New base 689 special 17 september 2015

Copyright © 2015 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 17 September 2015 - Issue No. 689 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
UAE: ENEC completes installation of unit 2 steam generators at
BARAKAH nuclear power plant
(WAM) -- The Emirates Nuclear Energy Corporation, ENEC, has announced the completion of yet
another safe and on-time milestone in the development of the country’s first nuclear energy plant,
with the successful installation of its Unit 2 Steam Generators, SGs, at Barakah.
The two huge stainless steel SG units, which are similar in length to a tennis court, were
manufactured in South
Korea over a period of
four years by Doosan
Heavy Industries, part of
ENEC’s Korean Prime
Contractor consortium.
Following manufacture,
the generators were then
shipped to Barakah
where they were set in
place inside the Unit 2
Reactor Containment
Building, RCB.
In a nuclear energy plant
which uses Pressurised
Water Technology, the
steam generator acts as
a heat exchanger where
the water carrying the heat generated from the nuclear reaction is used to safely turn
demineralised water into steam. This is an in-built safety feature that keeps the water used in the
reactor and the water used in the turbine segregated. The steam produced in the Steam
Generator is then used to spin a turbine which drives a generator to produce electricity.
Each of Barakah’s steam generators contain numerous tubes that safely carry heated processed
water at high pressure. These tubes are made of an alloy composed of nickel, chromium and iron,
making them strong and corrosion resistant, even at high temperatures.
"This is an important milestone in the continued progress and delivery of ENEC’s second unit,
which is scheduled to come online approximately one year after the first unit, which will be in
2017," said Mohamed Al Hammadi, ENEC CEO. "As with all of our work at Barakah, I am proud to
see the team continue to deliver these significant achievements with safety, quality and
performance as top priority at all times."

Over the next six months, further piping connection work will take place to connect the SGs to the
Unit 2 Reactor Vessel, Turbine Generators and Condenser in order to allow water and steam to
pass in and out as required for the electricity production process.
The Barakah Nuclear Power Plant will eventually consist of four nuclear power generating units,
safely housed in two plants, with a combined capacity of approximately 5,600 MW. Barakah Unit 1
is now more than 75% complete, Unit 2 now 53% complete, and construction of the overall Units 1
to 4 programme now 50% complete. In 2017, ENEC’s first 1,400 MW Unit is scheduled for
completion. Additional units will follow at twelve monthly intervals, with the fourth unit set to
commence commercial operations in 2020, pending regulatory reviews and licensing.

UAE: DP World plans solar rooftop project that could generate
40 MW of electricity. The National + NewBase
DP World, one of the country’s biggest free zone operators, is leading the solar energy charge
with plans that could generate up to 40 megawatts of electricity. Once completed in 2016, the port
operator’s scheme is set to be the largest solar rooftop project in the emirate that is providing
energy back into Dubai’s electricity grid.
The ports company said it will set up the solar panels on 19
rooftops in Jebel Ali free zone buildings, parking sheds and the
surrounding parking areas. One warehouse and two cruise
terminal rooftops in Mina Rashid will also be outfitted.
It is estimated that the between 30MW and 40MW will be
generated, about one third of the power used by the ports facility
or enough to power 30,000 homes for a year. The power is also
about one tenth of that generated by the largest solar plant in
the world, the Ivanpah Solar Power Facility in California’s
Mohave Desert.
“It is a milestone in promoting the rational use of natural resources and creating innovative
solutions that replace traditional energy sources,” said DP World chairman, Sultan bin Sulayem.
“We are delighted to contribute to the efforts that support the emirate’s economic growth and the
drive to build a green economy.”
In May, the Dubai Electricity and Water Company (Dewa) launched Shams Dubai, an initiative to
regulate the generation of solar energy in buildings and their connection to the grid. Under the
scheme, businesses and homeowners will be able to install their own solar panels and then
reintegrate the energy generated back into the grid to reduce their costs.
Mr bin Sulayem said: “To secure a healthy sustainable society for future generations, it is
necessary to take stock of our energy consumption today. Diversifying our energy mix with
renewable resources such as solar power makes a lot of sense in our region where we can
harness it all year round.”
He said a tender has already been issued for DP World’s project and bids will be accepted in
October, with a final contract expected to be signed by the end of the month. The project should
be live before the second quarter of 2016. Bertrand Piccard is the co-pilot of Solar Impulse 2, the
aircraft that is attempting to complete the first solar-powered round-the-world flight.
He believed projects like this were putting the UAE at the forefront of the solar power industry.
“When you look at the kind of work that is coming out of the UAE and the Arab world, it is
impressive,” Dr Piccard said.
“When you look at the UAE you can see that there is real work being done, real initiatives and this
is despite them producing oil. It is the way for the future and it is exciting.” Saeed Al Tayer, chief
executive of Dewa, said the DP World project would help his organisation to achieve “its vision to
become a sustainable innovative world-class utility”.
He said the Mohammed bin Rashid Al Maktoum Solar Park aims to generate 2,600MW from
renewable energy by 2030. The announcement marks the start of Go Green, a maritime industry
drive involving five of the world’s largest port operators.

Qatar will remain stable LNG supplier to Japan
QNA/Doha
HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada participated in the
opening of the Fourth Liquefied Natural Gas (LNG) Producer-Consumer Conference, which was
held in Japan and attended by a number of senior officials from
governments and LNG producing and consuming companies in the world.
A statement issued by the Ministry of Energy and Industry said that HE the
Minister of Energy and Industry met on the sidelines of the conference
with a number of officials in the Japanese government institutions as well
as in companies operating in the field of energy in Japan.
HE al-Sada also met with officials from Japan Oil, Gas and Metals
National Corp and from several companies including Marubeni Corp, Chubu Corp, Itochu Corp,
Kogas and Mitsubishi, as well as from international players in this sector.
In a speech at the opening of the conference that focused on the importance of natural gas for
producing and consuming countries, HE al-Sada said that the volatile situation in global energy
markets along with low oil and gas prices currently prevailing in the market do not encourage
producers to invest in the development of resources that the world needs in the future, a matter
which augurs future crises in supply and demand.
He added that the State of Qatar harnessed huge investments to provide clean energy for
consumers in all parts of the world, contributed to reducing harmful emissions to the environment
and developed environmental projects to reduce emissions such as those from gas recovery
project which was opened in April with a cost of more than a billion dollars.
HE al-Sada touched on the bilateral relations between Qatar and Japan in the field of energy
supply and LNG in particular, stressing that despite the volatility in global energy markets, the
State of Qatar will remain a stable and reliable supplier of energy to Japan that can be relied upon
in all circumstances.
He expressed Qatar’s readiness to contribute to activate and intensify constructive dialogue
between producers and consumers of energy and work with them in order to stabilise global
energy markets for the benefit of all.
Total:- 77 MTY

Kuwait to start offshore oil exploration in two years
Source: Reuters + NewBase
Kuwait plans to start an offshore oil exploration programme within two years, state news agency
KUNA on Wednesday cited a Kuwait Oil Co (KOC) executive as saying, as part of plans to boost
oil output capacity.
In comments suggesting
Kuwait will maintain energy
investments despite
plunging oil prices, KOC's
manager of planning, Bader
Al-Attar, was quoted as
saying his country aimed to
add a total of 700,000
barrels per day (bpd) of
crude oil production
capacity from offshore and
onshore areas. Attar did not
identify the potential
offshore locations.
Most of Kuwait's production
is from the onshore
Burgan field, the world's
second largest, in the
southeast of the country,
though it also extracts
reserves from an offshore Neutral Zone where it shares facilities with Saudi Arabia.
Attar also said Kuwait aims to boost production capacity to 3.5 million bpd by the end of 2015,
including from the Neutral Zone, from around 3.15 million bpd now.
A Kuwaiti oil industry source told Reuters last week his country will raise oil output by between
250,000 and 270,000 bpd by the end of the year to make up for production lost from two shut oil
fields.
Attar was quoted saying by KUNA his country still wanted to lift output capacity to 4 million bpd by
2020 and sustain this level to 2030.

Gabon: VAALCO Energy announces first production from
the North Tchibala field, offshore Gabon.. Source: VAALCO
VAALCO Energy announced Wednesday that the North Tchibala 1-H well, the first development
well drilled by VAALCO in the North Tchibala field, was brought online at a rate slightly in excess
of 3,000 gross barrels of oil per day (approx. 750 barrels per day net revenue interest to
VAALCO). The well was drilled to a measured depth of approx. 11,160 feet, targeting the
undeveloped Dentale reservoir. The Dentale formation is productive in fields onshore Gabon, but
this well represents the first Dentale
production for the industry from that
horizon in the offshore waters of
Gabon.
The North Tchibala 1-H well was
initially brought on production
utilizing an electrical submersible
pump (ESP), but was subsequently
allowed to produce naturally. The
well is not producing any formation
water or hydrogen sulfide (H2S)
and has a strong flowing tubing
pressure in excess of 1,000 PSI.
VAALCO plans to continue to
produce the well without artificial lift
while monitoring surface and
downhole pressures.
This is the second well drilled and
placed on production at VAALCO's
new Southeast Etame/North
Tchibala (SEENT) platform
located in approx. 260 feet of water
offshore Gabon. VAALCO is the
operator of the Etame Marin
permit area and owns a 28.1% working interest and a 24.4% net revenue interest. The
Transocean Constellation II jackup rig is mobilizing over to the Avouma/South Tchibala platform to
conduct workover operations to replace ESPs on three existing development wells, two of which
are off production.
Steve Guidry, VAALCO's Chairman and CEO commented:
'I am pleased to announce that the results from the North Tchibala 1-H well exceeded our
expectations. This industry milestone is particularly exciting as it is the first production from the
North Tchibala field and the producing interval in this well is one of several within the Dentale
formation known to be oil-bearing. We will monitor production and reservoir performance over the
next few months while we complete our workover program at the Avouma/South Tchibala platform
to determine the appropriate timing to drill a follow-up North Tchibala development well. We
believe this field has significant reserve upside and results from this well over the coming months
are important as this will allow us to better understand the potential of the newly-producing
reservoir.'

Cameroon: Tower Resources signs Thali Production Sharing
Contract, offshore Cameroon. Source: Tower Resources
AIM-listed Tower Resources has announced the signing of the shallow water Thali (formerly
known as 'Dissoni') Production Sharing Contract ('PSC'), offshore Cameroon.
The PSC signing ceremony took place on 15 September 2015 at the offices of Société Nationale
des Hydrocarbures ('SNH') in Yaoundé, Cameroon, in the presence of a delegation which
included the Minister of Mines, Industry and Technological Development, His Excellency Mr
Emmanuel Bonde, and the Executive General Manager of SNH, Mr Adolphe Moudiki.
Tower's signature of the Thali PSC represents a low cost entry into a mature region with low-risk
exploration/appraisal targets and the potential for significant upside. Tower has a 100% interest in
the Thali PSC, and the terms of the PSC include three exploration phases, including the minimum
work commitment of the Initial Exploration Period, outlined below:
• Initial Exploration Period (3 Years): Consisting of geological and geophysical studies,
100km2 of 3D seismic acquisition and a commitment well with a minimum financial
commitment of US$13 million.
• First Renewal Period (2 Years): Consisting of one exploration or appraisal well with a
minimum financial commitment of US$15 million.
• Second Renewal Period (2 Years): Consisting of one exploration or appraisal well with a
minimum financial commitment of US$15 million.
Tower has the option of relinquishing the PSC on completion of each Period on condition that the
minimum work commitment has been met.
The Thali PSC covers an area of 119.2 km², with water depths ranging from 8 to 48 metres, and
lies in the prolific Rio del Rey basin, in the eastern part of the Niger Delta. The Rio del Rey basin
has, to date, produced over one billion barrels of oil and has estimated remaining reserves of 1.2
billion boe, primarily within depths of less than 2,000 metres.
The Rio del Rey is a sub-basin of the Niger Delta, an area in which over 34.5 billion barrels of oil
has been discovered, with 2.5 billion boe attributed to the Cameroonian section.
The Thali Block has the potential to hold up to four distinct play systems, including the established
play in which three discovery wells, two gas (Rumpi-1, Njonji-2) and one oil (Njonji-1), have
already been drilled on the Block.
There are 7 million barrels of oil already discovered on the Block. These are currently viewed as
sub-commercial discoveries, but once better seismic imaging has been achieved Tower sees
potential to add incremental oil reserves to achieve commerciality.
There is also significant potential to develop prospects at deeper levels, in both structural and
stratigraphic traps, once better imaging has been achieved. The existence of infrastructure in
adjacent blocks means that the development of a 20 million barrel oil field has the potential to be
economically viable at current oil prices.

Thali PSC (formerly known as Dissoni) Source: Tower Resources
Tower's initial priority will be the acquisition of 3D seismic in the first half of 2016. The seismic will
be used to update the existing 24 year old data set to allow better resolution of shallow plays as
well as imaging of deeper sections. Tower expects to be drilling in 2017/18.
The market downturn in the services sector presents an opportunity for the Company to leverage
lower seismic and drilling costs and a partner will be sought in due course to share Tower's
financial commitment and provide additional technical input.
Graeme Thomson, CEO, commented: 'We are delighted to be awarded the Thali PSC and look
forward to working closely with SNH as we develop the prospectivity of this exciting acreage. Our
entry into Cameroon marks a shift in our risk profile from frontier to proven basins and introduces
an asset with existing discoveries into the Tower portfolio.
The Thali Block provides Tower with lower risk exploration and appraisal potential in this shallow-
water proven-producing region and provides a base from which the Company can expand its
portfolio in Cameroon.'

US: Falling oil output is underpinning US oil prices
John Kemp + NewBase
US crude oil production is falling sharply, helping put a floor beneath US domestic crude prices
and causing them to rise relative to the international marker Brent. In the face of lower prices, the
US oil boom has stalled and the industry is facing the sharpest setback in production for decades,
excluding hurricane periods.
According to the US Energy Information Administration (EIA), US crude and condensate output
peaked at 9.612mn barrels per day (bpd) in April and had declined by 316,000 bpd by June.
roduction continued to rise in North Dakota (36,000 bpd) but in most other states and offshore
areas output turned down.
The largest declines were reported in Texas (129,000 bpd), the Gulf of Mexico (90,000 bpd), West
Coast offshore (28,000), Alaska (27,000 bpd) and California (18,000 bpd). The EIA estimates
national production dropped by another 325,000 bpd over the third quarter, which will take output
this month below 9mn bpd for the first time since September 2014.
Production is forecast to continue dropping by a further 340,000 bpd over the next 12 months,
bottoming out at just 8.63 and 8.64mn bpd in August and September 2016. In total, EIA expects
US output to decline by nearly 1mn bpd between April 2015 and August 2016 as a result of falling
oil prices.
Some of the current and forecast reductions are coming from the formerly fast-growing shale
plays of Texas, North Dakota, Colorado and Wyoming. Combined production from the Bakken,
Eagle Ford, Permian and Niobrara plays, the main sources of shale oil, is predicted to fall by
360,000 bpd in October compared with April (“Drilling Productivity Report”).

Conventional output is also declining as producers postpone drilling in high-cost and marginal
areas and some stripper wells, producing just a handful of barrels per day each, are abandoned.
Actual and forecast declines in US production are starting to provide some support to the strip of
US crude futures prices.
US crude futures have strengthened compared with Brent as the market adjusts to the idea the
US market will be less glutted than previously believed. The spread between WTI and Brent prices
for nearby contracts has shrunk to its narrowest since January as WTI prices have firmed.
The most actively traded WTI contract is currently priced at just $3.14 per barrel under Brent,
down from a gap of almost $13 in March. The contango in WTI futures has narrowed consistently
over the last month even as the contango in Brent continued to widen.
In contrast to Brent, WTI is firming across the entire strip. As a result, WTI for delivery in the
month of December 2016 is now priced at less than $5 under Brent. The narrowing contango in
WTI suggests most traders have dismissed concerns about rising US stockpiles or US tank farms
running out of storage space.
The adjustment in US oil production is well underway but the reaction in futures markets has far
been muted.
Partly that is because much of the actual data on production is available only with a lengthy delay
(accurate national figures are available only up to June and show only a relatively marginal drop in
output at that point).
Partly it is because the market has focused on production from North Dakota, which publishes the
most high-frequency data, but where output has been more resilient than in other parts of the
country.
And partly it is because many traders and hedge fund managers still dispute whether output is
declining as much as the EIA estimates and are waiting for stronger evidence before changing
their bearish stance.
Bearish traders and investors are focused more on the weekly data on crude stocks rather than
monthly production figures. Hedge funds and other money managers still have an unusually large
concentration of short positions in the main NYMEX WTI futures and options contracts.
The next few months should provide much stronger evidence for declining US oil output which
should dispel some of the bearish sentiment. The major statistical agencies (EIA, IEA and Opec)
are all now predicting US output will decline in the remainder of 2015 and 2016, as are major US
shale producers like EOG Resources.
If production declines as expected, and demand continues to grow, it should gradually turn market
sentiment and could put a floor beneath WTI and Brent prices. Both Brent and WTI could yet hit
new lows if China’s economy goes into recession or the predicted slowdown in US shale
production fails to materialise.
But in the absence of a fresh shock, the oil market appears to be gradually adjusting to much
lower prices, with a drop in non-Opec production and a pick-up in fuel consumption among the
advanced economies.

NewBase 17 September - 2015 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Oil prices Jumped then stabled after U.S. stockdraw,
but weak Japan data weighs
Oil prices were stable on Thursday as a U.S. stock draw tightened the market while Asia's
economies showed new signs of weakness. U.S. West Texas Intermediate (WTI) crude futures
were trading at $47.13 per barrel at 0430 GMT, virtually unchanged from their previous close,
while Brent was up 6 cents at $49.81 per barrel.
That followed a price jump of as much as 6 percent in the previous session when data from the
U.S. Energy Information Administration showed the largest crude drawdown since February 2014
at the Cushing, Oklahoma, delivery point.
Singapore-based brokerage Phillip Futures said that the stock draw was "a result of higher refining
activity and lower U.S. crude production which is helping the U.S. inventory glut to ease off".
But Wednesday's price gains did not extend into Thursday, capped by weak economic data from
Asia as Japan's exports slowed for a second month in August in a sign that China's economic
slowdown is spreading.
Despite Asia's slowing economies, some analysts said that oil markets may have bottomed out
following over a year of tumbling prices as producers start cutting back output. "Non-OPEC, non-
U.S. oil supply (e.g. Yemen, Mexico, Malaysia, Colombia and China) has peaked and is starting to
decline as double-digit capex cuts start to impact production," Bernstein Research said.
Oil price special
coverage

The cuts would result in a combined reduction of 400 million barrels per day by the end of the
year, but it added that "markets could remain oversupplied through 2016" despite the scale-back.
U.S. crude prices have risen more in recent weeks than globally traded Brent futures, owing
largely to Asia's weakening economies as well as rising output from West Africa and the North
Sea. This has narrowed the WTI discount on Brent by almost 70 percent since mid-August to
around $2.20 per barrel.
"Brent appears to be suffering from higher Atlantic Basin supplies (West Africa and North Sea) as
well as the wider macro picture, with concern over China and consequent trouble in emerging
markets, while European growth remains anemic," said JBC Energy.
Meanwhile, traders are keeping a close eye on whether the Federal Reserve would later in the
day raise interest rates for the first time in almost a decade.
Higher U.S. interest rates would likely attract cash from money traders, lifting the dollar. That
could be bearish for dollar-denominated oil as it would make fuel more expensive for importers
who hold other currencies.
This is the path to $60 oil: Strategist
Michele Fox + NewBase
Crude soared higher Wednesday thanks to a drop in U.S. inventory, but the path to $50 or $60 oil
will take a big drop in U.S. production or a supply outage somewhere else, strategist Helima Croft
said Wednesday.
"You have to have the expectation of a real roll in U.S. production. You have to see this really
starting to come down before people start to say on a fundamental basis we should get
constructive," the chief commodities strategist for RBC Capital Markets said in an interview with
CNBC's "Power Lunch."
"Supply got us into this. It's an oversupply situation. Supply will really have to get us out."
Official data from the U.S. Energy Information Administration showed a total U.S. inventory drop of
2.1 million barrels for the week ended Sept. 11. The draw numbers were bullish beyond average
analysts' forecasts. A Reuters poll called for a total stockpile growth of 1.2 million barrels last
week.
The data, along with some technical buying, led to Wednesday's rally, Croft said. U.S. crude
surged 5.7 percent, settling at about $47.15 a barrel. Brent was last up 4 percent at $49.73 a
barrel.
In addition to U.S. production levels, global unrest could also have an impact on prices, said Croft.
She believes ISIS remains the wild card. The terror group currently incorporates energy
infrastructure as part of its empire, she noted. "There are plenty of exposed energy infrastructures
in the Middle East. If they decide to change their focus, that could be very significant for the oil
markets."
—Reuters contributed to this report.

NewBase Special Coverage
News Agencies News Release 17 Sep. 2015
Abu Dhabi non-oil trade at Dhs42.4b
ABU DHABI: The Statistics Centre Abu Dhabi (SCAD) on Wednesday issued its quarterly report
on non-oil merchandise trade through the ports of the Emirate of Abu Dhabi for Q2 2015, to
support decision makers and businesses with accurate and up to date statistics on the non-oil
merchandise that entered or exited the territory of Abu Dhabi through the emirate’s ports
(including air, sea and land ports) during the reference period, highlighting the relative importance
of each component.
The report data does not exhaustively cover Abu Dhabi’s foreign trade, since a considerable
proportion of it flows through the ports of other emirates.
The total value of non-oil foreign merchandise trade in Q2 2015 was Dhs42.4 billion, an increase
of Dhs 5.8 billion (15.7 per cent) compared with Q2 2014, reflecting an increase of Dhs 1.7 billion
(up 6.1 per cent y-o-y) in non-oil imports, an increase of 4.4 billion (up 97.5 percent y-o-y) in non-
oil exports, offset partially by a decrease of Dhs 335 million in re-exports during Q2 2015. Imports,
non-oil exports and re-exports contributed 68.9 percent, 21.1 percent and 10.0 percent,
respectively, of total merchandise trade through Abu Dhabi Ports in Q2 2015.
Imports by Standard International Trade Classification (SITC4): According to the report,
“Machinery and transport equipment” was the largest contributor to imports by SITC4 in Q2 2015,
representing 50.8 percent of the total. Its value increased by Dhs 1.4 billion (10.7 percent)
compared with Q2 2014. The main contributors to this increase were the sub-sections “Other
transport equipment”, which advanced by Dhs 1.3 billion in Q2 2015.
The second largest SITC4 section in Q2 2015 was “Manufactured goods classified by material”,
representing 19.3 percent of imports in the second quarter “Chemicals and related products”,
which accounted for 9.6 percent of Q2 imports.
These top three sections contributed 79.8 percent of the total value of imports in Q2 2015,
compared with 80.6 percent in Q2 2014.

Imports by Broad Economic Categories (BEC): As SCAD’s report finds, “Industrial supplies not
elsewhere specified” was the largest BEC category of imports in Q2 2015 representing 36.4
percent of the total value, having grown by Dhs522 million (5.2 percent) compared Q2 2014.
The second largest BEC category was “Capital goods (except transport equipment)”, which
increased by Dhs 1.8 billion (26.7 percent) compared with the Q2 2014 value, while the third
largest BEC category, “Transport equipment and parts”, declined by Dhs 364 million (5.2 percent)
over the same period.
The combined contribution of the aforesaid three BEC categories in Q2 2015 was 87.8 percent, up
from 86.1 percent in Q2 2014.
Imports by Harmonised System (HS Chapter): The 6.1 percent y-o-y rise in the value of imports in
Q2 2015, was mainly due to an increases of Dhs 1.7 billion in “Ships, boats and floating
structures” and Dhs1.0 billion in “Pearls, precious metals, stones and articles thereof”.
Imports by continent: With a share of 48.9 percent, Asia represented the leading source of imports
through the ports of Abu Dhabi during Q2 2015, compared with 26.0 percent and 15.0 percent for
imports from Europe and North America, respectively.
Imports by country: A comparison by country shows that the top ten imports partners contributed
69.1 percent of total imports in Q2 2015. The United States of America was the leading source,
supplying goods worth Dhs 4.0 billion, an increase of Dhs 821 million (25.8 percent) compared
with Q2 2015.
Non-oil exports by Standard International Trade Classification (SITC4): The report reveals an
increase of Dhs 4.4 billion (97.5 percent) in the value of non-oil exports during the second quarter
of 2015 compared with the same period in previous year, with “Commodities and transactions not
classified elsewhere” as the largest SITC section, having increased by Dhs 4.3 billion in Q2 2015.
The second largest SITC4 section was “Manufactured goods classified by material”, (although it
fell by 10.6 percent), followed by “Chemicals and related products” (up 9.3 percent) over the
period under comparison.
The three section SITC sections accounted for a combined share of 90.6 percent of Abu Dhabi’s
non-oil exports during the second quarter of 2015 compared with 87.1 percent in Q2 2014.
Non-oil exports by Broad Economic Categories (BEC): The largest BEC category of non-oil
exports in the second quarter of 2015 (“Industrial supplies not elsewhere specified”) contributed
87.0 percent of Q2 exports. This category showed an increase of Dhs 3.9 billion (up 100.1
percent) compared with Q2 2014.

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 –
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For additional free subscription emails please contact Hawk Energy
Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
Mobile: +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 25 years of experience in
the Oil & Gas sector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy
consultation for the GCC area via Hawk Energy Service as a UAE
operations base , Most of the experience were spent as the Gas Operations
Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility &
gas compressor stations . Through the years, he has developed great
experiences in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of supply routes. Many years were
spent drafting, & compiling gas transportation, operation & maintenance
agreements along with many MOUs for the local authorities. He has become a reference for many
of the Oil & Gas Conferences held in the UAE and Energy program broadcasted internationally,
via GCC leading satellite Channels.
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 17 September 2015 K. Al Awadi

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New base 689 special 17 september 2015

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