New base energy news 10 april 2019 issue no 1238 by khaled al awadi

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NewBase Energy News 10 April 2019 - Issue No. 1238 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: Carlyle Group to acquire stake in CEPSA from Mubadala
WAM + NewBase
Mubadala Investment Company and Carlyle Group today announced that funds affiliated with
Carlyle will acquire a significant minority interest in Compania Espanola de Petroleos, Cepsa, from
Mubadala.
Headquartered in Madrid, Spain, Cepsa is Europe’s largest privately-owned integrated oil and gas
company. As part of the agreement, Carlyle will acquire a stake in Cepsa of between 30 percent
and 40 percent The transaction is subject to customary regulatory approvals and is expected to
close by end 2019.
The agreement marks the successful conclusion of a dual-track process through a public offering
and private placement, conducted by Mubadala to bring in new partners as part of its portfolio
management strategy.
"We are pleased to have reached agreement with Carlyle and to have them partner with us as
shareholders in Cepsa. Carlyle is an established, respected, and experienced investor with

significant assets under management in the global energy sector," said Musabbeh Al Kaabi, CEO
of Petroleum and Petrochemicals in Mubadala.
"This represents an important milestone in Cepsa’s 90-year history. Mubadala has worked closely
over the years with Cepsa’s management team to build a world-class fully integrated energy
company. We now look forward to working in partnership with Carlyle which has a significant track
record and energy sector capabilities, and with Cepsa’s management to further enhance and grow
the business."
In turn, Marcel Van Poecke, Head of Carlyle International Energy Partners, said, "We are delighted
to partner with Mubadala and Cepsa’s management team through our commitment to invest in
Cepsa which offers such strong potential and future opportunities in the global energy sector.
We look forward to building upon Cepsa’s growth path for the benefit of their customers, suppliers
and employees. Our team has an established track record with a combination of energy sector,
financial and operational capabilities as well as experience across the energy value chain from
upstream through downstream, refining and marketing."
At completion of the transaction, both parties’ final shareholding stakes will be confirmed. Mubadala
will remain the majority shareholder of Cepsa. Equity for this investment will come from Carlyle
International Energy Partners I & II, Carlyle Partners VII, Carlyle Europe Partners V and co-
investors.
Cepsa is a household name and significant Spanish-headquartered integrated energy company that
has evolved through a combination of organic growth and strategic acquisitions. It now operates
assets across the full petroleum value chain, in more than 20 countries, delivering through-the-cycle
earnings resilience and also operates in the renewables sector.
The company’s assets include significant reserves contained in both the Umm Lulu and SARB fields
located offshore Abu Dhabi. Cepsa is also a significant oil producer in Algeria and operates in
Central and South America and South East Asia.

Oman Ministry of Oil & Gas inks pact with Total for Block 12
Oman Observer + NewBase
Energy supermajor Total has announced that it has signed a Heads of Agreement (HoA) with Oman’s
Ministry of Oil and Gas (MOG) for the award to Total of an exploration licence for Block 12 with significant
prospective gas resources.
Under the terms of this HoA, both parties will finalise in the coming months, on an exclusive basis, a
definitive agreement that will grant to Total 100 per cent working interest and operatorship of the
exploration Block 12, located in Central Oman.
This new agreement was signed after Total, the Ministry of Oil and Gas and Oman Oil Company reached
a new milestone to implement their integrated gas project, which entails developing the gas resources
of the Greater Barik area (Blocks 10 & 11), as well as building and operating a liquefaction plant to offer
a bunkering service and supply LNG as a fuel to marine vessels. “Having been present in Oman for
more than 80 years mostly in the oil sector, Total is pleased to have the opportunity to bring its expertise
in the natural gas value chain to the Sultanate of Oman.
After the agreement reached on the integrated gas project of the Greater Barik area, the entry into
exploration Block 12 represents a new exploration opportunity to unlock additional gas potential and to
contribute to income growth and job creation in the country,” stated Patrick Pouyanné, Chairman and
CEO of Total.
Spread over 10,000 km2, Block 12 is located onshore, in the northern part of Block 6 and to the south
of the Greater Barik area (including Mabrouk North East and Mabrouk West fields). Total’s exploration
programme on the block will comprise seismic acquisition and drilling commitments, with the drilling of
a first well in 2020. In Oman, Total’s SEC production was 38,000 barrels of oil equivalent per day (boed)
in 2018. Total holds 4 per cent interest in the onshore Block 6 operated by Petroleum Development
Oman, as well as in the Oman LNG (5.54 per cent) and Qalhat LNG (2.04 per cent).

Oman targets first oil from Masirah Block this year
Oman Observer- Conrad Prabhu
Oil production from Block 50 off Masirah Island — home to Oman’s first offshore discovery off the
east coast — is slated to commence before the end of this year, according to a key shareholder in
the license.
It follows the successful completion of feasibility and concept studies centring on the landmark GA
South discovery well, attesting to the commercial potential of the find first made in 2014, said
Singapore-based Rex International Holding, which holds a dominant share of the equity in Masirah
Oil Limited (MOL) – the joint venture license holder of Block 50.
Rex International Holding holds an effective interest of 92.65 per cent in MOL through its indirect
wholly-owned subsidiary Rex Oman Ltd. Also owning stakes are Petroci (2.35 per cent), the National
Oil Company of the Ivory Coast (also known as Côte D`Ivoire) and 5 per cent held by Schroder &
Co Banque SA.
On February 4, 2014, MOL announced a surprising oil find in the 17,000 sq kilometre block off
Masirah Island – the first such discovery off the Sultanate’s eastern seaboard. “During a 48-hour
test, hydrocarbons were flowed to the surface and the well achieved a restricted flow rate of 3,500
barrels per day of light oil of high quality without water production from a sandstone reservoir of
excellent quality,” the company said.
Another well, Karamah-1, drilled three years later, encountered an oil-bearing interval in a carbonate
reservoir, further confirming the presence of a working petroleum system in the Block.
“The evaluation of the GA South discovery concluded with a positive feasibility report in the first
quarter of 2018, concluding with oil volumes and a technical development solution that would be
commercially attractive,” Rex International Holding stated in its newly published Annual Report for
2018.
Also as part of a strategy to unlock the hydrocarbon potential of the Block, Rex also announced the
appointment of an independent investment bank as financial adviser to review non-dilutive financing

options and to conduct fixed income securities meetings to fund the development activities at the
GA South discovery.
“In Oman, the Group’s strategy will be to advance its GA South discovery further before considering
any exit,” said Dan Broström, Executive Chairman and Måns Lidgren, Chief Executive Officer, in a
joint statement featured in the Annual Report.
“Rex International Holding’s 92.65 per cent subsidiary Masirah Oil Ltd (MOL), holds a 100 per cent
interest in the Block 50 licence and has to date more than US$100 million in its cost pool. MOL is
considering to develop one or two more prospects in the same area around the GA South discovery,
as potential new discoveries would present economies of scale opportunities for cost reduction and
increase the estimated value for the area considerably,” they noted.
Rex International also commended the support of Oman’s Ministry of Oil and Gas in its endeavour
to bring the reservoir into production. “The Omani authorities are supportive of this possible first
offshore development on the Arabian Sea part of Oman. The work was taken further into a concept
selection phase, concluding with the invitation of several contractors to bid for delivery and
operations of the production equipment.
At the time of writing, negotiations with selected contractors are on-going with the view to start
production by end-2019,” the company added.
m ,

Iraq Is Finally Pumping Enough Oil to Flex Its Muscles in OPEC
Bloomberg + NewBase
The world’s fourth-biggest crude producer is challenging Saudi Arabia’s dominance of the global oil
cartel. Lurking in the shadows are oil sages in Iraq, which has quietly emerged as the world’s fourth-
biggest oil producer. They want a bigger say in OPEC and the global energy game.
Hardly filled with household names, the ever-changing cast of Iraqi oil ministers has basically been
relegated to observers in OPEC, the cartel founded in Baghdad in 1960. Iraq was exempted from
OPEC production quotas for almost two decades, a concession granted because the country had
been mired in conflict since 1980. Its delegations to cartel meetings in Vienna had nothing to offer,
unable to tweak output to help prop up prices or fill shortages.
Iraq’s doubling of crude output in the past decade has finally given the country a voice in oil debates
and prompted its inclusion in the most recent round of cuts. It recently joined the committee that
monitors compliance, though third-party data suggest that the country flouts the production curbs.
(Iraqi officials say the country is complying with the cuts.)
Size is power in the oil markets. No one is as mighty as Saudi Arabia, the world’s biggest exporter,
which has the capacity to pump about 12.5 million barrels a day. But Iraq’s ascent is posing an
increasing threat to the kingdom’s dominance. Former Iraqi oil minister Hussain al-Shahristani laid
the groundwork early this decade by boosting the country’s crude reserves assessments and
cementing partnerships with ExxonMobil, Russia’s Lukoil, BP, and other companies to develop long-
neglected fields.
Those efforts have paid off. Capacity is now about 5 million barrels a day, and Iraq plans to pump
even more, targeting 7.5 million barrels per day in 2025. It’s likely to fall short, reaching 6 million
barrels by then, according to consultant Wood Mackenzie Ltd. But even if it fails to meet its target,
that growing production capacity sends a clear message to OPEC: Iraq can swing global markets.
“Increasing capacity means you can renegotiate your production quota within OPEC,” says Riccardo
Fabiani, an analyst with research consultant Energy Aspects Ltd. Iraq is “basically trying to gradually
position itself as the second-most-influential producer” in the group.

U.S. crude oil production grew 17% in 2018, record from 1970
Source: U.S. Energy Information Administration, Petroleum Supply Monthly
Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in
2018, 1.6 million b/d (17%) higher than 2017 levels. In December 2018, monthly U.S. crude oil
production reached 11.96 million b/d, the highest monthly level of crude oil production in U.S.
history.
U.S. crude oil production has increased significantly over the past 10 years, driven mainly by
production from tight rock formations using horizontal drilling and hydraulic fracturing. EIA projects
that U.S. crude oil production will continue to grow in 2019 and 2020, averaging 12.3 million b/d and
13.0 million b/d, respectively.
Texas continues to produce more crude oil than any other state or region of the United States,
making up 40% of the national total in 2018. Texas has held the top position in nearly every year
since 1970, with the brief exception of 1988, when Alaska produced more crude oil than Texas, and
from 1999 through 2011, when production from the Federal Offshore Gulf of Mexico region was
higher.
Texas crude oil production averaged 4.4 million b/d in 2018 and reached a record-high monthly
production level of 4.9 million b/d in December 2018. Texas’s 2018 annual production increase of

almost 950,000 b/d—driven by significant growth within the Permian region in western Texas—was
nearly 60% of the total U.S. increase.
Several other U.S. states or regions set production records in 2018. Growth in the Permian region,
which spans parts of Texas and New Mexico, also drove a 215,000 b/d, or 45%, production increase
in New Mexico. This level was the second-largest state-level growth in 2018 and accounted for 13%
of the total U.S. increase, setting a new annual record production level in New Mexico.
In the Federal Gulf of Mexico, new projects and expansions that have started since 2016 have
contributed to the growth in production in 2018. Oil and natural gas producers brought online 11
new projects in 2018, and 8 more are expected to come online in 2019. The Federal Gulf of Mexico’s
crude oil production grew by 61,000 b/d, leading to its highest annual average of 1.74 million b/d.
The Federal Gulf of Mexico was the second-largest producing region in 2018.
Production levels in Colorado, Oklahoma, and North Dakota each grew by more than 95,000 b/d
from 2017 to 2018. In Colorado and North Dakota, this increase was enough to set new record
production levels for the year. Production increases in Colorado were driven by the Niobrara shale

formation, while continued production in the Bakken region drove increases in North Dakota.
Oklahoma’s crude oil production has yet to surpass its record level of 632,000 b/d set in 1967.
Increases in these states and regions were enough to offset production declines elsewhere. Alaskan
production decreased by 16,000 b/d and California’s production declined by 13,000 b/d, the state’s
fourth consecutive annual decline.

NewBase 10 April 2019 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Oil up on tight supply, but economic slowdown weighs
Reuters + NewBase
Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC
production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, although
economic worries increased.
International benchmark Brent futures were at $71.05 per barrel at 1000 GMT, up 44 cents, or 0.62
percent, from their last close.U.S. West Texas Intermediate (WTI) crude oil futures were at $64.52
per barrel, up 54 cents, or 0.84 percent, from their last settlement.
Oil markets have tightened this year because of U.S. sanctions on oil exporters Iran and Venezuela,
as well as supply cuts by the Organization of the Petroleum Exporting Countries and some non-
affiliated producers including Russia, a group known as OPEC+.
Brent and WTI crude oil futures have risen by around 30 percent and 40 percent respectively since
the start of the year.
Oil price special
coverage

“The global oil market is clearly moving back towards balance thanks to OPEC+ production cuts,”
ING bank said.
The Dutch bank said the reduction was not only down to voluntary supply cuts, which the group
started this year to prop up prices, but also involuntary curbs from Venezuela and Iran - which are
exempt from the OPEC cut pact - due to U.S. sanctions.
“Declines from these two exempt countries account for almost 47 percent of the reduction seen from
OPEC,” ING added.
But Russia’s role in the pact came into focus after a senior Russian official signaled Moscow might
seek to raise output, though President Vladimir Putin indicated on Tuesday that current prices suited
Russia.
“The Russian camp is increasingly coy about extending supply cuts. Suffice to say, this may throw
a spanner in the works for a sustained price recovery,” said PVM analyst Stephen Brennock.
Not all regions are in tight supply, however.
U.S. crude stocks rose by 4.1 million barrels in the week to April 5 to 455.8 million barrels, data from
industry group the American Petroleum Institute showed on Tuesday, though gasoline and distillate
inventories fell more than expected.
But in its third downgrade on global growth since October, the IMF warned on Tuesday the global
economy was slowing more than expected and that a sharp downturn may be looming.
Slower growth would undermine fuel demand and could put a cap on prices.The IMF said the global
economy would likely grow 3.3 percent this year, the slowest since 2016. The forecast cut 0.2
percentage points from the IMF’s outlook in January.

NewBase Special Coverage
News Agencies News Release 10 April 2019
Aramco Receives Blockbuster $100 Billion Demand for Debut Bond
Bloomberg -Javier Blas + NewBase
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After being shunned by Wall Street and international investors last year, Saudi Arabia made a
historic comeback on Tuesday as oil giant Aramco received more than $100 billion in orders for its
maiden global bond.
The bond sale, the most highly anticipated in recent memory, is set to be the largest-ever in
emerging markets and one of just a handful of times that a company anywhere in the world received
more than $100 billion in bids for a debt offer. It’s a clear sign of investors’ hunger for yield in a world
where bonds from some developed nations -- and even companies -- have negative interest rates.
The anticipated low pricing and strong order book underscores the financial strength of the world’s
largest -- and most profitable -- oil company. The yield on the Aramco bond is expected to be less
than Saudi Arabia’s sovereign debt, which is highly unusual for a state-owned company.
Aramco’s bond sale dominated the attention of fixed-income investors globally and may have even
weighed on the market for U.S. Treasuries.
Aramco's $100 Billion
Orders for Saudi oil giant's bond sales top other noteworthy emerging-market deals
Source: Bloomberg
"The market shows no signs of wishing to balk at the latent political risk attached to Saudi," said
Anthony Peters, a strategist at Blockex Ltd. In London.
Aramco is expected to raise $10 billion to $15 billion in the sale, which will price later today. The
strong demand opens the door for the company to go even higher. By comparison, CVS Health

Corp., Anheuser-Busch InBev NV and Verizon Communications Inc. all drew orders in excess of
$100 billion, but also each borrowed at least $40 billion in their respective M&A transactions.
Aramco received the strongest demand for longer-dated, highest-yielding bonds, which are
effectively are a bet on Saudi Arabia and oil around the year 2050. Longer-dated bonds are usually
popular with pension funds and insurance companies seeking to match the duration of their assets
and liabilities.
The deal is largely seen as Plan B to raise money for the Saudi Arabia’s economic agenda after the
initial public offering of Aramco was postponed. In effect, Saudi Crown Prince Mohammed bin
Salman, who runs the country day-to-day, is using the state oil producer’s pristine balance sheet to
finance his ambitions.
Political Turnaround
An investment summit in Riyadh that month dubbed “Davos in the Desert” was mostly boycotted by
its A-list participants. Yet, little by little, the power of money has attracted Wall Street again, first at
the real World Economic Forum in Davos, Switzerland, where bank bosses said it was time to let
the kingdom out of the penalty box. And later in the bond market itself, where the Saudi government
successfully raised debt this year.
The Aramco bond sale will be final confirmation of the turnaround for the Middle Eastern nation. The
company told investors it would sell debt in six portions, from three to 30 years, according to the
people familiar with the matter.
Given the massive demand, Aramco told investors on Tuesday it expects to pay about 1.1
percentage points more than U.S. Treasuries for its 10-year notes, compared with Saudi sovereign
bonds trading about 1.2 percentage points. The indicative price of Aramco’s bonds dropped by 15
basis points from initial price talk on Monday.
In addition to potentially luring away U.S. debt investors seeking higher yields, the Aramco deal may
weigh on Treasuries through the mechanics of how bonds are sold. Issuers of dollar-denominated
debt often enter into what’s known as rate-lock agreements, in which they bet on Treasury prices
falling to guard against higher yields. Once the debt is sold, the wagers are ended.
This isn’t the first time Saudi Arabia has turned to debt markets since the death of Khashoggi. In
January, the nation sold $7.5 billion in international bonds, the first sign that the outcry hadn’t stifled
foreign investors’ interest in the country.
Banking Friends
Aramco has lined up a roster of international banks supporting its jumbo bond deal, another
indication of how the mood in Wall Street toward the kingdom has changed. The banks not only
want to participate on the bond sale, but also ensure they’re well placed in case Aramco goes ahead
with its planned IPO.

Jamie Dimon, JPMorgan Chase & Co.’s chief executive officer, spoke at a lunch in New York
Thursday to market the deal, according to one person familiar with the matter. Last year, Dimon and
others skipped the investment conference in Riyadh, but still sent senior bankers to make sure they
kept their contacts with the kingdom.
JPMorgan and Morgan Stanley are managing the bond sale along with Citigroup Inc., Goldman
Sachs Group Inc., HSBC Holdings Plc, and NCB Capital Co.
The bond sale, being pitched to investors over the last week in a global roadshow from Tokyo to
New York and London, has forced Aramco to reveal financial and operational secrets held closely
since the company’s nationalization in the late 1970s, shedding a light on the relationship between
the kingdom and its most important asset.
Both Fitch Ratings and Moody’s Investors Service assigned Aramco the fifth-highest investment-
grade rating, the same as Saudi sovereign debt, but lower than oil majors Exxon Mobil Corp., Royal
Dutch Shell Plc and Chevron Corp.
The company plans to use the proceeds of the bond sale to pay part of the $69 billion acquisition of
a majority stake in local petrochemical company Sabic from the country’s sovereign wealth fund.
The deal between three government-owned entities -- where the kingdom’s sovereign wealth fund
sells its 70 percent stake in Sabic to Aramco -- moves money from one pocket of the state to another.
Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut
Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of
its crown prince, issuing $12 billion of bonds for its state-run oil company in one of the
most oversubscribed debt offerings in history.
The demand for Saudi Aramco’s debut offering was so robust it allowed the energy giant to borrow
at a lower yield than its sovereign parent. That’s a rarity in the debt world and underscores the global
chase for yield that has investors brushing off long-held conventions. The rush to buy Aramco’s debt
even helped to lower the borrowing costs for the kingdom.

The bond sale raises money to finance Saudi Arabia’s economic agenda after an initial public
offering of Aramco was postponed last year until at least 2021. Saudi Crown Prince Mohammed bin
Salman, who runs the country day-to-day, is using the state oil producer’s pristine balance sheet to
finance his ambitions for the economy.
The success of the deal has also been seen as essential for some of the world’s biggest banks,
who took Aramco and officials from the Saudi government -- a wildly lucrative client -- on a worldwide
roadshow last week pitching the bonds from Boston to Singapore. Jamie Dimon, chief executive
officer of JPMorgan Chase & Co., touted the deal at a lunch in New York.
The red-carpet treatment stood in sharp contrast to the reception many financial leaders gave the
kingdom a year ago, when banking executives including Dimon skipped a high-profile summit in
Riyadh following the assassination of journalist Jamal Khashoggi. The U.S. has blacklisted 16 Saudi
nationals for their role in the murder of Khashoggi, a former Saudi insider-turned-critic who had
moved to the U.S.
JPMorgan and Morgan Stanley managed the bond sale along with Citigroup Inc., Goldman Sachs
Group Inc., HSBC Holdings Plc, and NCB Capital Co.
During its worldwide roadshows, investors were showered with financial data and operational
secrets of the kingdom’s most important asset, information that had been held closely since the
company’s nationalization in the late 1970s.
The disclosures gave investors plenty of reasons to jump on the deal. With $111.1 billion of profit in
2018, Aramco ranks as the most profitable company in the world. Moody’s Investors Service likened
it to a AAA rated corporation, with low debt relative to its cash flow and access to one of the world’s
largest hydrocarbon reserves.
“There’s no debating how strong of an entity this is when looking at its assets and cash flow
generation,” said Bob Summers, an investment-grade portfolio manager at Neuberger Berman in
Chicago.
Investor orders for the five-part deal exceeded $100 billion at the peak on Tuesday, according to
people with knowledge of the matter. A $3 billion, 10-year bond, for example, priced to yield 105
basis points more than U.S. Treasuries, 12.5 basis points less than what investors demand to own
similar-maturity debt of the Saudi government, said the people, who asked not to be named
discussing the private deal.
What Bloomberg Intelligence says...
“Saudi Arabia’s fiscal reliance on Aramco may eventually drive spreads on the oil company’s
proposed bonds significantly wider than those of similar maturity sovereigns. Longer
will be more susceptible to this trend, in our view, despite a solid cash balance that offsets any near
Aramco received the strongest demand for longer-dated, highest-yielding bonds, which are
effectively a bet on Saudi Arabia and oil around the year 2050. Longer-dated bonds are usually
popular with pension funds and insurance companies seeking to match the duration of their assets
and liabilities.
While other corporate-bond sales have generated $100 billion-plus of orders -- including CVS Health
Corp., Anheuser-Busch InBev NV and Verizon Communications Inc. -- those companies targeted a
substantially larger amount of debt. The final order book came in at $92 billion as Aramco dropped
a planned floating-rate note and some requests were pared back.

The deal had plenty of other things going for it. Investors love to get access to marquee first-time
issuers, particularly those with such closely guarded secrets. That also allows fund managers to
diversify their investment base. Managers that tie their performance to indexes also would need to
get a piece.
“It’s going to be an important component of a lot of the different indices. So if you’re index sensitive,
you can’t avoid it,” Dan Fuss, vice chairman of Boston-based fund manager Loomis Sayles & Co.,
said in a Bloomberg Television interview.
Moody’s and other credit raters tempered their enthusiasm, though, rating it in line with the Saudi
government with the fifth-highest investment-grade ranking.
“That offering is as pricey as I’ve seen in quite a while,” said Loomis’s Fuss. “When bonds are
oversubscribed, it’s really a good idea not to be one of the subscribers.
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
The Editor :”Khaled Al Awadi” Your partner in Energy Services
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Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990

ASME member since 1995
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Mobile: +97150-4822502
khdmohd@hawkenergy.net
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Khaled Al Awadi is a UAE National with a total of 28 years of experience in
the Oil & Gas sector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy
consultation for the GCC area via Hawk Energy Service as a UAE operations
base , Most of the experience were spent as the Gas Operations Manager in
Emarat , responsible for Emarat Gas Pipeline Network Facility & gas
compressor stations . Through the years, he has developed great experiences
in the designing & constructing of gas pipelines, gas metering & regulating
stations and in the engineering of supply routes. Many years were spent drafting, & compiling gas
transportation, operation & maintenance agreements along with many MOUs for the local
authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE
and Energy program broadcasted internationally, via GCC leading satellite Channels.
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 2019 K. Al Awadi

New base energy news 10 april 2019 issue no 1238 by khaled al awadi

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New base energy news 10 april 2019 issue no 1238 by khaled al awadi