New base 529 special 29 january 2015

Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
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NewBase 29 January 2015 - Issue No. 529 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Saudi average oil output forecast at 9.6MBPD in 2015
Saudi Gazatte + NewBase
In a very competitive global oil market, with ample supply from non-OPEC sources, Saudi
Arabia’s full year average crude production in 2015 is projected to reach 9.6 mbpd, declining
slightly to 9.4 mbpd in 2016, Jadwa Investment, a leading Saudi Arabian private equity house and
investment bank headquartered in Riyadh, said in its latest Quarterly Oil Market Review released
Wednesday.
The continued economic growth and the staggered start-up of the 0.4 mbpd Yasref refinery are
expected to push up domestic oil demand in 2015, the reported noted.
Saudi Arabian consumption, including both refinery intake and direct crude burn, averaged 2.5
mbpd, year-to-November in 2014, up 25 percent, compared to the same period last year. The
report attributed the sharp rise in oil demand to the start-up of the 0.4 mbpd Satorp refinery in Q4
2013, which pushed up refinery intake levels in 2014. Saudi Arabian crude production was down
only slightly by 1 percent in Q4 2014, year-on-year, to 9.6 mbpd, taking the 2014 average
production to 9.7 mbpd.

In 2014 Saudi Arabia witnessed increased competition in two of its key export markets, the US
and China. Saudi exports to the US were steady at around 1.4 mbpd in H1 2014 but dropped to
just below 1 mbpd in H2 2014. Saudi Arabia continues to face competition in the Asian market
with other Middle Eastern suppliers also cutting official selling process (OSPs) to Asia, underling
the trend in discounting.
According to OPEC data, global demand in
Q4 2014 increased by 1.4 mbpd, year-on-
year, with 1.3 mbpd of increases from non-
OECD countries and a rise in 0.1 mbpd in
OECD countries. The report underscored that
a $20 per barrel decline in oil prices will bring
about and estimated 0.25 percent increase in
global GDP over a year, which in turn, will
spur demand for oil.
Despite prices dropping below $50 per barrel
at the beginning of January, the report sees
prices recovering to $79 per barrel for 2015 as a whole, supported by stockpiling of crude, the
occurrence of contango (under which circumstance the futures price of a commodity is above the
expected future spot price) resulting in some surplus leaving the market, a quicker than projected
reduction in US shale oil and a pickup in demand due to improvements in global economic growth.
Brent prices dropped 25 percent in Q4 2014, to $77 per barrel, quarter-on-quarter, pushing full
year 2014 prices to an average of $99.4 per barrel, below the previously forecast price of $102.
The report projected that current low oil prices will persist into the first quarter of 2015 as
surpluses in global oil balances peak in the absence of cuts from OPEC.
Moreover, Jadwa report underlined that there is the possibility that US shale oil supply will not
respond to lower prices until after the second half of 2015, resulting in a steeper surplus in global
balances than forecast by OPEC.

Saudi petro-chem Sadara & Chemie-Cluster Bayern in JV
Sadara + SG + NewBase
Sadara Chemical Company (Sadara) and Chemie-Cluster Bayern GmbH (CCB) have
signed recently an agreement to cooperate and jointly support the development of
Chemical based value chains in PlasChem Park in Jubail. The agreement will primarily
focus on the identification and attraction of German and European Small and Medium
Enterprises (SMEs) working in the chemicals industries to establish a presence in
PlasChem Park, which is a collaborative effort by Sadara and the Royal Commission for
Jubail and Yanbu (RCJY). The signing was co-initiated by the German-Saudi Arabian
Liaison Office for Economic Affairs.
Mohammad Alazzaz, Director of Value Park at Sadara (right) and Daniel Gottschald, Managing
Director of Chemie-Cluster Bayern GmbH (center) during the signing of cooperation agreement
Under the terms of the agreement, Sadara and CCB will collaborate to identify promising
market opportunities in Saudi Arabia for chemical companies, in particular SMEs with a
specific interest in opening or expanding operations in the Kingdom and connect those
companies with the right partners to drive their success.

A key factor of the agreement is the PlasChem Park project, a 12-square-kilometer site in
Jubail Industrial City II, located next to Sadara’s new manufacturing complex and devoted
exclusively to chemical and conversion industries. PlasChem Park offers tenants easy
access to Sadara’s differentiated product slate, as well as inputs from other local
petrochemical producers, enabling downstream industries based on polyurethane, amines,
glycol ether, polyethylene, propylene glycol and other products.
Building on the knowledge that both Sadara and CCB have developed the Saudi chemical
market, the agreement will also help the two parties identify hidden local market potential
where joint business development efforts can be more effective than those of individual
SMEs. Member companies of the CCB network will benefit by being able to capitalize on
downstream investment opportunities, thereby establishing or expanding their
manufacturing presence into the Kingdom, leveraging the friendly business environment,
the availability of differentiated raw materials, the robust infrastructure and the shared
services to be made available at Sadara’s PlasChem Park complex.
CCB is a German public-private partnership organization initiated by the state government
of Bavaria, chemical industry associations, several Bavarian universities and research
organizations. It represents a network of about 270 companies and research institutes
from Bavaria’s chemical industries. CCB’s member companies have an export rate of
more than 65% of their total sales and represent leading solution providers for a broad
portfolio of chemical products and value chains.
“Our partnership with CCB will support our ongoing efforts in the development of the
Kingdom’s value-added downstream industry. The Kingdom is driving downstream
development in many sectors, and we are actively working to develop new downstream
opportunities in the chemicals industries. The rewards of this mutually beneficial
relationship will spread throughout the Saudi economy and help diversify the Kingdom’s
industrial portfolio,” said the Director of Value Park at Sadara, Mohammad Alazzaz. The
Value Park team is responsible for promoting and developing differentiated chemical
downstream opportunities to be located in the Jubail PlasChem Park.

Kuwait Cuts Diesel Fuel Prices After Political Pressure
KUNA
Kuwait has cut selling prices of diesel and kerosene at filling stations after political opposition
to price hikes underlined the difficulty of reforming the country’s welfare system, even as the
loss of oil revenues makes reform more urgent.
On Jan. 1, the government raised the price of diesel at wholesalers and filling stations to
0.170 dinar (59 U.S. cents) per litre from 0.055 dinar. Kerosene prices also increased. The
changes aimed to reduce the burden of lavish subsidies on state finances. State news agency
KUNA estimated that diesel price reform would save the government around $1 billion a year.
Although the new prices of diesel and kerosene were still among the lowest in the world, the
politically sensitive decision prompted heavy criticism of government policy by some members
of parliament, who argued it was unfair to consumers.
On Wednesday, state refiner Kuwait National Petroleum Co (KNPC) cut diesel and kerosene
prices back to 0.110 dinar, effective from Feb. 1, KUNA reported. It quoted KNPC spokesman
Khalid al-Asousi as saying that from now on, domestic prices of the fuels would be reviewed
monthly according to developments in the global markets.
KNPC will continue to supply certain parties, including those with very large demand for the
fuels, at the old, subsidised price of 0.055 dinar, he said.
Cutting subsidies has become more important for Kuwait’s government with the plunge in
global oil prices, which has slashed state export revenues. Earlier this week, the finance
ministry projected a budget deficit of 8.23 billion dinars for the next fiscal year starting in April.
After the controversy over the diesel subsidy reform, Oil Minister Ali al-Omair said early this
month that the government had decided to postpone any removal of subsidies from petrol,
electricity and water. He did not say when authorities might resume considering the reforms.

S.Sudan: oil production rises to 169,000 bpd - oil ministry
Reuters + NewBase
South Sudan's oil production has risen by about 9,000 barrels per day (bpd) to 169,000 bpd from
December last year, petroleum minister Stephen Dhieu Dau said on Tuesday, despite sporadic
fighting near oil-producing fields.
Production has been
slashed by about a third
since fighting broke out in
the world's newest state in
December 2013, with many
South Sudanese oil wells
damaged and output in
decline at functioning fields
due to a dearth of spare
parts. 'We (were) producing
at the average of 160,000
but it has been increased
now from the beginning of
this year.
It has gotten to 168,000 to
169,000,' Dau told reporters
in the capital Juba. He said
all the production was taking
place in Upper Nile State but
did not elaborate why
production was rising.
South Sudan officials last
year said that former foe
Sudan was planning to send
equipment and engineers to
boost output in Upper Nile
State and Unity State, the
two oil-producing regions.
South Sudan relies almost
exclusively on oil for
government funds. Last year
oil revenues were hit by a decline in output
and falling oil prices on global markets.
Violence erupted over political tension
between President Salva Kiir and his sacked
deputy and rival, Riek Machar. The fighting
has killed more than 10,000 people, caused
more than 1.5 million to flee and driven the
country of 11 million closer to famine.

US: Lower 48 states’ oil production outlook stable
despite expected near-term reduction in rig count
Source: U.S. Energy Information Administration, January Short-Term Energy Outlook
The sharp decline in oil prices over the last quarter of 2014, which has continued in January, is
already having a significant effect on drilling activity in the United States, as shown by the 16%
decline in the number of active onshore drilling rigs in the Lower 48 states between the weeks
ending on October 31, 2014 and January 23, 2015, according to data from Baker-Hughes.
Moving from what has happened to forecasting the future is challenging, in part because market
expectations of uncertainty in the price outlook have increased as reflected in the current values of
futures and options contracts. When the latest edition of EIA's monthly Short-Term Energy
Outlook (STEO) was issued on January 13, the 95% confidence interval for market expectations
for prices in December 2015 was extremely wide, with upper and lower limits of $28/barrel (bbl)
and $112/bbl, respectively. The growing uncertainty surrounding oil prices presents a major
challenge to all price forecasts. EIA's January STEO forecasts Brent crude oil prices averaging
$58/bbl in 2015 and $75/bbl in 2016, with annual average West Texas Intermediate (WTI) prices
expected to be $3/bbl to $4/bbl lower.
Should its price forecast be realized, EIA projects that the number of operating rigs will decrease
by approximately 24% from January to October 2015 before beginning to rebound in November
2015. However, the outlook for Lower 48 production reflects more than just the rig count. Other
key factors include the efficiency of drilling, which EIA tracks in its Drilling Productivity Report, the
rate of decline in production from existing wells, and changes in the amount of time between the
start of drilling (called spudding) and the completion of the well.

As discussed in a previous Today in Energy article on the effect of declining crude oil prices on
U.S. production, permits and drilling in North Dakota declined during the financial downturn of
2008-09, but production rates did not decline as substantially.
At the time of the July 2008 oil price peak, drilling activity in the Bakken-Three Forks formations
outpaced well completion activity as increasing numbers of wells were drilled. Averaging about 70
days before the oil price peak, spud-to-completion times almost doubled within two months,
reaching more than 130 days.
This increase created a backlog of wells that had been drilled but not yet completed. As fewer
wells were drilled during the subsequent drop in oil prices, the spud-to-completion times
decreased. Increased drilling activity in the Bakken since 2011 has once again increased spud-to-
completion times, which have stabilized at more than 120 days per well, almost twice previous
minimum levels.
This backlog of wells acts as a cushion for production rates, offsetting the more immediate
decreases in drilling and permitting activity. At most major plays in the United States, the backlog
currently ranges from three to seven months.
When drilling activity remains at reduced levels long enough to outlast the cushioning effect of the
well-completion backlog, the number of new wells brought online will begin to decrease, which can
eventually reduce production rates.
While the cushion provided by the well-completion backlog changes from formation to formation,
EIA's forecast of rising crude oil prices in the second half of 2015, if realized, is expected to be
accompanied by a stabilization of drilling activity that would be sufficient to prevent a substantial
production decline in the Lower 48 region. Different outcomes are entirely possible under other
price scenarios.

Oil Price Drop Special Coverage
Iraq Oil Surge to Fan OPEC Rivalry That Triggered Slump
Bloomberg + NewBase
The battle for customers among OPEC members that helped trigger oil’s collapse is about to
escalate.
Iraqi crude production is climbing from a 35-year high as it adds growing Kurdish supplies to its
exports, while southern oilfields remain unscathed by Islamic State militants. Finding customers
for the new output means offering more attractive terms than rivals in the Organization of
Petroleum Exporting Countries, say Citigroup Inc., DNB ASA and Barclays Plc.
Oil’s biggest slump in six years gained momentum in October as a wave of discounts by Middle
Eastern producers signaled OPEC members were intent on defending market share against
booming shale output from the U.S. The price of Saudi crude for Asian buyers was cut to the
lowest in at least 14 years last month, a move followed by Iraq, Kuwait and Iran.
“This price war is not just between Saudi Arabia and the U.S., it’s also intra-OPEC,” said Seth
Kleinman, head of European energy research at Citigroup in London. “Iraq and the U.A.E and
everyone else is cutting prices to defend their own market share. Iraq is ramping up production
and has rising volumes to move.”
Brent crude, the international benchmark, fell 48 percent last year, the biggest drop since 2008
amid a production surplus estimated by OPEC at about 1.5 million barrels a day. The slide

continued this month to the lowest since March 2009. Brent for March settlement lost 67 cents to
$48.93 a barrel on the ICE Futures Europe exchange in London at 12:12 p.m. Singapore time on
Wednesday.
Record Output
The discount on shipments of Iraq’s Basrah Light grade to Asia -- at $3.70 a barrel to the average
of regional benchmarks Oman and Dubai crude in February -- remains near the widest since at
least August 2003. Saudi Arabia set the discount for its Arab Medium blend at $2.80 on Jan. 5.
Iraqi crude output has hit a record 4 million barrels a day, Oil Minister Adel Abdul Mahdi said in
Baghdad on Jan. 18. Average monthly output rose 290,000 barrels a day to 3.7 million in
December, the most since 1979, the International Energy Agency, a Paris-based adviser to 29
developed nations, said in a report on Jan. 16.
Exports from the Kirkuk oil field, which neighbors the Kurdish region in northeast Iraq, resumed for
the first time since March following a deal in December between the central government and the
semi-autonomous Kurds. Kirkuk crude, halted amid attacks by Islamist fighters, can now be
shipped to Turkey using the Kurds’ pipeline. Exports from the south have also surged and are
scheduled to reach a record 3.3 million barrels a day in February, the IEA estimates.
Iraqi Production
OPEC agreed in Vienna on Nov. 27 to maintain its production ceiling of 30 million barrels a day,
resisting calls for cuts from members including Venezuela and Libya. The group pumped 30.2
million barrels a day last month, exceeding its target for the seventh consecutive month as Iraq
expanded output by 150,000 barrels a day, according to data compiled by Bloomberg.
Iraq needs to keep increasing oil production because tumbling global prices have reduced
government revenue by about 50 percent, Deputy Prime Minister Rowsch Nuri Shaways said at
the World Economic Forum in Davos, Switzerland on Jan. 21.
“It is escalating the price war,” Torbjoern Kjus, an analyst at DNB in Oslo, said by e-mail. “For
most OPEC producers the rationale is that the lower the oil price, the more they are incentivized to
produce to make up for the price loss.”
Saudi Discount
In October, Saudi Arabia set the discount on its November sales to Asia to the widest since 2008,
preceding a series of price cuts by other Gulf nations that Citigroup, Commerzbank AG and Iraq’s
oil minister described as a “price war.”
The reductions gave an early signal that OPEC’s Gulf members would opt to defend their market
share against growing U.S. shale supplies, rather than cut output to boost prices. Brent futures
have plunged 36 percent since the group’s decision to maintain production levels.
“With so much crude expected to come on, you have to market a little bit aggressively sometimes
just in order to get your crude to the market,” Eugene Lindell, the senior crude-market analyst at
consultants JBC Energy GmbH, said by phone from Vienna on Jan. 22. “They’re already fairly
steeply discounted if you look at Basrah Light versus Arab Medium, and it’s quite possible that
discount could widen further.”

Other analysts weren’t convinced. The price differentials set by producers are adjusted mostly to
reflect changes in refiners’ profitability, rather than to serve as instruments for competition,
according to Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas SA in
London.
Kurdish Pipeline
The accord on Dec. 2 between Iraq’s central authorities and the Kurdistan Regional Government,
easing years of friction over the Kurds’ right to export oil independently, enables 550,000 barrels a
day to be shipped via the Kurdish pipeline to the Turkish port of Ceyhan. About 250,000 will flow
from Kurdish territory and 300,000 from Kirkuk in northern Iraq, previously blocked by Islamic
State.
Exports from the Kurdish region, which has independently signed deals with international
companies deemed illegal by Baghdad, have been accelerating. The region is moving 400,000
barrels a day through the pipeline to Turkey it built last year, and will reach 1 million barrels a day
on the link by the end of 2015, KRG Natural Resources Minister Ashti Hawrami said in London on
Dec. 17.
“Iraq’s holding on quite well,” Miswin Mahesh, an analyst at Barclays in London, said by phone on
Jan. 21. “They’ll say they have every right to sell it on the market, and they might even sell at
distressed prices.”
UAE:Moody’s sees Abu Dhabi weathering slowing economy
amid weak oil prices. The National + NewBase
Abu Dhabi’s economic growth is forecast to slow this year if oil prices remain in their current
range, although the credit rating agency Moody’s Investors Service said the government is in a
strong position to weather the downturn.
In its latest assessment, Moody’s estimated that the emirate’s economic growth rate would slow
this year – to below 3 per cent, from an estimated 4.1 per cent last year – because of a huge drop
in oil revenues.
Nominal GDP – economic activity before accounting for inflation – will contract by 18 per cent this
year if oil prices average US$55 a barrel, and by 25 per cent if oil prices average $40, Moody’s
said. Abu Dhabi will be able to maintain spending by drawing on its vast assets and running a
slight deficit (forecast to be 1.1 per cent of GDP this year).
In the past month, the world benchmark North Sea Brent crude has averaged just below $50 a
barrel, compared to an average last year of just below $100.
Abu Dhabi’s nominal GDP is estimated to have been $262 billion last year, according to Moody’s,
which cites national statistics and the IMF. Abu Dhabi’s economy is much more heavily dependent
on oil than the UAE as a whole. The oil sector accounts for about 55 per cent of Abu Dhabi’s
GDP, compared to 39 per cent for the UAE as a whole.
Oil is more important than those percentages might indicate as it makes up about 80 per cent of
the revenues of the Abu Dhabi government, which in turn shoulders a large share of the federal
government’s financial burden. Although its budget runs at a deficit below $80 a barrel of oil, the

Abu Dhabi government maintains a high credit rating which Moody’s says “reflects our expectation
that resources accumulated during the recent period of high oil prices and a prudent budgeting of
oil proceeds will mitigate the negative consequences of oil price volatility on the country’s fiscal
and external accounts”. But a prolonged period of lower oil prices is a potential threat.
“What really is dragging on Abu Dhabi’s finances is spending on the federal budget – health,
education, roads and the like,” said Mathias Angonin, a Dubai-based analyst in Moody’s sovereign
risk group “All the increases in spending in recent years would be very hard to reverse.”
Yet, Abu Dhabi – and the UAE as a whole – may be facing a very different financial future if oil
prices do not return to the levels they averaged in the previous four years. “It is an end to the
golden years,” said Mr Angonin. “Going forward, it is very unlikely we’ll go back to those
conditions.”
In Billions U$

Abu Dhabi’s ability to weather the storm comes from its very strong financial position, with
reserves derived from several consecutive years of fiscal surpluses. Abu Dhabi’s sovereign wealth
fund, the Abu Dhabi Investment Authority, is conservatively estimated by the Institute of
International Finance to have been worth $498 billion as of 2014, Moody’s noted.
Other strengths include a sound policy framework, political stability and a very high per capita
income. Abu Dhabi’s central government debt is low, at $7.2bn, or 2.7 per cent of Abu Dhabi GDP
However, Moody’s warned, “beyond 2015, a prolonged period of low oil prices would lead to the
crystallisation of contingent liabilities on the government’s balance sheet, and accelerate the
erosion of fiscal buffers.“
The condition liabilities refers to the debt that may be in semi-government institutions. Indeed, Abu
Dhabi’s “credit constraints” include the “large contingent liabilities residing in the debt of its
government-related issuers” as well as other emirate governments it supports.
Even if oil prices rebound somewhat by the end of this year and beyond, Abu Dhabi – and the
UAE as a whole – will need to continue the financial reforms that already been subject to a
rollback in some subsidies, such as cheap utilities prices, as well as continued efforts to diversify
the economy away form such heavy dependence on the hydrocarbon sector, Moody’s says.
Russia unveils $35bn anti-crisis plan,
Reuters + NewBase
Russia announced a $35bn “anti-crisis” spending plan yesterday to bail out an economy battered
by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be
enacted this year to pay for it.
The 2.34tn rouble spending plan includes 1.55bn roubles to support banks, most of which was
already announced last year and which many analysts say is still a fraction of what Moscow will
have to spend to keep its lenders afloat.
The plan focuses mainly on bailing out banks and big companies to help them weather the
immediate impact of the crisis, at the expense of long-term development programmes. Extra

money would also be spent to increase pensions in line with higher-than-expected inflation.
“This plan is something like a cushion to avoid a rapid deterioration in Russia and support several
of the most important economic agents (and provide) social support,” said Sberbank chief
economist Yulia Tseplaeva.
President Vladimir Putin has ordered that defence and social spending cannot be cut,
underscoring his focus on preserving Russia’s international might and social stability.
Despite these constraints, Finance Minister Anton Siluanov said on Tuesday that the anti-crisis
plan would not add to total budget expenditures, because of budget reserves and cutbacks
elsewhere.
The plan said the government would cut “the majority” of its planned expenditures by 10% in
2015, except for defence, social spending and debt repayments, with a view to balancing the
budget by 2017. But it gave few details on those cuts, beyond saying that some long-term
investment projects would be delayed.
Ivan Tchakarov, Russia economist at Citibank, said that the plan was necessarily vague, as
Moscow has yet to revise its budget and macroeconomic forecasts for this year.
“It’s a typical government-led programme. It focuses on subsidies,” he said. “I haven’t seen any
particular measure that strikes me as a structural reform, it’s just talk.”
Some major items in the plan are being financed from the National Wealth Fund, an $80bn
sovereign fund that had previously been assigned to fund infrastructure projects.
Among the priority measures, the largest single item is a 1tn rouble programme to recapitalise
banks through the issue of government bonds, which has already been funded from last year’s
federal budget.
Banks will get a further 550bn roubles from the National Wealth Fund. This includes 300bn
roubles for Vnesheconombank, the state development bank, to increase “lending to organisations
of the real sector”.
Many analysts think this is still a fraction of what Russia will have to spend to keep its banking
sector afloat as businesses lose the ability to service their loans and banks are hit by much higher
financing costs.
Citibank’s Tchakarov said that the support measures were narrower than similar ones enacted in
a previous crisis in 2008-2009, reflecting more limited resources this time. “Now they’re much
more selective, with support for key strategic enterprises, which is why I think this time we are
going to see some corporate and bank defaults,” he said. “You cannot support everyone in the
current environment.”
The plan “isn’t something to get too excited about”, he added. “But at least they still have some
money to spend, some buffers to use.” Among the uncosted items, the plan said the government
would collect proposals by January 30 for creating a “bad bank” to ring fence problematic banking
assets. The plan includes 200bn roubles in state guarantees of loans of bonds needed “for
carrying out investment projects,” as well as other goals approved by the government such as
debt restructuring.
The federal government will lend 160bn roubles to help regional governments, and 188bn roubles
were allocated to raise pensions in line with inflation. Smaller or uncosted items in the plan
included subsidies and tax breaks to industrial enterprises, small businesses and agriculture.

A picture is worth a thousand words, And it tells
a story just as well
This Week Brent crud oil prices fluctuations

Your Guide to Energy events in your area

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For additional free subscription emails please contact Hawk Energy
Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
Mobile : +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 25 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 29 January 2015 K. Al Awadi

New base 529 special 29 january 2015

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