New base 558 special 11 march 2015

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NewBase 11 March 2015 - Issue No. 558 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Saudi Arabia, Argentina form R&D joint venture on
nuclear technology
State-owned R&D companies from Argentina and Saudi Arabia have set up a joint venture
company, Invania, to develop nuclear technology for Saudi Arabia's nuclear power program.
The foundation of the joint venture company was announced by Argentina's federal planning
ministry and Invap
during a visit by the
Saudi Arabian
consultative assembly,
the Shoura Council to
Buenos Aires.
Invania has been
established under a
nuclear cooperation
agreement signed by
the two countries in
2011. According to
Invap, the joint venture
aims to leverage
Argentina's nuclear
experience and
capabilities to help
Saudi Arabia
implement its own
nuclear power
program.
Argentina has a long
history of nuclear technology R&D. Its atomic energy commission, the Comisión Nacional de
Energía Atómica (CNEA), was set up in 1950. Today, the country generates about one-tenth of its
electricity from its three pressurized heavy water reactors with plans for more.
A prototype 27 MWe Argentinian-designed modular reactor, CAREM, is under construction. The
country has its own uranium mining and milling, enrichment and fuel fabrication and heavy water
production capabilities. It also produces medical radioisotopes including molybdenum-99 and
cobalt-60.
Saudi Arabia is looking to nuclear power to help it meet growing demand for both electricity and
desalination, with plans for the construction of as many as 16 reactors over the next 20 years.
Smaller reactors, such as CAREM, are envisaged for use in desalination. The country has signed
nuclear cooperation agreements with France, South Korea and China as well as Argentina.
Argentina’s Minister for Planning Julio De Vido receives the Saudi Arabian delegation

Nuclear Power in Saudi Arabia
(Updated 10 March 2015) Muhammad Garwan, K.A.CARE, Nov 2013, Sustainable Energy Mix for Saudi Arabia
• Saudi Arabia plans to construct 16 nuclear power reactors over the next 20 years
at a cost of more than $80 billion, with the first reactor on line in 2022.
• It projects 17 GWe of nuclear capacity by 2040 to provide 15% of the power then,
along with over 40 GWe of solar capacity.
In December 2006 the six member states of the Gulf Cooperation Council (GCC) – Kuwait,
Saudi Arabia, Bahrain, the United Arab Emirates (UAE), Qatar and Oman – announced that the
Council was commissioning a study on the peaceful use of nuclear energy. France agreed to work
with them on this, and Iran pledged assistance with
nuclear technology.
Together they produce 520 billion kWh per year
(2012), all from oil and gas and with 5-7% annual
demand growth. They have total installed capacity of
over 90 GWe, with a common grid apart from Saudi
Arabia. There is also a large demand for
desalination, currently fuelled by oil and gas.
In February 2007 the six states agreed with the IAEA
to cooperate on a feasibility study for a regional
nuclear power and desalination program. Saudi
Arabia was leading the investigation and thought that
a program might emerge about 2009.
Saudi electricity
Saudi Arabia’s population has grown from 4 million in 1960 to almost 30 million in 2014. It is is the
main electricity producer and consumer in the Gulf States, with 272 billion kWh gross production
in 2012 – 150 TWh from oil and 121 TWh from gas. Energy use for electricity and heat production
including desalination in 2011 was 28,783 PJ, 57% of it from oil. It consumes over one-quarter of
its oil production, and while energy demand is projected to increase substantially, oil production is
not. Generating capacity is over 30 GWe. Demand is growing 8% per year and peak demand is
expected to be 70 GWe by 2020 and 120 GWe by 2032. Saudi Arabia is unique in the region in
having 60 Hz grid frequency, which severely limits the potential for grid interconnections – it has
no electricity import or export. Its population is about 29 million, and per capita consumption about
8000 kWh/yr.
The Ministry of Water & Electricity (MOWE) is broadly responsible for power and desalination in
the country.
It has plans to install 24 GWe of renewable capacity by 2020, and 50 GWe by 2032, and is looking
at the prospects of exporting up to 10 GWe of this to Italy or Spain during winter when much
generating capacity is under-utilised (cooling accounts for over half the capacity in summer). The
50 GWe in 2032 was to comprise 25 GWe CSP, 16 GWe solar PV, 4 GWe geothermal and waste
(together supplying 150-190 TWh, 23-30% of power), complementing 18 GWe nuclear (supplying
131 TWh/yr, 20% of power), and supplemented by 60.5 GWe hydrocarbon capacity which would
be little used (c10 GWe) for half the year. The nuclear target date has now been put back to 2040.

The first of three phases of the King Abdullah Solar water initiative were expected to be operating
by the end of 2013. Phase 1 involves construction of two solar plants which will generate 10 MW
of power for a 30,000 m³/d reverse-osmosis (RO) desalination plant at Al Khafji, near the Kuwait
border. Phase 2 will involve construction of a 300,000 m³/d desalination plant over three years.
The third phase aims to implement the solar water initiative throughout Saudi Arabia, with the
eventual target of seeing all the country's desalination plants powered by solar energy by 2020.
Meanwhile the country continues to install huge desalination capacity, much of it thermal MSF and
MED, but a lot is reverse osmosis (RO), driven by electricity.
Saudi Nuclear power plans
In August 2009 the Saudi government announced that it was considering a nuclear power
program on its own, and in April 2010 a royal decree said: "The development of atomic energy is
essential to meet the Kingdom's growing requirements for energy to generate electricity, produce
desalinated water and reduce
reliance on depleting
hydrocarbon resources." The
King Abdullah City for Atomic
and Renewable Energy (KA-
CARE) was set up in Riyadh to
advance this agenda as an
alternative to oil and to be the
competent agency for treaties
on nuclear energy signed by
the kingdom. It is also
responsible for supervising
works related to nuclear energy
and radioactive waste projects.
In June 2010 it appointed the Finland- and Swiss-based Poyry consultancy firm to help define
"high-level strategy in the area of nuclear and renewable energy applications" with desalination. In
November 2011 it appointed WorleyParsons to conduct site surveys and regional analysis to
identify potential sites, to select candidate sites then compare and rank them, and to develop
technical specifications for a planned tender for the next stage of the Saudi nuclear power project.
Three sites were short-listed as of September 2013: Jubail on the Gulf; and Tabuk and Jizan on
the Red Sea. The Nuclear Holding Company was being set up in 2013.
In June 2011 the coordinator of scientific collaboration at KA-CARE said that it plans to construct
16 nuclear power reactors over the next 20 years at a cost of more than 300 billion riyals ($80
billion). These would generate about 20% of Saudi Arabia's electricity. Smaller reactors such as
Argentina’s CAREM are envisaged for desalination. An April 2013 timeline showed nuclear
construction starting in 2016.
In April 2013 KA-CARE projected 17 GWe of nuclear capacity by 2032 of total 123 GWe, with 16
GWe solar PV, 25 GWe solar CSP (to provide for heat storage), and 4 GWe from geothermal,
wind and waste. About half the capacity in 2032 would still be hydrocarbon, with one-third solar
following investment in that of some $108 billion. In addition 9 GWe of wind capacity would be
used for desalination. In January 2015 the nuclear target date was moved to 2040.
In September 2013 both GE Hitachi Nuclear Energy and Toshiba/ Westinghouse signed contracts
with Exelon Nuclear Partners (ENP), a division of Exelon Generation, to pursue reactor

construction deals with KA-CARE. GEH is proposing its ABWR and ESBWR, while Toshiba/
Westinghouse is proposing the AP1000 and its ABWR version. Areva and EdF have signed a
number of agreements with Saudi companies and universities, and EdF signed an agreement with
Saudi Arabia's Global Energy Holding Company (GEHC) for the creation of a joint venture whose
first task will be to carry out feasibility studies for an EPR reactor in the country.
In March 2015 the Korea Atomic Energy Research Institute (KAERI) signed an agreement with
KA-CARE to assess the potential for building South Korean SMART reactors in the country.
SMART is designed for electricity generation (up to 100 MWe) as well as thermal applications,
such as seawater desalination, with a 60-year design life and three-year refuelling cycle. The cost
of building the first SMART unit in Saudi Arabia is estimated at $1 billion. The agreement is seen
by South Korea as opening opportunities for major involvement in Saudi nuclear power plans, and
it also calls for the commercialization and promotion of the SMART reactor to third countries.
KAERI has designed an integrated desalination plant based on the SMART reactor to produce
40,000 m3
/day of water and 90 MWe of power at less than the cost of gas turbine.
Also in March 2015, the state-owned INVAP (Investigacion Aplicada) from Argentina and state-
owned technology innovation company Taqnia set up in March 2015 a joint venture company,
Invania, to develop nuclear technology for Saudi Arabia's nuclear power program, apparently
focusing on small reactors such as CAREM. Taqnia is the technology arm of the Public
Investment Fund.

China, India drive global energy needs: Al-Attiyah
GulTimes
The global energy industry has seen huge demand from two fast-growing major economies —
China and India — even as consumption dropped in Europe, said HE Abdullah bin Hamad al-
Attiyah, president of the Administrative Control and Transparency Authority (ACTA).
“These two countries have launched themselves to a high growth zone,” al-Attiyah told Gulf Times
yesterday.
“For example, take the
case of India. From a
very classical agrarian-
based economy with
just textile exports to
highlight, India has
become a giant in
industry, IT and many
sectors. India has
changed drastically
over the last 20 years.
This is not the India
we have seen in the
60s and 70s,” al-Attiyah said on the sidelines of the 5th Gulf Intelligence Doha Energy Forum
2015 in Doha.
He said China and India would need huge amounts of energy to achieve their growth targets.
“I therefore believe a consumption drop in Europe will be made up by growing demand for energy
in China and India,” al-Attiyah said.
Earlier, at a one-on-one session, al-Attiyah said he did not think the relevance of Opec was
fading. “Opec has always been and is still relevant.”Al-Attiyah, also a former president of the
Organisation of Petroleum Exporting Countries, said he believed Opec would not change policy at
its next meeting unless other producers cut first.
“I don’t advise Opec to have an extraordinary meeting without having a concrete decision to
change policy,” said al-Attiyah, who was associated with Opec at different capacities for about 40
years.
Earlier in his welcome note, Alistair Routledge, president and general manager of ExxonMobil
Qatar, said, “Forecasting long-term energy trends begins with a simple fact — people need
energy. Over the next few decades, population and income growth — and an unprecedented
expansion of the global middle class — are expected to create new demands for energy and thus
we see global energy consumption rising by about 35% from 2010 to 2040.”
Asia’s impact on world energy demand and global energy security in the 21st century was among
the critical industry topics to be debated at the 5th Doha Energy Forum, which will include
ConocoPhillips and Maersk Oil Qatar amongst the forum’s other industry partners, with Texas
A&M University at Qatar engaging as the forum’s Academic Partner.

Solar Impulse2 toward flight 3/12 (from India to Myanmar )
www.solarimpulse.com
Before taking off for its third flight from Ahmedabad (VAAH) in the Republic of India, to Varanasi (VIBN) in the
Republic of India, the Solar Impulse team will prepare the aircraft and pilot. It will also be the opportunity to reach out
to governments, NGOs, universities and schools to spread Bertrand Piccard's and André Borschberg's message
about clean technologies.
Solar Impulse will take off for its fourth flight from Varanasi
(Lal Bahadur Shastri Airport, VNS/VIBN) in the Republic of
India, to Mandalay (Mandalay International Airport,
MDL/VYMD) in the Republic of the Union of Myanmar. The
pilot will fly the zero-fuel airplane on about 1408km (760NM)
for an estimated time of 20 hours. South of the Himalayas, the
meeting of the jet streams can cause difficult crosswind for Si2.
The pit-stop is the opportunity for pilots Bertrand Piccard and
Andre Borschberg to share the symbol of Solar Impulse with
the people of Varanasi.

Bahrain refinery expansion to cost some $5b, online by 2019
GulfNews + NewBase
An expansion of Bahrain’s Sitra crude oil refinery is expected to cost around $5 billion and the
facility is likely to be commissioned by 2019, the energy minister said on Tuesday. “We have the
refinery modernisation which will cost around $5 billion. Already front-end engineering and design
(FEED) has been awarded — FEED should be ready by the end of the first quarter of 2016,”
Abdul-Hussain Bin Ali Mirza told Reuters.
“The increase in capacity according to the current plan is from 260,000 barrels per day to 360,000
and it will be commissioned by 2019.” He added, “Financing will be through borrowing, we haven’t
finalised this yet.”
Bahrain lacks the ample crude oil and financial resources of the big Gulf energy exporters, and its
state finances are under heavy pressure from the plunge of oil prices since last year. But Bahraini
officials have said they will press ahead with key projects that are needed to develop the
economy.
Construction of a pipeline between Saudi Arabia and Bahrain, which will replace an ageing one
and lift capacity to 350,000 bpd from 230,000, is expected to be finished by 2018, Mirza said.
Previously, officials had estimated the pipeline would be completed by the third quarter of 2016.
Mirza did not give a reason for the change.
He added that this year Bahrain would ask companies to bid to explore offshore blocks for oil and
gas. He did not give a specific date or say which companies would participate as a roadshow for
investors has not taken place yet.
The chief executive of Bahrain’s National Oil and Gas Holding Co, Mohamed al-Khalifa, told
reporters on Monday that the launch of the bidding round “will depend on the situation of the
market”.
Mirza said in a speech late on Sunday that his country had completed a pilot project to generate 5
megawatts of solar power and was close to launching another pilot plant to generate 3MW of solar
power and 2MW of wind power.

Egypt:Siemens helps to power up Egypt with gas turbines
The National + NewBase
Egypt is adding huge power generation capacity to its grid with a combination of conventional and
renewable energy. Siemens will supply four gas turbines to the Attaka Power Plant, which will add
650 megawatts to the grid. The plant is located about 150 kilometres east of Cairo, and will
provide electricity for more than half a million people.
Siemens did not provide a value for the deal, nor did it say when the project was expected to be
commissioned. “This project is in progress, but on time to be executed according to the fast-track
schedule,” said Karim Amin, the senior vice president for power generation at Siemens Middle
East.
The German company also recently signed a contract with the East Delta Electricity Production
Company to supply, install and commission electrical components at the 650MW Suez Thermal
Power Plant.
The plant will be commissioned in 2016. In addition, Abu Dhabi-based Masdar this week
inaugurated a 10MW solar power plant in Marsa Matrouh, enough to power about 10,000 homes.
“The plant will save five million litres of diesel fuel and also reduce Egypt’s carbon footprint by
more than 14,000 tonnes of carbon dioxide per year,” Wam quoted Sultan Al Jaber, the UAE
Minister of State, as saying during the inauguration.

Masdar announced in November
that it was looking to undertake
2,000MW of wind and solar
projects in the North African
country, increasing its original
plan of only 200MW. Masdar is
also working to provide solar
power to 61,000 homes
throughout Egypt.
As Egypt struggles to regain
economic standing from pre-Arab
Spring levels, power shortages
have been a major obstacle. The
country dropped 14 places to 121
out of 144 countries for electricity
supply in the World Economic Forum’s annual Global Competitiveness Index 2014-15.
Industries have suffered across the board from local business owners spending more money on
diesel generators to continue operations. Egypt’s president Abdel Fattah El Sisi has made energy
reform a major priority.
On his visit to the UAE in January, he said that the country would roll out an ambitious energy
strategy to help meet rising demand. The strategy could be unveiled at the upcoming Egypt The
Future investment conference hoping to attract investments from international companies.

US: Get Ready for Oil Deals: Shale Is Going on Sale
Bloomberg + NewBase
A decision by Whiting Petroleum Corp., the largest producer in North Dakota’s Bakken shale
basin, to put itself up for sale looks to be the first tremor in a potential wave of consolidation as
$50-a-barrel prices undercut companies with heavy debt and high costs.
For the first time since wildcatters such as Harold Hamm of Continental Resources Inc. began
extracting significant amounts of oil from shale formations, acquisition prospects from Texas to the
Great Plains are looking less expensive.
Buyers are ultimately after reserves, the amount of oil a company has in the ground based on its
drilling acreage. The value of about 75 shale-focused U.S. producers based on their reserves fell
by a median of 25 percent by the end
of 2014 compared to 2013, according
to data compiled by Bloomberg.
That’s opening up new opportunities
for bigger companies with a better
handle on their debt, said William
Arnold, a former executive at Royal
Dutch Shell Plc.
“In this market, there are whales and
there are fishes, and the whales are
well armed,” said Arnold, who also
worked as an energy-industry banker
and now teaches at Rice University in
Houston. “There are some very
vulnerable little fishes out there trying
to survive any way they can.”
Smaller producers with significant
debt that depend on higher prices to
make money are the most likely early
targets for buyers such as Exxon
Mobil Corp. or Chevron Corp.,
companies that have bided their time

for years as the value of some shale fields soared to $38,000 an acre from $450 just a few years
earlier.
‘Consolidation Game’
The market crash is creating “a consolidation game,” Concho Resources Inc. Chief Executive
Officer Timothy Leach said in a Feb. 26 call with investors. “It’s harder to be a small company
today than it has been in the past.”
In the pre-plunge days, acquisitions were dominated by foreign buyers overpaying to get a seat at
the shale boom table. That buying frenzy was followed by an explosion in asset sales as
companies pieced together their ideal drilling portfolios. Joint ventures were a popular way of
funding what seemed like an unstoppable drilling machine.
Now, an expected surge of deals is more likely to feature fire sales by companies unable to pay
expenses, falling asset prices and a widening division between the haves and have-nots.
Heavy Debt
Sellers will be companies like Whiting, handicapped by heavy debt and lacking the cash reserves
or hedging contracts that would have provided some insulation from the market crash. Among the
three biggest producers in North Dakota -- Whiting, Continental and Oasis Petroleum Inc. -- the
value per-barrel of reserves has fallen by about half since June, the data show, meaning those
reserves would cost a buyer half what they were worth eight months ago.
Exxon is the only major oil company with a AAA credit rating, which gives it unparalleled
borrowing power for financing deals. More importantly, the company has $226 billion of its own
shares stashed away from buybacks that it could use to buy other companies. That was how
Exxon paid for Mobil in 1999 and XTO Energy Inc. in 2010.
Chevron holds $43 billion of its own shares in its treasury alongside $13 billion in cash, and the
company has ample ability to borrow.
An analysis by Wolfe Research LLC analyst Paul Sankey found the likeliest takeover candidates
among major U.S. and Canadian producers included Continental, Apache Corp., Devon Energy
Corp. and Anadarko Petroleum Corp. Those companies are big enough to help a buyer such as
Exxon gain oil reserves at a cheaper price compared to peers, Sankey wrote Feb. 2.

In the headiest days of the shale-buying spree, executives including Occidental Petroleum Corp.’s
Stephen I. Chazen swore off deal-making, saying it would be more profitable to focus on
developing the assets they’d already acquired. Now they’re singing a different tune.
Eyes Open
For the first time in years, EOG Resources Inc. Chairman and CEO William R. Thomas said Feb.
25 the company was weighing larger deals to scoop up acreage at a bargain, departing from its
usual preference for more incremental purchases. Exxon Chairman and CEO Rex Tillerson
suggested last week at an investor presentation in New York that the global oil giant is keeping its
eye open for opportunities in the downturn.
Whiting has reached out to potential buyers including Statoil ASA about a sale, people familiar
with the matter said this week.
The company took on $2.2 billion in additional debt for its $6 billion acquisition last year of fellow
shale producer Kodiak Oil & Gas Corp., just as crude prices had begun a decline from more than
$100 a barrel to less than $50 at the start of the year.
Scaling Up
The Denver-based company would be an attractive target for Exxon, Chevron or Hess Corp., all of
which have operations in North Dakota and would benefit from scaling up, according to a Bank of
America Corp. note to investors Monday.
Spokesmen for Exxon, Statoil, Chevron and Hess declined to comment on their potential interest
in buying shale companies. Spokesmen for Anadarko, Apache and Devon declined to comment
about their interest in selling.
Buyers will probably have to use their stock to purchase smaller operators, which don’t want to
take cash at the bottom of the market, said Mike Bock, co-founder of energy investment bank
Petrie Partners LLC of Denver. Bock spoke generally about potential energy mergers and
declined to comment specifically on Whiting, as his firm has done business with the company in
the past.
‘Stock for Stock’
“Now is the time to do a stock-for-stock deal,” Bock said. “For the most part, it’s going to be
unconventional players combining.”
Since oil company shares have fallen alongside the market crash, an equity deal allows both
buyer and seller to reap the upside when shares gain in a recovery, said Tim Balombin, an energy
investment banker with Wells Fargo & Co.
Whiting has fallen 54 percent since June, about the same as oil prices in that time. An index of
producers on the Standard & Poor’s 500 Index has fallen by about 32 percent, according to data
compiled by Bloomberg.
“The companies that have good currency in their stock are willing to deploy it aggressively,”
Balombin said in a telephone interview. “The best companies that come out of these downturns
come out of it bigger and stronger.”

Oil Price Drop Special Coverage
Saudi oil exports keep rising
Agencies + NewBase
Average exports from Saudi Arabia for February totaled just under 7 million bpd, 66,000 bpd
higher than the January average, according to the Oil Research & Forecasts team at Thomson
Reuters.
Total seaborne exports (excluding pipeline flows) averaged 6.76 million bpd for February. This
compares favorably to preliminary forecasts for February of 6.70 million bpd. Weekly vessel
departure tracking indicates that Saudi exports peaked at around 8.6 million bpd during the month,
comprising of around 44 vessel loadings.
Further analysis suggests that average Saudi exports have increased steadily since November’s
decision to continue OPEC production at 30 million bpd, with Saudi Arabia leading the drive to
keep up pressure on market supply.
Just over 195.8 million barrels were exported, with customers in Asia retaining a 58% share of
exports. Although China consumption has overtaken Japan in recent months, Chinese buying
appears to have moderated as strategic reserves fill up.
Shakil Begg, Lead Oil Analyst at Thomson Reuters, said “Saudi oil production has been robust so
far this year in spite of the sharp drop in oil prices, and our calculations reinforce OPEC
statements that production will not be reduced. Estimates further indicate that exports will remain
robust.”
Meanwhile, the Organization of Petroleum Exporting Countries won’t change policy at its next
meeting unless other producers cut first, Qatar’s former energy minister said. OPEC is scheduled
to next meet in Vienna in June, seven months after deciding to maintain output levels and protect
market share.
Production by non-OPEC members such as Mexico rose in February from the month before, US
output is forecast to be the highest in three decades and Russian supply climbed to a post-Soviet
high in January.

“I don’t advise OPEC to have an extraordinary meeting without having a concrete decision” to
change policy, Abdullah bin Hamad Al-Attiyah, who was Qatar’s energy minister from 1992 to
2011, told the Doha Energy Forum on Tuesday. OPEC won’t change policy at its next meeting in
June unless non-OPEC producers join in a collective cut, he said.
Brent crude, a benchmark for more than half of the world’s oil, has dropped 26 percent since
OPEC’s decision on Nov. 27. Futures fell 1.3 percent to $57.75 a barrel by 11:19 a.m. on the ICE
Futures Europe exchange in London. OPEC’s next regular meeting is scheduled for June 5.
The Energy Information Administration forecast that US output will increase to 9.3 million barrels a
day this year, the most since 1972. Russia produced 10.71 million barrels a day in January and
Petroleos Mexicanos, Mexico’s state-controlled oil company, boosted output to 2.33 million barrels
a day in February from 2.25 million barrels in January.
Brent oil expected to trade at $60-70 by 2015 end
GulfTimes + NEwBase
Brent crude oil prices are expected to trade in the $60-70-a-barrel price range by end-2015 and
international oil companies (IOCs) are likely to maintain their production targets despite crude
prices have fallen around 50% from last summer’s highs, an industry survey conducted at The
Gulf Intelligence Doha Energy Forum has found.
According to the survey,
conducted yesterday among
more than 160 Qatari and
international leaders from
government, academia and the
energy industry, 42% of the
respondents expressed the view
that Brent crude was expected
to trade in the $60s-a-barrel
range at the end of the year,
while 38% thought prices were
more likely to be at $70s at that
point. Only 6% predicted Brent would trade above $80 a barrel by year-end.
Brent crude prices slumped below $50 a barrel in January, having fallen off the cliff from highs
above $110 in June before recovering to levels around $60 a barrel in February. Brent was trading
below $58 a barrel yesterday. Crude prices have declined on the back of new supplies hitting
markets, in particular from shale oil production in the US, and slower global economic growth,
including in Asia.
The survey also found that 33% of respondents expected IOCs to maintain production targets
through greater operational efficiency, even with lower capital expenditure, despite oil prices
trading in the current price range and the resulting volatility on the development of new energy
capacity over the short to mid-term. As many as 29% of those surveyed thought that prices and
volatility would cause US shale oil producers to stop new capacity additions and lead to a decline
in existing shale oil capacity.

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
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 11 March 2015 K. Al Awadi

New base 558 special 11 march 2015

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