SlideShare a Scribd company logo
1 of 18
Download to read offline
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 1
NewBase 26 February 2015 - Issue No. 549 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Aramco to build key projects in Jazan Economic City
DHAHRAN, Saudi Aramco + NewBase
Saudi Aramco will build Phase I of the Jazan Economic City (JEC) project which will include smart
infrastructure to meet energy, utilities and transportation requirements of a diverse industrial base.
The city will become a key contributor to Saudi Arabia’s economy as the current infrastructure and
projects development will provide a solid base for further investments in heavy and secondary
industries, petrochemicals, mining and conversion industries, said Khalid A Al-Falih, president and
CEO of Saudi Aramco.
He was speaking at the Jazan Economic Forum (JEF) today in Jazan City, southwest of Saudi
Arabia. “Saudi Aramco has been entrusted to build Jazan’s strategic infrastructure through the
development of a refinery and terminal, a power plant, a commercial seaport, a water desalination
plant, roads and water and sanitary drainage systems, in addition to connecting electricity,” he
said.
The forum was inaugurated by Prince Mohammed bin Nasser bin Abdulaziz Al Saud, Governor of
Jazan Province; Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources; Abdullatif
A Al-Othman, Governor of Saudi Arabian General Investment Authority (Sagia); and Al-Falih.
The forum is being attended by over 500 Saudi Arabian and foreign dignitaries and business
leaders, and is showcasing investment opportunities at the Jazan Economic City (JEC) project.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 2
In his opening remarks, Al-Falih said the company was proud to play a key role in the
development of Jazan. He said Jazan Economic City was part of the Saudi Government’s vision
to create economic bases across the kingdom to achieve a diversified economy and balanced
regional development.
“The Jazan Economic City vision seeks to invest in the region’s natural resources, diverse
geographic features and human resources to make a major positive difference to the area's future,
so that Jazan will become a significant contributor to the kingdom’s economy,” said Al-Falih.
Jazan’s rich endowment of mineral and agricultural resources makes it ideal for the region to
prosper and thrive into a major economic city in the Kingdom, he added. Al-Falih also said that
Saudi Aramco has taken a pro-active approach to human capital development for the Jazan
people by launching a number of training initiatives to create a highly-capable and qualified
workforce, drawn primarily from the area's youth, to fill jobs in all stages of the project.
These skills and training initiatives began in 2014 when Saudi Aramco and the Technical and
Vocational Training Corporation (TVTC) signed the agreement of the Jazan Contractors Alliance
for Training and Employment, also known as "Maharat" by launching two training institutes.
“The Saudi Aramco – TVTC alliance is an innovative strategic partnership with the refinery
project's contractors to train and employ 5,000 young people from Jazan in various construction-
related professions and crafts over four years. Longer term, we aspire for the number of jobs
available in Jazan to reach 75,000,” said Al-Falih.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 3
Dubai’s DEWA To Open 100 Electric Vehicle Charging Stations
UAE newspapers +NewBase
Dubai Electricity and Water Authority (DEWA) has announced plans to open 100 electric vehicle
charging stations in the emirate this year, as part of an initiative supporting the Smart Dubai
initiative.
DEWA, which inaugurated Dubai’s first electric vehicle charging station within its main office on
Wednesday, also said it is building the infrastructure needed to introduce electric vehicles in the
emirate.
The authority will build three types of electric vehicle charging stations compatible with the “latest
international technologies used in electric vehicles,” it said in a statement. Fast charging stations
that take 30 minutes will be available in petrol stations, while the other two types include charging
stations that take four hours, and six to eight hours, respectively.
The setting up of the three types will be based on recommendations by the project’s consultants.
The first phase of the project includes installing 16 charging stations for public use. Each station
can accommodate two vehicles at the same time.
So far, 12 stations have already been installed at DEWA’s centres, including its head office, the
Sustainable Building, Al Wasl, Al Hudaiba, Burj Nahar, Umm Ramool, and Jebel Ali, and they can
charge 24 vehicles simultaneously.
One station has been installed in Dubai Silicon Oasis with another and two more due in Dubai
Design District (D3) by March 2015. During phase two of the project, 84 charging stations of
different types will be installed at Dubai Airports, Dubai Municipality, RTA, shopping malls, petrol
stations, hotels, and parking areas. The project is scheduled to be completed in 2015.
The authority is collaborating with national and private organisations including car manufacturers,
petrol stations, Dubai Municipality, RTA, hotels, and parking lots owners and operators in Dubai,
the statement said.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 4
DEWA is also working with real estate developers, including Emaar and Nakheel, to determine the
most appropriate sites to set up the stations, it said.
The initiative will support DEWA’s efforts to reduce Dubai’s carbon footprint, protect the
environment, and drive the city’s sustainable development, said Saeed Mohammed Al Tayer, MD
and CEO of DEWA.
“The first station is an important step towards achieving the objectives of the sustainable smart
city and transforming Dubai into the smartest city in the world,” he said.
The move supports the Smart Dubai initiative, launched by Sheikh Mohammed bin Rashid Al
Maktoum, VP and PM of the UAE and Dubai’s ruler, which aims to help the city provide efficient
and quick services to residents and visitors.
“It also supports the Dubai Plan 2021 and the Dubai Integrated Energy Strategy 2030 to establish
Dubai as a global hub for trade, finance, tourism, and sustainability, and a global role model of the
highest standards of energy efficiency,” said Al Tayer.
Towards achieving that goal, DEWA is currently implementing three main initiatives.
“These are connecting solar energy to houses and buildings, smart applications through smart
meters and grids, and the infrastructure for vehicle charging stations. DEWA has started
implementing the electric vehicle charging station infrastructure initiative,” said Al Tayer.
“We are confident this project will have the full support of Dubai residents as well as government
and private organisations,” he added.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 5
Algeria Sonatrach Three oil fields discovered in 2015
APS + NewBase
Three oil fields were discovered by the national hydrocarbon group Sonatrach since the
beginning of 2015, said Wednesday in Oran Chief Executive Officer of the oil company Said
Sahnoun.
“Sonatrach discovered for the year 2015, on its own account, three oil fields of extremely
important quality,” Sahnoun told APS on the sidelines of the festivities commemorating the 40th
anniversary of the
nationalization of
hydrocarbons, hosted by
the petrochemical zone of
Arzew.
The first oil discovery was
made in the region of
Touggourt while the second
in Ghardaia. The third gas
field was discovered in El
Bayadh, said the official.
These discoveries are
being assessed by
Sonatrach, followed by an
appraisal programme that
will start very shortly, added
the source. Sahnoun said that the flows are “extremely encouraging ,” adding that they range
between 3,000 and 4,000 barrels/day.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 6
Japan: LED Light Bulb Helps Japan Fill Energy Gap Left
From Shutting Down Nuclear Reactors. Bloomberg + NewBase
Japan’s push to keep power flowing after it shuttered its nuclear program may best be illustrated
by 73 million light bulbs.
That’s the number of LED bulbs
sold in Japan since the start of
2012, representing about 30
percent of all bulbs sold there. The
LEDs, which consume a fifth of
the energy used by standard
lights, are key to the country’s
strategy to make energy use more
efficient, even as it pursues
alternative sources such as solar
power.
Four years after the Fukushima
nuclear meltdown spurred the closure of Japan’s many reactors, knocking out 30 percent of
Japan’s power supply, the drive to reduce energy consumption has sparked a national campaign
that includes everything from improved insulation for homes to train stations powered by the
braking of subway cars and vending machines that recycle waste heat and generate power with
solar panels on top.
“There’s no doubt Japan has some of the most advanced technologies in energy saving,” said
Takumi Fujinami, a senior researcher at the Japan Research Institute. “And there is still room for
saving energy dramatically.”
Since Fukushima, the nation’s utilities have been forced to fire up older power plants that rely on
fossil fuels such as natural gas, oil and coal. That’s helped make up for some of the capacity, but
not all. The decision to reduce consumption was a natural ally in the effort.
Longer Life
Hiroshi Amano, who shared last year’s Nobel Prize for physics, sees LEDs playing an even bigger
role. Japan could cut annual electric spending by as much as 1 trillion yen ($8.4 billion) within five
years by using more LEDs, according to Amano, one of three Japan-born scientists who were
awarded the Nobel Prize in 2014 for their work developing LEDs.
While LEDs cost as much as $10 apiece, compared to as little as 70 cents for incandescents, the
fact that they’re more efficient “can extend shelf life and reduce the total cost and power use,”
Amano told reporter last month.
LEDs, or light-emitting diodes, are built using semiconductors that allow passage of electrons
through the material to produce light, requiring less energy than incandescent bulbs that heat a
wire filament until it glows.
LED sales in Japan reached $5.2 billion in 2013, according to an October report from the
International Energy Agency. Switching all of Japan’s lighting to LEDs would save about 92.2
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 7
terawatt hours of electricity, 9 percent of Japan’s total annual consumption, the Institute of Energy
Economics, Japan, estimated in 2011.
Nuclear Alternatives
Japan is pursuing a variety of alternatives after shuttering its nuclear plants for safety checks,
pulling 47 gigawatts of capacity from the grid. Subsidies for solar power, which are triple what
Germany offers, have made Japan the biggest market for the technology in the world behind
China.
The options run from old standbys such as making sure homes are insulated to ideas that offer a
unique take on how to keep consumption under control.
The government has set a goal for all new public buildings and homes to be net zero energy by
2030, meaning they use only as much energy as they can produce from renewable sources and
other generation systems on site. Currently, about 40 percent of existing homes have no
insulation, according to a December task force report.
Meanwhile, Mitsubishi Electric Corp. said in September that a system installed at a Tokyo subway
station to harvest energy generated by braking subway cars saved enough to run 60 homes. The
power is being used for station lighting, air conditioning and elevators, the company said.
Falling Consumption
All of these efforts are apparently paying off, according to a task force on power demand for the
trade ministry. Power used by the nation’s nine regional utilities fell by 10 terawatt-hours in July
and August thanks to conservation measures, compared with the same period before the
Fukushima disaster, the task force found. Overall for the fiscal year ending March 31,
consumption fell in eight of the first nine months, with declines ranging from 1 percent to 8
percent.
Results from the consumption campaign are also being felt within the industrial community.
Komatsu Ltd., the world’s second-largest producer of construction equipment, is among
companies working to reduce electricity use at production sites. An assembly plant that opened in
May in the northwestern prefecture of Ishikawa consolidates two old plants and is designed to
halve electricity use by incorporating such technologies as energy storage and LED lighting.
“We had been working to cut the power use by half after the Fukushima earthquake and it turned
out the efforts also led to better productivity,” said Hiroshi Ishihara, a Komatsu spokesman.
Komatsu reduced total electricity use by 38 percent in fiscal 2013 from 2010.
100% diffusion of LEDs in Japan by 2020 has the potential to displace seven nuclear reactors' worth
of power demand (that is equivalent to about 7 gigawatts of power). Also projects savings of roughly
19 nuclear reactors' worth of power in the United States by 2020 through the use of LED lighting.
LED lighting is also in a very disruptive phase, according to the report, with the evolution of new
services, IT applications, and even organics. LED is one area where we clearly see that the global
energy industry and energy applications are in the midst of an industrial revolution that melds
energy, IT and biotechnology, well over 20% of GDP for an industrial economy like Japan's.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 8
Kazakhstan: Jupiter Energy announces Kazakhstan operations update
Source: Jupiter Energy
AIM-listed Jupiter Energy has provided an update on operations at its 100%-owned exploration
permit - Block 31 - in the Mangistau Basin, West Kazakhstan, where the Company is preparing
to test well 19.
Key Points:
• Well 19 has been drilled to its final depth of 3068m; mud logs and open hole wireline logs
indicate hydrocarbons in the Mid Triassic horizon.
• Initial analysis indicates 99.4m Total Vertical Depth Sub Sea (TVDSS) of gross reservoir
and approximately 84.6m (TVDSS) net pay in the Mid Triassic T2B carbonate reservoir
unit.
• In addition, analysis of the Mid Triassic T2A carbonate reservoir indicates an additional
15.4m (TVDSS) of gross reservoir and approximately 10.4m (TVDSS) of net pay.
• Cut offs of 3.8% porosity was used in the analysis.
• Production casing is being run and cemented prior to perforating underbalanced and
completing a brief well test on the Mid Triassic T2B Horizon. Thereafter, the well will be
shut in.
• The well 19 is highest on the Akkar East structure, which also includes the J-51, J-52 and
J-53 wells.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 9
Well 19 is the Company's eighth well on Block 31, Jupiter's 100 per cent owned permit situated
onshore Kazakhstan just east of the city of Aktau and the Caspian Sea. The well is located in an
area of already existing C1 reserves, between the already flowing J-51 and J-52 wells.
Well 19 took a total of 53 days to drill and reached a total depth of 3,068m on 16 February 2015;
the performance of the drilling operation was in line with expectations. Open hole logs have been
acquired and production casing is now being run in preparation for a brief period of well testing.
Hydrocarbon shows while drilling, mud logging, and subsequent open hole wireline logs all
indicated hydrocarbons in the Mid Triassic reservoir. The open hole logs indicated good levels of
oil saturation and porosity, similar to that of the J-51 and J-52 wells which were also drilled on the
same structure.
Analysis by local independent consulting firm Reservoir Evaluation Services LLC ("RES)
confirmed some 99.4m (TVDSS) of gross reservoir and approximately 84.6m (TVDSS) of net pay
at the Middle Triassic T2B carbonate reservoir unit, the primary reservoir objective in the well.
In addition, analysis also confirmed an additional 15.4m (TVDSS) of gross reservoir and
approximately 10.4m (TVDSS) of net pay at the Middle Triassic T2A carbonate reservoir unit.
Cut offs of 3.8% porosity was used in the analysis.
Forward Plan:
The forward plan, after cementing of the production casing, is to perforate the Mid Triassic T2B
underbalanced with tubing conveyed perforating guns and complete a brief well test to perform
pressure transient analysis to evaluate the properties of the reservoir.
The well will then be shut in. Whilst the well is already approved for Trial Production, the well is
being shut in with the remainder of the Akkar East wells until such time that domestic oil process
make trial production operations economically viable.
Further updates on progress with well 19 will be provided in due course.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 10
US:Gasoline prices drop wipes out profits for Ethanol Makers
Bloomberg + NewBase
Ethanol producers are cutting output after getting squeezed by the biggest drop in gasoline prices
since 2008.
Valero Energy Corp. and Green Plains Renewable Energy Inc., representing about 15 percent of
U.S. capacity, have reduced operations as margins narrowed. At a typical mill in Illinois that
makes ethanol from corn, profit margins have almost totally disappeared, compared with $1.33 a
gallon a year ago, according to AgTrader Talk, a Clive, Iowa-based consulting company.
Gasoline and crude fell more than 50 percent from their peaks in June as the U.S. shale boom
helped global oil production outpace demand. While that was good for consumers, saving each
American household $750, it dragged down the cost of ethanol 41 percent because the price is
linked to gasoline. At the same time, corn, the main raw material used by biofuel producers, fell
just 19 percent.
“Gasoline is down a lot and corn has come back up a bit,” Wallace Tyner, an agricultural
economist at Purdue University in West Lafayette, Indiana, said by phone Feb. 23. “If you’re an
ethanol producer, that doesn’t leave you much.” Gasoline lost 0.5 percent to $1.6125 a gallon in
electronic trading on the New York Mercantile Exchange at 2:06 p.m Singapore time.
Ethanol Production
U.S. ethanol output fell 2.8 percent to an annualized rate of 14.8 billion gallons in the week ended
Feb. 13 from a record 15.2 billion in December, according to the Energy Information
Administration. Valero said Jan. 29 that it slowed run-rates by 2.6 percent for the first quarter,
citing lower gasoline and ethanol prices and “relatively stable” corn costs. Green Plains Chief
Executive Officer Todd Becker said Feb. 5 that he’s cut production rates “a bit as well.”
An ethanol plant runs at the Port of
Stockton in Stockton, California,
Friday, March 7, 2014. A deep water
port located 75 miles from San
Francisco, over 1 billion dollars of
cargo passes through the facility every
year.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 11
Lakeview Energy LLC, a Chicago-based renewable energy company, lowered operating rates by
15 percent at its Coshocton, Ohio, Chief Operating Officer Eamonn Byrne, said Tuesday by
phone.
More cutbacks appear likely. U.S. inventories total 21 million barrels, the highest seasonal level
since 2012, according to the EIA, the Energy Department’s statistical arm. Supply will tighten as
plants with higher costs slow, according to Archer-Daniels-Midland Co. Chief Executive Officer
Juan Luciano, whose company is the biggest U.S. producer.
Making Biofuel
One bushel of corn yields 2.75 gallons of ethanol in a manufacturing process similar to distilling
alcohol. Almost all gasoline sold in the U.S. contains the biofuel, with the additive making up as
much as 10 percent of overall consumption, government data show.
Unlike crude oil, which is primarily used to make gasoline and other motor fuels, corn is sold in
diverse markets. An ethanol company competes with food processors, livestock producers and
export customers for corn, Purdue’s Tyner said.
That means corn and oil prices don’t always move in the same direction.
Corn is trading at $3.775 a bushel on the CBOT, 15 percent less than the $4.43 it took to produce
last year’s crop, according to data from Iowa State University’s Ag Decision Maker. At current
ethanol prices, a producer could eke out a profit if corn were $3.25, Tyner said.
Losing Money
Factoring in costs for overhead, an Iowa distillery is losing 9 cents on every gallon and an Illinois
plant is earning 1 cent, AgTrader Talk estimates.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 12
“Ethanol’s got a job to do; one is to stay in line with corn so you don’t lose so much money that
you have to shut down,” Mike Blackford, a consultant at INTL FCStone in Des Moines, Iowa, said
in a Jan. 20 telephone interview. “On the other hand, you have to stay competitive with gasoline.”
There have been periods this year when it was uneconomical to blend the fuel into gasoline,
Tyner said. The fuel’s share of the gasoline market is 2.1 percent lower than a year ago, EIA data
show.
In those instances, refiners are able to meet government consumption targets with tradable
certificates that they get from blending biofuel, called Renewable Identification Numbers, or RINs.
RINs have gained 36 percent in the past year to 71.9 cents a gallon on the New York Mercantile
Exchange.
Renewables Mandate
A 2007 energy law requires refiners to use biofuels, such as ethanol. Oil refiners and renewable
energy supporters have been locked in a battle over the law’s merits and Environmental
Protection Agency is currently finalizing targets for last year and this one.
Current market conditions contrast with an 18-month stretch that started in June 2013. Then a
typical ethanol plant made on average 63 cents a gallon, data from Iowa State’s Center for
Agricultural and Rural Development in Ames show. The industry produced about 13.9 billion
gallons, with potential profit of $8.8 billion, based on the Iowa State estimates and EIA data.
Green Plains CEO Becker predicts companies will tire of seeing losses mount in the current
market. “People will realize very quickly that they will burn through cash,” Becker said. “They
would lose less money by shutting down. We had a great run for 18 to 20 months.”
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 13
Oil Price Drop Special Coverage
Brent holds steady around $59, Saudis say oil demand growing
Brent crude held steady around $59 a barrel on Wednesday as Saudi Arabia’s oil minister said oil
demand is growing and markets are calm. Oil prices crashed by 60 per cent between June and
January to a post-2009 low near $45 a barrel but have since recovered.
“Markets are calm now ... demand is growing,” said minister Ali Al Naimi, the driving force behind
Opec’s shift in policy at its November meeting, when the group decided not to cut output to
support prices but instead to fight for market share.
Brent has been helped by better-than-expected Chinese factory data, the Federal Reserve’s
flexible stance on US interest rates and the Eurozone’s approval of reforms proposed by Greece.
But US crude was weaker after settling lower for the fifth consecutive session on Tuesday on a
bigger-than-anticipated crude stock build-up. Brent had fallen 10 cents to $58.56 a barrel by 0945
GMT, while US crude futures fell 30 cents to $48.98 a barrel.
China’s factory sector showed marginal expansion, according to the flash HSBC/Markit
Purchasing Managers’ Index. It inched to a four-month high of 50.1 in February, just above the 50
level that separates growth in activity from contraction. A Reuters poll of economists had forecast
a reading of 49.5.
“That’s good news (as it means) potential oil demand, but I think the market needs to see more
stable and concrete demand from China,” said Yusuke Seta, a commodity sales manager at
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 14
Newedge Japan. The same Chinese survey showed new export orders from the world’s second-
largest oil consumer shrank at their fastest rate in 20 months.
Oil prices drew support from Fed Chair Janet Yellen’s suggestion that the US central bank was
preparing to consider raising interest rates “on a meeting-by-meeting basis”. Some investors took
that to mean rates may start rising later than June, the month on which markets had been
focusing.
Still, concern about excess oil supplies weighed on the market, limiting the impact of positive
macroeconomic news. US crude inventories rose by 8.9 million barrels last week as refineries cut
output, versus an expected 4 million barrels,/sdata from industry group the American Petroleum
Institute showed on Tuesday.
Meanwhile, Libya has resumed pumping crude from the Sarir and Messla oilfields at a rate of
around 40,000 barrels per day to the port at Hariga after power was restored.
The Japanese Aren't Benefiting from Cheaper Oil-The Yen to blame
Bloomberger
Spare a thought for Japan -- the nation imports almost all its energy and stood to make windfall
gains from the collapse in oil prices, only to see the benefits slip away as the yen slumped to near
seven-year lows.
This means that Japanese consumers and companies aren't getting as big a boost as in the U.S.
and elsewhere, even as the government is counting on them to increase spending to help boost
an economy recovering from a recession.
Brent, the benchmark contract for more than half the world’s oil, has fallen more than 40 percent
from a June peak, while gasoline in Japan dropped just 11 percent over the same period,
according to data from the economy ministry. The yen has weakened more than 14 percent
against the dollar over that period, making imports more expensive.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 15
The currency fell as the Bank of Japan pumps unprecedented monetary stimulus in an attempt to
drag the nation out of two decades of deflation. The weaker yen has boosted revenues of large
exporters, even as higher import prices hurt small companies and consumers.
"The depreciation of the yen has eaten up 20 percent of the oil price drop," estimates Credit
Suisse Group AG Chief Investment Officer Soichiro Matsumoto. "The impact of lower oil prices is
much larger in the U.S. market, not only for American cars which consume lots of gasoline, but for
the whole economy."
Gasoline in Japan was the cheapest this month since January 2011, while prices in the U.S. fell to
their lowest in January since 2009, according to Heathrow, Florida-based AAA.
Americans used these savings to increase spending at restaurants and grocery stores.
Tax is another reason why gasoline prices in Japan aren't falling as quickly. The fixed 53.8
yen/liter tax on petrol doesn't change with the price, and made up 40 percent of the 135.4 yen
average price per liter last week. There is also an 8 percent sales tax.
Certainly, the Japanese don't drive anywhere near as much as Americans do. In 2009, licensed
drivers in the U.S. drove an average of about 14,000 miles, according to the Department of
Transportation. In Japan, the average vehicle was driven about 2,840 miles in 2013, according to
a Japan Automobile Manufacturers Association survey.
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 16
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Your partner in Energy Services
NewBase energy news is produced daily (Sunday to Thursday) and
sponsored by Hawk Energy Service – Dubai, UAE.
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
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 17
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 26 February 2015 K. Al Awadi
Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 18

More Related Content

What's hot

New base energy news 11 august 2020 - issue no. 1362, senior editor eng. ...
New base energy news  11 august   2020 - issue no. 1362,  senior editor eng. ...New base energy news  11 august   2020 - issue no. 1362,  senior editor eng. ...
New base energy news 11 august 2020 - issue no. 1362, senior editor eng. ...Khaled Al Awadi
 
Download Saudi arabia airport privatization opportunity outlook 2022
Download Saudi arabia airport privatization opportunity outlook 2022Download Saudi arabia airport privatization opportunity outlook 2022
Download Saudi arabia airport privatization opportunity outlook 2022KuicK Research
 
New base special 22 april 2014
New base special  22  april 2014New base special  22  april 2014
New base special 22 april 2014Khaled Al Awadi
 
New base 1025 special 03 may 2017 energy news
New base 1025 special 03 may 2017 energy newsNew base 1025 special 03 may 2017 energy news
New base 1025 special 03 may 2017 energy newsKhaled Al Awadi
 
Ne base 18 april 2018 energy news issue 1161 by khaled al awadi-
Ne base 18 april 2018 energy news issue   1161  by khaled al awadi-Ne base 18 april 2018 energy news issue   1161  by khaled al awadi-
Ne base 18 april 2018 energy news issue 1161 by khaled al awadi-Khaled Al Awadi
 
New base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy newsNew base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy newsKhaled Al Awadi
 
New base 28 august 2021 energy news issue 1452 by khaled al awad i
New base  28 august  2021 energy news issue   1452  by khaled al awad iNew base  28 august  2021 energy news issue   1452  by khaled al awad i
New base 28 august 2021 energy news issue 1452 by khaled al awad iKhaled Al Awadi
 
New base 729 special 16 november 2015
New base 729 special  16 november 2015New base 729 special  16 november 2015
New base 729 special 16 november 2015Khaled Al Awadi
 
New base issue 1262 special 23 july 2019 energy news
New base issue  1262 special 23 july  2019 energy newsNew base issue  1262 special 23 july  2019 energy news
New base issue 1262 special 23 july 2019 energy newsKhaled Al Awadi
 
New base 25 august 2021 energy news issue 1451 by khaled al awad i
New base  25 august  2021 energy news issue   1451  by khaled al awad iNew base  25 august  2021 energy news issue   1451  by khaled al awad i
New base 25 august 2021 energy news issue 1451 by khaled al awad iKhaled Al Awadi
 
New base special 23 september 2014
New base special  23 september   2014New base special  23 september   2014
New base special 23 september 2014Khaled Al Awadi
 
New base 1013 special 23 march 2017 energy news
New base 1013 special 23 march 2017 energy newsNew base 1013 special 23 march 2017 energy news
New base 1013 special 23 march 2017 energy newsKhaled Al Awadi
 
New base energy news october 25 2018 no-1209 by khaled al awadi
New base energy news october 25 2018 no-1209  by khaled al awadiNew base energy news october 25 2018 no-1209  by khaled al awadi
New base energy news october 25 2018 no-1209 by khaled al awadiKhaled Al Awadi
 
New base special 17 february 2014
New base special  17 february 2014New base special  17 february 2014
New base special 17 february 2014Khaled Al Awadi
 
New base 798 special 01 march 2016
New base 798 special 01 march 2016New base 798 special 01 march 2016
New base 798 special 01 march 2016Khaled Al Awadi
 
New base 692 special 22 september 2015
New base 692 special  22 september 2015New base 692 special  22 september 2015
New base 692 special 22 september 2015Khaled Al Awadi
 
Ne base 12 feruary 2018 energy news issue 1140 by khaled al awadi
Ne base 12 feruary 2018 energy news issue   1140  by khaled al awadiNe base 12 feruary 2018 energy news issue   1140  by khaled al awadi
Ne base 12 feruary 2018 energy news issue 1140 by khaled al awadiKhaled Al Awadi
 
New base 519 special 15 january 2014
New base 519 special  15 january 2014New base 519 special  15 january 2014
New base 519 special 15 january 2014Khaled Al Awadi
 
NewBase 601 special 11 May 2015
NewBase 601 special 11 May 2015NewBase 601 special 11 May 2015
NewBase 601 special 11 May 2015Khaled Al Awadi
 
NewBase 605 special 17 May 2015
NewBase 605 special 17 May 2015NewBase 605 special 17 May 2015
NewBase 605 special 17 May 2015Khaled Al Awadi
 

What's hot (20)

New base energy news 11 august 2020 - issue no. 1362, senior editor eng. ...
New base energy news  11 august   2020 - issue no. 1362,  senior editor eng. ...New base energy news  11 august   2020 - issue no. 1362,  senior editor eng. ...
New base energy news 11 august 2020 - issue no. 1362, senior editor eng. ...
 
Download Saudi arabia airport privatization opportunity outlook 2022
Download Saudi arabia airport privatization opportunity outlook 2022Download Saudi arabia airport privatization opportunity outlook 2022
Download Saudi arabia airport privatization opportunity outlook 2022
 
New base special 22 april 2014
New base special  22  april 2014New base special  22  april 2014
New base special 22 april 2014
 
New base 1025 special 03 may 2017 energy news
New base 1025 special 03 may 2017 energy newsNew base 1025 special 03 may 2017 energy news
New base 1025 special 03 may 2017 energy news
 
Ne base 18 april 2018 energy news issue 1161 by khaled al awadi-
Ne base 18 april 2018 energy news issue   1161  by khaled al awadi-Ne base 18 april 2018 energy news issue   1161  by khaled al awadi-
Ne base 18 april 2018 energy news issue 1161 by khaled al awadi-
 
New base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy newsNew base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy news
 
New base 28 august 2021 energy news issue 1452 by khaled al awad i
New base  28 august  2021 energy news issue   1452  by khaled al awad iNew base  28 august  2021 energy news issue   1452  by khaled al awad i
New base 28 august 2021 energy news issue 1452 by khaled al awad i
 
New base 729 special 16 november 2015
New base 729 special  16 november 2015New base 729 special  16 november 2015
New base 729 special 16 november 2015
 
New base issue 1262 special 23 july 2019 energy news
New base issue  1262 special 23 july  2019 energy newsNew base issue  1262 special 23 july  2019 energy news
New base issue 1262 special 23 july 2019 energy news
 
New base 25 august 2021 energy news issue 1451 by khaled al awad i
New base  25 august  2021 energy news issue   1451  by khaled al awad iNew base  25 august  2021 energy news issue   1451  by khaled al awad i
New base 25 august 2021 energy news issue 1451 by khaled al awad i
 
New base special 23 september 2014
New base special  23 september   2014New base special  23 september   2014
New base special 23 september 2014
 
New base 1013 special 23 march 2017 energy news
New base 1013 special 23 march 2017 energy newsNew base 1013 special 23 march 2017 energy news
New base 1013 special 23 march 2017 energy news
 
New base energy news october 25 2018 no-1209 by khaled al awadi
New base energy news october 25 2018 no-1209  by khaled al awadiNew base energy news october 25 2018 no-1209  by khaled al awadi
New base energy news october 25 2018 no-1209 by khaled al awadi
 
New base special 17 february 2014
New base special  17 february 2014New base special  17 february 2014
New base special 17 february 2014
 
New base 798 special 01 march 2016
New base 798 special 01 march 2016New base 798 special 01 march 2016
New base 798 special 01 march 2016
 
New base 692 special 22 september 2015
New base 692 special  22 september 2015New base 692 special  22 september 2015
New base 692 special 22 september 2015
 
Ne base 12 feruary 2018 energy news issue 1140 by khaled al awadi
Ne base 12 feruary 2018 energy news issue   1140  by khaled al awadiNe base 12 feruary 2018 energy news issue   1140  by khaled al awadi
Ne base 12 feruary 2018 energy news issue 1140 by khaled al awadi
 
New base 519 special 15 january 2014
New base 519 special  15 january 2014New base 519 special  15 january 2014
New base 519 special 15 january 2014
 
NewBase 601 special 11 May 2015
NewBase 601 special 11 May 2015NewBase 601 special 11 May 2015
NewBase 601 special 11 May 2015
 
NewBase 605 special 17 May 2015
NewBase 605 special 17 May 2015NewBase 605 special 17 May 2015
NewBase 605 special 17 May 2015
 

Similar to New base 549 special 26 february 2015

Energy news from new base 04 december 975
Energy news from new base  04 december 975Energy news from new base  04 december 975
Energy news from new base 04 december 975Khaled Al Awadi
 
New base 03 january 2018 energy news issue 1122 by khaled al awadi
New base 03 january 2018 energy news issue   1122  by khaled al awadiNew base 03 january 2018 energy news issue   1122  by khaled al awadi
New base 03 january 2018 energy news issue 1122 by khaled al awadiKhaled Al Awadi
 
New base 07 may energy news issue 1026 by khaled al awadi
New base 07 may energy news issue   1026 by khaled al awadiNew base 07 may energy news issue   1026 by khaled al awadi
New base 07 may energy news issue 1026 by khaled al awadiKhaled Al Awadi
 
]New base 15 september 2017 energy news issue 1084 by khaled al awadi
]New base 15 september 2017 energy news issue   1084  by khaled al awadi]New base 15 september 2017 energy news issue   1084  by khaled al awadi
]New base 15 september 2017 energy news issue 1084 by khaled al awadiKhaled Al Awadi
 
New base special 04 june 2014
New base special  04 june 2014New base special  04 june 2014
New base special 04 june 2014Khaled Al Awadi
 
New base 779 special 03 februaury 2016
New base 779 special 03 februaury 2016New base 779 special 03 februaury 2016
New base 779 special 03 februaury 2016Khaled Al Awadi
 
New base 496 special 14 december 2014
New base 496 special  14 december  2014New base 496 special  14 december  2014
New base 496 special 14 december 2014Khaled Al Awadi
 
New base energy news issue 858 dated 25 may 2016
New base energy news issue  858 dated 25 may 2016New base energy news issue  858 dated 25 may 2016
New base energy news issue 858 dated 25 may 2016Khaled Al Awadi
 
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdf
NewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdfNewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdf
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdfKhaled Al Awadi
 
New base special 04 march 2014
New base special  04 march 2014New base special  04 march 2014
New base special 04 march 2014Khaled Al Awadi
 
New base energy news issue 902 dated 08 august 2016
New base energy news issue  902 dated 08 august 2016New base energy news issue  902 dated 08 august 2016
New base energy news issue 902 dated 08 august 2016Khaled Al Awadi
 
New base energy news 28 april 2020 issue no. 1333 senior editor eng. kha...
New base energy news   28 april 2020   issue no. 1333  senior editor eng. kha...New base energy news   28 april 2020   issue no. 1333  senior editor eng. kha...
New base energy news 28 april 2020 issue no. 1333 senior editor eng. kha...Khaled Al Awadi
 
New base 26 october 2017 energy news issue 1091 by khaled al awadi compressed
New base 26 october 2017 energy news issue   1091  by khaled al awadi compressedNew base 26 october 2017 energy news issue   1091  by khaled al awadi compressed
New base 26 october 2017 energy news issue 1091 by khaled al awadi compressedKhaled Al Awadi
 
New base special 20 january 2014
New base special  20 january 2014New base special  20 january 2014
New base special 20 january 2014Khaled Al Awadi
 
New base special 20 january 2014 khaled al awadi 2
New base special  20 january 2014 khaled al awadi 2New base special  20 january 2014 khaled al awadi 2
New base special 20 january 2014 khaled al awadi 2Khaled Al Awadi
 
New base special 20 january 2014 khaled alawadi
New base special  20 january 2014 khaled alawadiNew base special  20 january 2014 khaled alawadi
New base special 20 january 2014 khaled alawadiKhaled Al Awadi
 
New base energy news issue 922 dated 05 september 2016
New base energy news issue  922 dated 05 september 2016New base energy news issue  922 dated 05 september 2016
New base energy news issue 922 dated 05 september 2016Khaled Al Awadi
 
New base january 10 2022 energy news issue 1478 by khaled al awadi
New base january 10 2022  energy news issue   1478  by khaled al awadiNew base january 10 2022  energy news issue   1478  by khaled al awadi
New base january 10 2022 energy news issue 1478 by khaled al awadiKhaled Al Awadi
 
NewBase May 27 -2022 Energy News issue - 1517 by Khaled Al Awadi.pdf
NewBase May 27 -2022  Energy News issue - 1517  by Khaled Al Awadi.pdfNewBase May 27 -2022  Energy News issue - 1517  by Khaled Al Awadi.pdf
NewBase May 27 -2022 Energy News issue - 1517 by Khaled Al Awadi.pdfKhaled Al Awadi
 
New base special 18 september 2014
New base special  18 september   2014New base special  18 september   2014
New base special 18 september 2014Khaled Al Awadi
 

Similar to New base 549 special 26 february 2015 (20)

Energy news from new base 04 december 975
Energy news from new base  04 december 975Energy news from new base  04 december 975
Energy news from new base 04 december 975
 
New base 03 january 2018 energy news issue 1122 by khaled al awadi
New base 03 january 2018 energy news issue   1122  by khaled al awadiNew base 03 january 2018 energy news issue   1122  by khaled al awadi
New base 03 january 2018 energy news issue 1122 by khaled al awadi
 
New base 07 may energy news issue 1026 by khaled al awadi
New base 07 may energy news issue   1026 by khaled al awadiNew base 07 may energy news issue   1026 by khaled al awadi
New base 07 may energy news issue 1026 by khaled al awadi
 
]New base 15 september 2017 energy news issue 1084 by khaled al awadi
]New base 15 september 2017 energy news issue   1084  by khaled al awadi]New base 15 september 2017 energy news issue   1084  by khaled al awadi
]New base 15 september 2017 energy news issue 1084 by khaled al awadi
 
New base special 04 june 2014
New base special  04 june 2014New base special  04 june 2014
New base special 04 june 2014
 
New base 779 special 03 februaury 2016
New base 779 special 03 februaury 2016New base 779 special 03 februaury 2016
New base 779 special 03 februaury 2016
 
New base 496 special 14 december 2014
New base 496 special  14 december  2014New base 496 special  14 december  2014
New base 496 special 14 december 2014
 
New base energy news issue 858 dated 25 may 2016
New base energy news issue  858 dated 25 may 2016New base energy news issue  858 dated 25 may 2016
New base energy news issue 858 dated 25 may 2016
 
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdf
NewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdfNewBase April 22-2022  Energy News issue - 1507  by Khaled Al Awadi.pdf
NewBase April 22-2022 Energy News issue - 1507 by Khaled Al Awadi.pdf
 
New base special 04 march 2014
New base special  04 march 2014New base special  04 march 2014
New base special 04 march 2014
 
New base energy news issue 902 dated 08 august 2016
New base energy news issue  902 dated 08 august 2016New base energy news issue  902 dated 08 august 2016
New base energy news issue 902 dated 08 august 2016
 
New base energy news 28 april 2020 issue no. 1333 senior editor eng. kha...
New base energy news   28 april 2020   issue no. 1333  senior editor eng. kha...New base energy news   28 april 2020   issue no. 1333  senior editor eng. kha...
New base energy news 28 april 2020 issue no. 1333 senior editor eng. kha...
 
New base 26 october 2017 energy news issue 1091 by khaled al awadi compressed
New base 26 october 2017 energy news issue   1091  by khaled al awadi compressedNew base 26 october 2017 energy news issue   1091  by khaled al awadi compressed
New base 26 october 2017 energy news issue 1091 by khaled al awadi compressed
 
New base special 20 january 2014
New base special  20 january 2014New base special  20 january 2014
New base special 20 january 2014
 
New base special 20 january 2014 khaled al awadi 2
New base special  20 january 2014 khaled al awadi 2New base special  20 january 2014 khaled al awadi 2
New base special 20 january 2014 khaled al awadi 2
 
New base special 20 january 2014 khaled alawadi
New base special  20 january 2014 khaled alawadiNew base special  20 january 2014 khaled alawadi
New base special 20 january 2014 khaled alawadi
 
New base energy news issue 922 dated 05 september 2016
New base energy news issue  922 dated 05 september 2016New base energy news issue  922 dated 05 september 2016
New base energy news issue 922 dated 05 september 2016
 
New base january 10 2022 energy news issue 1478 by khaled al awadi
New base january 10 2022  energy news issue   1478  by khaled al awadiNew base january 10 2022  energy news issue   1478  by khaled al awadi
New base january 10 2022 energy news issue 1478 by khaled al awadi
 
NewBase May 27 -2022 Energy News issue - 1517 by Khaled Al Awadi.pdf
NewBase May 27 -2022  Energy News issue - 1517  by Khaled Al Awadi.pdfNewBase May 27 -2022  Energy News issue - 1517  by Khaled Al Awadi.pdf
NewBase May 27 -2022 Energy News issue - 1517 by Khaled Al Awadi.pdf
 
New base special 18 september 2014
New base special  18 september   2014New base special  18 september   2014
New base special 18 september 2014
 

More from Khaled Al Awadi

NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...Khaled Al Awadi
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdfNewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdfKhaled Al Awadi
 
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdfKhaled Al Awadi
 
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdfKhaled Al Awadi
 
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdfNewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdfNewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdfKhaled Al Awadi
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...Khaled Al Awadi
 
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...Khaled Al Awadi
 
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...Khaled Al Awadi
 
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...Khaled Al Awadi
 
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...Khaled Al Awadi
 

More from Khaled Al Awadi (20)

NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
 
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdfNewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
 
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
 
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
 
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
 
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdfNewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
 
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdfNewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
 
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
 
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
 
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
 
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
 
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
 
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
 
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...NewBase  22 January 2024  Energy News issue - 1701 by Khaled Al Awadi 2_compr...
NewBase 22 January 2024 Energy News issue - 1701 by Khaled Al Awadi 2_compr...
 
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...NewBase  19 January 2024  Energy News issue - 1700 by Khaled Al Awadi_compres...
NewBase 19 January 2024 Energy News issue - 1700 by Khaled Al Awadi_compres...
 

Recently uploaded

Stock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdfStock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdfMichael Silva
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxhiddenlevers
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignHenry Tapper
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designsegoetzinger
 
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfShrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfvikashdidwania1
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdfHenry Tapper
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spiritegoetzinger
 
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Sapana Sha
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure servicePooja Nehwal
 

Recently uploaded (20)

Stock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdfStock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdf
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfShrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdf
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
 
Monthly Economic Monitoring of Ukraine No 231, April 2024
Monthly Economic Monitoring of Ukraine No 231, April 2024Monthly Economic Monitoring of Ukraine No 231, April 2024
Monthly Economic Monitoring of Ukraine No 231, April 2024
 
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
 

New base 549 special 26 february 2015

  • 1. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 1 NewBase 26 February 2015 - Issue No. 549 Khaled Al Awadi NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE Aramco to build key projects in Jazan Economic City DHAHRAN, Saudi Aramco + NewBase Saudi Aramco will build Phase I of the Jazan Economic City (JEC) project which will include smart infrastructure to meet energy, utilities and transportation requirements of a diverse industrial base. The city will become a key contributor to Saudi Arabia’s economy as the current infrastructure and projects development will provide a solid base for further investments in heavy and secondary industries, petrochemicals, mining and conversion industries, said Khalid A Al-Falih, president and CEO of Saudi Aramco. He was speaking at the Jazan Economic Forum (JEF) today in Jazan City, southwest of Saudi Arabia. “Saudi Aramco has been entrusted to build Jazan’s strategic infrastructure through the development of a refinery and terminal, a power plant, a commercial seaport, a water desalination plant, roads and water and sanitary drainage systems, in addition to connecting electricity,” he said. The forum was inaugurated by Prince Mohammed bin Nasser bin Abdulaziz Al Saud, Governor of Jazan Province; Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources; Abdullatif A Al-Othman, Governor of Saudi Arabian General Investment Authority (Sagia); and Al-Falih. The forum is being attended by over 500 Saudi Arabian and foreign dignitaries and business leaders, and is showcasing investment opportunities at the Jazan Economic City (JEC) project.
  • 2. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 2 In his opening remarks, Al-Falih said the company was proud to play a key role in the development of Jazan. He said Jazan Economic City was part of the Saudi Government’s vision to create economic bases across the kingdom to achieve a diversified economy and balanced regional development. “The Jazan Economic City vision seeks to invest in the region’s natural resources, diverse geographic features and human resources to make a major positive difference to the area's future, so that Jazan will become a significant contributor to the kingdom’s economy,” said Al-Falih. Jazan’s rich endowment of mineral and agricultural resources makes it ideal for the region to prosper and thrive into a major economic city in the Kingdom, he added. Al-Falih also said that Saudi Aramco has taken a pro-active approach to human capital development for the Jazan people by launching a number of training initiatives to create a highly-capable and qualified workforce, drawn primarily from the area's youth, to fill jobs in all stages of the project. These skills and training initiatives began in 2014 when Saudi Aramco and the Technical and Vocational Training Corporation (TVTC) signed the agreement of the Jazan Contractors Alliance for Training and Employment, also known as "Maharat" by launching two training institutes. “The Saudi Aramco – TVTC alliance is an innovative strategic partnership with the refinery project's contractors to train and employ 5,000 young people from Jazan in various construction- related professions and crafts over four years. Longer term, we aspire for the number of jobs available in Jazan to reach 75,000,” said Al-Falih.
  • 3. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 3 Dubai’s DEWA To Open 100 Electric Vehicle Charging Stations UAE newspapers +NewBase Dubai Electricity and Water Authority (DEWA) has announced plans to open 100 electric vehicle charging stations in the emirate this year, as part of an initiative supporting the Smart Dubai initiative. DEWA, which inaugurated Dubai’s first electric vehicle charging station within its main office on Wednesday, also said it is building the infrastructure needed to introduce electric vehicles in the emirate. The authority will build three types of electric vehicle charging stations compatible with the “latest international technologies used in electric vehicles,” it said in a statement. Fast charging stations that take 30 minutes will be available in petrol stations, while the other two types include charging stations that take four hours, and six to eight hours, respectively. The setting up of the three types will be based on recommendations by the project’s consultants. The first phase of the project includes installing 16 charging stations for public use. Each station can accommodate two vehicles at the same time. So far, 12 stations have already been installed at DEWA’s centres, including its head office, the Sustainable Building, Al Wasl, Al Hudaiba, Burj Nahar, Umm Ramool, and Jebel Ali, and they can charge 24 vehicles simultaneously. One station has been installed in Dubai Silicon Oasis with another and two more due in Dubai Design District (D3) by March 2015. During phase two of the project, 84 charging stations of different types will be installed at Dubai Airports, Dubai Municipality, RTA, shopping malls, petrol stations, hotels, and parking areas. The project is scheduled to be completed in 2015. The authority is collaborating with national and private organisations including car manufacturers, petrol stations, Dubai Municipality, RTA, hotels, and parking lots owners and operators in Dubai, the statement said.
  • 4. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 4 DEWA is also working with real estate developers, including Emaar and Nakheel, to determine the most appropriate sites to set up the stations, it said. The initiative will support DEWA’s efforts to reduce Dubai’s carbon footprint, protect the environment, and drive the city’s sustainable development, said Saeed Mohammed Al Tayer, MD and CEO of DEWA. “The first station is an important step towards achieving the objectives of the sustainable smart city and transforming Dubai into the smartest city in the world,” he said. The move supports the Smart Dubai initiative, launched by Sheikh Mohammed bin Rashid Al Maktoum, VP and PM of the UAE and Dubai’s ruler, which aims to help the city provide efficient and quick services to residents and visitors. “It also supports the Dubai Plan 2021 and the Dubai Integrated Energy Strategy 2030 to establish Dubai as a global hub for trade, finance, tourism, and sustainability, and a global role model of the highest standards of energy efficiency,” said Al Tayer. Towards achieving that goal, DEWA is currently implementing three main initiatives. “These are connecting solar energy to houses and buildings, smart applications through smart meters and grids, and the infrastructure for vehicle charging stations. DEWA has started implementing the electric vehicle charging station infrastructure initiative,” said Al Tayer. “We are confident this project will have the full support of Dubai residents as well as government and private organisations,” he added.
  • 5. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 5 Algeria Sonatrach Three oil fields discovered in 2015 APS + NewBase Three oil fields were discovered by the national hydrocarbon group Sonatrach since the beginning of 2015, said Wednesday in Oran Chief Executive Officer of the oil company Said Sahnoun. “Sonatrach discovered for the year 2015, on its own account, three oil fields of extremely important quality,” Sahnoun told APS on the sidelines of the festivities commemorating the 40th anniversary of the nationalization of hydrocarbons, hosted by the petrochemical zone of Arzew. The first oil discovery was made in the region of Touggourt while the second in Ghardaia. The third gas field was discovered in El Bayadh, said the official. These discoveries are being assessed by Sonatrach, followed by an appraisal programme that will start very shortly, added the source. Sahnoun said that the flows are “extremely encouraging ,” adding that they range between 3,000 and 4,000 barrels/day.
  • 6. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 6 Japan: LED Light Bulb Helps Japan Fill Energy Gap Left From Shutting Down Nuclear Reactors. Bloomberg + NewBase Japan’s push to keep power flowing after it shuttered its nuclear program may best be illustrated by 73 million light bulbs. That’s the number of LED bulbs sold in Japan since the start of 2012, representing about 30 percent of all bulbs sold there. The LEDs, which consume a fifth of the energy used by standard lights, are key to the country’s strategy to make energy use more efficient, even as it pursues alternative sources such as solar power. Four years after the Fukushima nuclear meltdown spurred the closure of Japan’s many reactors, knocking out 30 percent of Japan’s power supply, the drive to reduce energy consumption has sparked a national campaign that includes everything from improved insulation for homes to train stations powered by the braking of subway cars and vending machines that recycle waste heat and generate power with solar panels on top. “There’s no doubt Japan has some of the most advanced technologies in energy saving,” said Takumi Fujinami, a senior researcher at the Japan Research Institute. “And there is still room for saving energy dramatically.” Since Fukushima, the nation’s utilities have been forced to fire up older power plants that rely on fossil fuels such as natural gas, oil and coal. That’s helped make up for some of the capacity, but not all. The decision to reduce consumption was a natural ally in the effort. Longer Life Hiroshi Amano, who shared last year’s Nobel Prize for physics, sees LEDs playing an even bigger role. Japan could cut annual electric spending by as much as 1 trillion yen ($8.4 billion) within five years by using more LEDs, according to Amano, one of three Japan-born scientists who were awarded the Nobel Prize in 2014 for their work developing LEDs. While LEDs cost as much as $10 apiece, compared to as little as 70 cents for incandescents, the fact that they’re more efficient “can extend shelf life and reduce the total cost and power use,” Amano told reporter last month. LEDs, or light-emitting diodes, are built using semiconductors that allow passage of electrons through the material to produce light, requiring less energy than incandescent bulbs that heat a wire filament until it glows. LED sales in Japan reached $5.2 billion in 2013, according to an October report from the International Energy Agency. Switching all of Japan’s lighting to LEDs would save about 92.2
  • 7. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 7 terawatt hours of electricity, 9 percent of Japan’s total annual consumption, the Institute of Energy Economics, Japan, estimated in 2011. Nuclear Alternatives Japan is pursuing a variety of alternatives after shuttering its nuclear plants for safety checks, pulling 47 gigawatts of capacity from the grid. Subsidies for solar power, which are triple what Germany offers, have made Japan the biggest market for the technology in the world behind China. The options run from old standbys such as making sure homes are insulated to ideas that offer a unique take on how to keep consumption under control. The government has set a goal for all new public buildings and homes to be net zero energy by 2030, meaning they use only as much energy as they can produce from renewable sources and other generation systems on site. Currently, about 40 percent of existing homes have no insulation, according to a December task force report. Meanwhile, Mitsubishi Electric Corp. said in September that a system installed at a Tokyo subway station to harvest energy generated by braking subway cars saved enough to run 60 homes. The power is being used for station lighting, air conditioning and elevators, the company said. Falling Consumption All of these efforts are apparently paying off, according to a task force on power demand for the trade ministry. Power used by the nation’s nine regional utilities fell by 10 terawatt-hours in July and August thanks to conservation measures, compared with the same period before the Fukushima disaster, the task force found. Overall for the fiscal year ending March 31, consumption fell in eight of the first nine months, with declines ranging from 1 percent to 8 percent. Results from the consumption campaign are also being felt within the industrial community. Komatsu Ltd., the world’s second-largest producer of construction equipment, is among companies working to reduce electricity use at production sites. An assembly plant that opened in May in the northwestern prefecture of Ishikawa consolidates two old plants and is designed to halve electricity use by incorporating such technologies as energy storage and LED lighting. “We had been working to cut the power use by half after the Fukushima earthquake and it turned out the efforts also led to better productivity,” said Hiroshi Ishihara, a Komatsu spokesman. Komatsu reduced total electricity use by 38 percent in fiscal 2013 from 2010. 100% diffusion of LEDs in Japan by 2020 has the potential to displace seven nuclear reactors' worth of power demand (that is equivalent to about 7 gigawatts of power). Also projects savings of roughly 19 nuclear reactors' worth of power in the United States by 2020 through the use of LED lighting. LED lighting is also in a very disruptive phase, according to the report, with the evolution of new services, IT applications, and even organics. LED is one area where we clearly see that the global energy industry and energy applications are in the midst of an industrial revolution that melds energy, IT and biotechnology, well over 20% of GDP for an industrial economy like Japan's.
  • 8. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 8 Kazakhstan: Jupiter Energy announces Kazakhstan operations update Source: Jupiter Energy AIM-listed Jupiter Energy has provided an update on operations at its 100%-owned exploration permit - Block 31 - in the Mangistau Basin, West Kazakhstan, where the Company is preparing to test well 19. Key Points: • Well 19 has been drilled to its final depth of 3068m; mud logs and open hole wireline logs indicate hydrocarbons in the Mid Triassic horizon. • Initial analysis indicates 99.4m Total Vertical Depth Sub Sea (TVDSS) of gross reservoir and approximately 84.6m (TVDSS) net pay in the Mid Triassic T2B carbonate reservoir unit. • In addition, analysis of the Mid Triassic T2A carbonate reservoir indicates an additional 15.4m (TVDSS) of gross reservoir and approximately 10.4m (TVDSS) of net pay. • Cut offs of 3.8% porosity was used in the analysis. • Production casing is being run and cemented prior to perforating underbalanced and completing a brief well test on the Mid Triassic T2B Horizon. Thereafter, the well will be shut in. • The well 19 is highest on the Akkar East structure, which also includes the J-51, J-52 and J-53 wells.
  • 9. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 9 Well 19 is the Company's eighth well on Block 31, Jupiter's 100 per cent owned permit situated onshore Kazakhstan just east of the city of Aktau and the Caspian Sea. The well is located in an area of already existing C1 reserves, between the already flowing J-51 and J-52 wells. Well 19 took a total of 53 days to drill and reached a total depth of 3,068m on 16 February 2015; the performance of the drilling operation was in line with expectations. Open hole logs have been acquired and production casing is now being run in preparation for a brief period of well testing. Hydrocarbon shows while drilling, mud logging, and subsequent open hole wireline logs all indicated hydrocarbons in the Mid Triassic reservoir. The open hole logs indicated good levels of oil saturation and porosity, similar to that of the J-51 and J-52 wells which were also drilled on the same structure. Analysis by local independent consulting firm Reservoir Evaluation Services LLC ("RES) confirmed some 99.4m (TVDSS) of gross reservoir and approximately 84.6m (TVDSS) of net pay at the Middle Triassic T2B carbonate reservoir unit, the primary reservoir objective in the well. In addition, analysis also confirmed an additional 15.4m (TVDSS) of gross reservoir and approximately 10.4m (TVDSS) of net pay at the Middle Triassic T2A carbonate reservoir unit. Cut offs of 3.8% porosity was used in the analysis. Forward Plan: The forward plan, after cementing of the production casing, is to perforate the Mid Triassic T2B underbalanced with tubing conveyed perforating guns and complete a brief well test to perform pressure transient analysis to evaluate the properties of the reservoir. The well will then be shut in. Whilst the well is already approved for Trial Production, the well is being shut in with the remainder of the Akkar East wells until such time that domestic oil process make trial production operations economically viable. Further updates on progress with well 19 will be provided in due course.
  • 10. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 10 US:Gasoline prices drop wipes out profits for Ethanol Makers Bloomberg + NewBase Ethanol producers are cutting output after getting squeezed by the biggest drop in gasoline prices since 2008. Valero Energy Corp. and Green Plains Renewable Energy Inc., representing about 15 percent of U.S. capacity, have reduced operations as margins narrowed. At a typical mill in Illinois that makes ethanol from corn, profit margins have almost totally disappeared, compared with $1.33 a gallon a year ago, according to AgTrader Talk, a Clive, Iowa-based consulting company. Gasoline and crude fell more than 50 percent from their peaks in June as the U.S. shale boom helped global oil production outpace demand. While that was good for consumers, saving each American household $750, it dragged down the cost of ethanol 41 percent because the price is linked to gasoline. At the same time, corn, the main raw material used by biofuel producers, fell just 19 percent. “Gasoline is down a lot and corn has come back up a bit,” Wallace Tyner, an agricultural economist at Purdue University in West Lafayette, Indiana, said by phone Feb. 23. “If you’re an ethanol producer, that doesn’t leave you much.” Gasoline lost 0.5 percent to $1.6125 a gallon in electronic trading on the New York Mercantile Exchange at 2:06 p.m Singapore time. Ethanol Production U.S. ethanol output fell 2.8 percent to an annualized rate of 14.8 billion gallons in the week ended Feb. 13 from a record 15.2 billion in December, according to the Energy Information Administration. Valero said Jan. 29 that it slowed run-rates by 2.6 percent for the first quarter, citing lower gasoline and ethanol prices and “relatively stable” corn costs. Green Plains Chief Executive Officer Todd Becker said Feb. 5 that he’s cut production rates “a bit as well.” An ethanol plant runs at the Port of Stockton in Stockton, California, Friday, March 7, 2014. A deep water port located 75 miles from San Francisco, over 1 billion dollars of cargo passes through the facility every year.
  • 11. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 11 Lakeview Energy LLC, a Chicago-based renewable energy company, lowered operating rates by 15 percent at its Coshocton, Ohio, Chief Operating Officer Eamonn Byrne, said Tuesday by phone. More cutbacks appear likely. U.S. inventories total 21 million barrels, the highest seasonal level since 2012, according to the EIA, the Energy Department’s statistical arm. Supply will tighten as plants with higher costs slow, according to Archer-Daniels-Midland Co. Chief Executive Officer Juan Luciano, whose company is the biggest U.S. producer. Making Biofuel One bushel of corn yields 2.75 gallons of ethanol in a manufacturing process similar to distilling alcohol. Almost all gasoline sold in the U.S. contains the biofuel, with the additive making up as much as 10 percent of overall consumption, government data show. Unlike crude oil, which is primarily used to make gasoline and other motor fuels, corn is sold in diverse markets. An ethanol company competes with food processors, livestock producers and export customers for corn, Purdue’s Tyner said. That means corn and oil prices don’t always move in the same direction. Corn is trading at $3.775 a bushel on the CBOT, 15 percent less than the $4.43 it took to produce last year’s crop, according to data from Iowa State University’s Ag Decision Maker. At current ethanol prices, a producer could eke out a profit if corn were $3.25, Tyner said. Losing Money Factoring in costs for overhead, an Iowa distillery is losing 9 cents on every gallon and an Illinois plant is earning 1 cent, AgTrader Talk estimates.
  • 12. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 12 “Ethanol’s got a job to do; one is to stay in line with corn so you don’t lose so much money that you have to shut down,” Mike Blackford, a consultant at INTL FCStone in Des Moines, Iowa, said in a Jan. 20 telephone interview. “On the other hand, you have to stay competitive with gasoline.” There have been periods this year when it was uneconomical to blend the fuel into gasoline, Tyner said. The fuel’s share of the gasoline market is 2.1 percent lower than a year ago, EIA data show. In those instances, refiners are able to meet government consumption targets with tradable certificates that they get from blending biofuel, called Renewable Identification Numbers, or RINs. RINs have gained 36 percent in the past year to 71.9 cents a gallon on the New York Mercantile Exchange. Renewables Mandate A 2007 energy law requires refiners to use biofuels, such as ethanol. Oil refiners and renewable energy supporters have been locked in a battle over the law’s merits and Environmental Protection Agency is currently finalizing targets for last year and this one. Current market conditions contrast with an 18-month stretch that started in June 2013. Then a typical ethanol plant made on average 63 cents a gallon, data from Iowa State’s Center for Agricultural and Rural Development in Ames show. The industry produced about 13.9 billion gallons, with potential profit of $8.8 billion, based on the Iowa State estimates and EIA data. Green Plains CEO Becker predicts companies will tire of seeing losses mount in the current market. “People will realize very quickly that they will burn through cash,” Becker said. “They would lose less money by shutting down. We had a great run for 18 to 20 months.”
  • 13. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 13 Oil Price Drop Special Coverage Brent holds steady around $59, Saudis say oil demand growing Brent crude held steady around $59 a barrel on Wednesday as Saudi Arabia’s oil minister said oil demand is growing and markets are calm. Oil prices crashed by 60 per cent between June and January to a post-2009 low near $45 a barrel but have since recovered. “Markets are calm now ... demand is growing,” said minister Ali Al Naimi, the driving force behind Opec’s shift in policy at its November meeting, when the group decided not to cut output to support prices but instead to fight for market share. Brent has been helped by better-than-expected Chinese factory data, the Federal Reserve’s flexible stance on US interest rates and the Eurozone’s approval of reforms proposed by Greece. But US crude was weaker after settling lower for the fifth consecutive session on Tuesday on a bigger-than-anticipated crude stock build-up. Brent had fallen 10 cents to $58.56 a barrel by 0945 GMT, while US crude futures fell 30 cents to $48.98 a barrel. China’s factory sector showed marginal expansion, according to the flash HSBC/Markit Purchasing Managers’ Index. It inched to a four-month high of 50.1 in February, just above the 50 level that separates growth in activity from contraction. A Reuters poll of economists had forecast a reading of 49.5. “That’s good news (as it means) potential oil demand, but I think the market needs to see more stable and concrete demand from China,” said Yusuke Seta, a commodity sales manager at
  • 14. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 14 Newedge Japan. The same Chinese survey showed new export orders from the world’s second- largest oil consumer shrank at their fastest rate in 20 months. Oil prices drew support from Fed Chair Janet Yellen’s suggestion that the US central bank was preparing to consider raising interest rates “on a meeting-by-meeting basis”. Some investors took that to mean rates may start rising later than June, the month on which markets had been focusing. Still, concern about excess oil supplies weighed on the market, limiting the impact of positive macroeconomic news. US crude inventories rose by 8.9 million barrels last week as refineries cut output, versus an expected 4 million barrels,/sdata from industry group the American Petroleum Institute showed on Tuesday. Meanwhile, Libya has resumed pumping crude from the Sarir and Messla oilfields at a rate of around 40,000 barrels per day to the port at Hariga after power was restored. The Japanese Aren't Benefiting from Cheaper Oil-The Yen to blame Bloomberger Spare a thought for Japan -- the nation imports almost all its energy and stood to make windfall gains from the collapse in oil prices, only to see the benefits slip away as the yen slumped to near seven-year lows. This means that Japanese consumers and companies aren't getting as big a boost as in the U.S. and elsewhere, even as the government is counting on them to increase spending to help boost an economy recovering from a recession. Brent, the benchmark contract for more than half the world’s oil, has fallen more than 40 percent from a June peak, while gasoline in Japan dropped just 11 percent over the same period, according to data from the economy ministry. The yen has weakened more than 14 percent against the dollar over that period, making imports more expensive.
  • 15. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 15 The currency fell as the Bank of Japan pumps unprecedented monetary stimulus in an attempt to drag the nation out of two decades of deflation. The weaker yen has boosted revenues of large exporters, even as higher import prices hurt small companies and consumers. "The depreciation of the yen has eaten up 20 percent of the oil price drop," estimates Credit Suisse Group AG Chief Investment Officer Soichiro Matsumoto. "The impact of lower oil prices is much larger in the U.S. market, not only for American cars which consume lots of gasoline, but for the whole economy." Gasoline in Japan was the cheapest this month since January 2011, while prices in the U.S. fell to their lowest in January since 2009, according to Heathrow, Florida-based AAA. Americans used these savings to increase spending at restaurants and grocery stores. Tax is another reason why gasoline prices in Japan aren't falling as quickly. The fixed 53.8 yen/liter tax on petrol doesn't change with the price, and made up 40 percent of the 135.4 yen average price per liter last week. There is also an 8 percent sales tax. Certainly, the Japanese don't drive anywhere near as much as Americans do. In 2009, licensed drivers in the U.S. drove an average of about 14,000 miles, according to the Department of Transportation. In Japan, the average vehicle was driven about 2,840 miles in 2013, according to a Japan Automobile Manufacturers Association survey.
  • 16. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 16 NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE Your partner in Energy Services NewBase energy news is produced daily (Sunday to Thursday) and sponsored by Hawk Energy Service – Dubai, UAE. 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
  • 17. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 17 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 26 February 2015 K. Al Awadi
  • 18. Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content . Page 18