials are set to perform well in
months ahead. Still, crude is struggling to extend last month’s gains that were largely driven by a
weaker dollar, on speculation that U.S. output will impede efforts by OPEC and its allies to curb a
glut.
“What’s happening in the U.S. has become critical to the oil market, whether it’s inventories and
production figures or the movement in the greenback,” Will Yun, a commodities analyst at Hyundai
Futures Corp., said by phone from Seoul. “While oil prices are likely to be supported at this level
after its correction, the upcoming U.S. data will be the deciding factor” for future prices.
Barrels Bounce
West Texas Intermediate for March delivery rose as much as 79 cents to $64.18 a barrel and
traded at $63.88 as of 11:39 a.m. in Singapore. The contract fell 76 cents to $63.39 on Tuesday.
Total volume traded was about 16 percent above the 100-day average.
Brent for April settlement rose 46 cents to $67.32 a barrel on the London-based ICE Futures
Europe exchange, snapping a three-day decline. The global benchmark crude traded at a
premium of $3.73 to April WTI.
The American Petroleum Institute was said to report U.S. crude stockpiles slid 1.05 million barrels
last week, with storage also shrinking at tanks in the key hub of Cushing, Oklahoma. Nationwide
inventories probably rose by 3.15 million barrels, according to a Bloomberg survey before a report
from the Energy Information Administration due Wednesday.
Other oil-market news:
Asian equities rallied, with some energy stocks eking out gains after tumbling on Tuesday. Cnooc
Ltd. added as much as 2.6 percent in Hong Kong, rebounding from a drop of more than 5 percent.
Japan’s Inpex Corp. jumped as much as 4.7 percent after sliding 4.3 percent in the previous
session.
Crude volatility continued higher, with the Cboe/Nymex Oil Volatility Index rising 6.2 percent on
Tuesday after its biggest one-day gain since December at the start of this week.
Gasoline futures added 1 percent to $1.8231 a gallon, snapping a four-day decline.

NewBase Special Coverage
News Agencies News Release February 07-2018
Toyota's China Crisis
David Fickling
The world's biggest carmaker 1 and the world's biggest car market should be made for each other.
So why is Toyota Motor Corp. misfiring in China?
As recently as 2015, it was the No. 2 marque in the country, behind the eternally dominant
Volkswagen AG. 2 Since then, though, sales have flatlined, while rivals have picked up their
game. In December, even Hyundai Motor Co. -- still recovering from an informal boycott
thanks to political tensions between South Korea and China -- shifted more units, leaving Toyota
barely clinging on in the top 10.
Relegation League
Toyota's December sales in China barely left it in the top 10 marques, after being No. 2 in 2015
Source: Bloomberg Intelligence
Part of the problem lies in its model range. The category that's taken the Chinese market by storm
has been the subcompact SUV, which fits the styling of a Land Cruiser into the parking space of a
Corolla.
Toyota hasn't had a contender in that segment, leaving the market wide open for the likes of
Honda Motor Co.'s XR-V and Geely Automobile Holdings Ltd.'s Emgrand X7. The roll-out this year
of the C-HR, with a high top and a wheelbase barely longer than a Yaris, should help matters --
but it's late to the game.
There's also a shortage of manufacturing capacity. A target of selling 1.4 million cars in China
during 2018 should be considered a "stretch goal" that will be hard to achieve without upgrading
production lines, Reuters reported last week, citing company insiders.

Even then, Toyota would almost certainly find itself trailing VW, Honda and Geely -- not to mention
General Motors Co., which shifted more than 4 million units last year if you put all its marques
under a single umbrella.
Silver Surfer
Toyota is closing in on Ford for second place in the U.S. car market
Source: Bloomberg Intelligence
Note: Shows quarterly sales.
One could argue that a company with almost half of Japan's domestic market that's gunning
against Ford Motor Co. for the No. 2 position in the U.S. can afford to bide its time -- especially
given the changes looming as Beijing strives to electrify the country's auto industry. In Europe,
Toyota has been perfectly happy for many years with a market share that trails even premium
marques like BMW AG and Daimler AG, and in India it's a relatively minor presence.
Financial results out Tuesday showed Toyota generated operating income of 673.6 billion yen
($6.2 billion) for the third quarter, beating estimates. The Japanese carmaker also raised its profit
forecast for the third time this fiscal year, helped by America's love for SUVs. Operating profit is
now expected to rise to 2.2 trillion yen in the 12 months ending March 31, from a 2-trillion-yen
forecast in November.
Toyota also has some potential strengths in China that may be underappreciated. Its sales of
hybrid cars there have been dismal of late, with the mighty Prius typically shifting no more than a
few dozen a year -- but with plug-in hybrid versions of the Corolla and Levin models reported to be
coming, that could turn on a pin.
Beijing plans to treat plug-in hybrids -- which use batteries as their main power supply, rather than
conventional hybrids that are mainly dependent on the engine -- as essentially the same as fully
electric cars. Given the steep learning curve that fully electric vehicles are facing to fulfill China's
mandates and make a profit, that halfway-house approach might prove potent for Toyota.
Still, no automobile company with ambitions to global dominance can afford to let things slide in
the world's biggest car market. Nor one that wants to keep on the right side of its local joint
venture partners, FAW Car Co. and Guangzhou Automobile Group Co.
With Geely in aggressive expansion mode, Nissan Motor Co. planning to spend 1 trillion yen in
China to crack the electric car market, and even Hyundai and Kia Motors Corp.targeting 1.35
million units in the country this year after a horror 2017, Toyota risks being left behind.
Patience is a virtue -- but if you're not aiming at pole position, you risk ending up in the pits.
This column does not necessarily reflect the opinion of NewBase and its owners.

NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
The Editor :”Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced daily (Sunday to Thursday) and
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For additional free subscription emails please contact Hawk Energy
Khaled Malallah Al Awadi,
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Khaled Al Awadi is a UAE National with a total of 28 years of experience in
the Oil & Gas sector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy
consultation for the GCC area via Hawk Energy Service as a UAE
operations base , Most of the experience were spent as the Gas Operations
Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility &
gas compressor stations . Through the years, he has developed great
experiences in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of supply routes. Many years were spent drafting, &
compiling gas transportation, operation & maintenance agreements along with many MOUs for the
local authorities. He has become a reference for many of the Oil & Gas Conferences held in the
UAE and Energy program broadcasted internationally, via GCC leading satellite Channels.
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase February 2018 K. Al Awadi

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