New base energy news issue 920 dated 01 september 2016

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,
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NewBase Energy News 01 September 2016 - Issue No. 920 Edited & Produced by: Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Egypt and Cyprus sign gas export pipeline deal
AFP + Gulf News + Newbase
Cyprus and Egypt signed a deal on Wednesday paving the way for detailed negotiations on a
submarine pipeline to export natural gas from the Mediterranean island to its energy-starved
neighbour.
Cyprus has been eager to secure alternative ways to exploit its offshore reserves after proven
finds so far were insufficient to make a planned liquefied natural gas plant on the island’s south
coast financially viable.
Cyprus Energy Minister Georgios Lakkotrypis, and Egypt’s Minister of Petroleum and Mineral
Resources Tarek Al Molla signed the agreement clearing the way for further negotiations on
construction of the pipeline from offshore fields in Cyprus’s exclusive economic zone to Egypt,
where the gas will be used either for domestic consumption or re-export.
“It is one of a series of legal arrangements which will further support the sale of Cypriot natural
gas to buyers in Egypt, provide certainty to investors and complement the relevant commercial
discussions which are underway,” the statement said.
The two governments will now “speedily proceed” with discussions on an intergovernmental
agreement for the pipeline.

The Egyptian minister said: “We signed our first milestone agreement in a series of events that we
will be seeing soon. “I am looking forward to a speedy process from now on and we will start
immediately discussions regarding putting the key milestones and road map for the coming steps.”
2020-2022 target
Lakkotrypis said the aim was to get the pipeline operational from 2020-2022. “We hope this
agreement will help speed up commercial agreements and create an investment framework for
the sale of natural gas from Cyprus to Egypt,” he said.
He said cooperation between Cyprus and Egypt would help support an “operational framework for
the hydrocarbon industry in the east Mediterranean.” Since its first offshore gas find in 2011,
Cyprus has held a series of exploration licensing rounds hoping to discover new reserves.
In the latest round, US giant ExxonMobil with Qatar Petroleum are among eight major energy
players bidding to explore offshore for Cyprus oil and gas. Energy companies — making up six
applications — from Italy, France, Norway, the US, Israel, Britain and Qatar are bidding for Cyprus
drilling rights at three blocks made available.
The blocks up for grabs are close to where Italy’s ENI made a huge find in Egypt’s offshore Zohr
field that could hold 850 billion cubic metres (30 trillion cubic feet) of gas. The field sits adjacent to
a Cyprus block licensed to France’s Total.
Al Molla said the record Zohr find last August would not diminish Egypt’s appetite for Cypriot gas
because of its large population and domestic demand. The discovery has raised hopes that there
are more untapped reserves off Cyprus.
US firm Noble Energy made the first find off the southeast coast in 2011 in the Aphrodite field
(Block 12), which is estimated to contain around 127.4 billion cubic metres (4.54 trillion cubic feet)
of gas.
Israeli firms Delek and Avner have a 30 per cent stake in the venture. Noble handed over a 35-
percent share to Britain’s BG Group, which was bought by Royal Dutch Shell earlier this year.
Block 12 has been declared commercially viable but an action plan on the next steps has yet to be
finalised.
Italian-South Korean venture ENI-
Kogas has so far failed to discover
any exploitable gas reserves in
deep-sea drilling off the island. ENI
has the right to exploit three blocks
(2, 3 and 9) in Cyprus’s exclusive
economic zone bordering Egypt’s
gasfields.
ENI chief executive Claudio Descalzi
has said exploratory drilling off
Cyprus’s southern shore will “for
sure” begin next year. Total is also
expected to do the same in 2017.

Egypt: Shell announces new natural gas discoveries in Western Desert
Source: Reuters
Royal Dutch Shell announced on Wednesday new natural gas discoveries in a concession area of
north Alam El-Shawish in Egypt's western desert.
The initial quantities discovered were estimated at about half a trillion cubic feet of gas with more
possible reserves, Eden Murphy, chairman and CEO of Shell said in a statement.
The discovery could produce from 10 to 15 percent of the total production of Badr el-Din
Petroleum company, which is a joint venture acting on behalf of the state-owned Egyptian General
Petroleum Corporation (EGPC) and Shell in production operations, Murphy added.
Shell owns the license of the entire area, which includes the well. Badr el-Din is expected to
manage the operations.
In July 2007, ENGIE acquired a 45% non-
operated working interest in the Alam El Shawish
West (AESW) concession in the western desert,
operated by Vegas Oil & Gas who owned the
remaining 55% working interest.
A joint venture between Vegas, ENGIE and
EGPC was formed and named PetroAlam
to operate, further appraise and develop the
concession.
In December 2009, both ENGIE and Vegas Oil & Gas sold a 20% participating interest in the Alam
El Shawish West concession to Shell Egypt who became the operator in 2010 with a 40%
participating interest. ENGIE maintained a 25% participation interest.

Oman: Business opportunities abound in Duqm SEZ
Oman Observer - Conrad Prabhu –
The Special Economic Zone Authority at Duqm (SEZAD) has identified business and commercial
opportunities linked to as many as 50 different types of economic activity that are being set aside
exclusively for the benefit of Omani small and medium enterprises (SMEs).
Significantly, these opportunities are being offered by a host of major investors and service
providers that are either already in operation at the SEZ or in the process of establishing a
presence there.
They encompass a broad spectrum of activities, notably ship maintenance, oil and gas pipeline
services, road construction, installation of power and water networks, gardening, landscaping,
horticulture, construction and excavation works, warehousing, contracting and cleaning services,
paving works, foodstuff supply, and other assorted commercial services.
According to the latest edition of Duqm Economist, a newsletter of SEZAD, over a dozen major
industrial and commercial tenants, as well as service providers, have come forward with an array
of opportunities that they say are being earmarked primarily for SMEs.
The wholly government-owned Duqm Development Company (DDC), which is behind the Frontier
Town residential development in the SEZ, has pledged to allocate gardening and landscaping
contracts, as well as the construction of a sports complex, to SMEs.
Scores of prospects for SMEs are also expected to emerge when Chinese investor Oman Wan
Fang LLC commences work on its ambitious Sino-Omani Industrial City venture at the SEZ.

Opportunities pertain to, among other things, the execution of infrastructure services, the
construction of cement and glass plants, development of a solar panel manufacturing facility, and
kitchen supplies.
Oman Dry-dock Company (ODC), the wholly government-owned ship repair yard at the Port of
Duqm, has allocated the following procurement and service contractors for SMEs: maintenance
services at the dry dock, supply of labour, supply of ship repair tools and equipment, marine
spares, leisure facilities, gym equipment, and operation of health clinics.
Kuwaiti firm United Gulf Construction Company, which is implementing Package 3 of Duqm Port’s
development, has set aside maintenance and contracting jobs for SMEs. Local contractor Hussein
Fadhel & Co says it is looking for SMEs to supply and install interlocking tiles for pavements and
surfaces.
Sebacic Oman, which is building a unique sebacic acid plant at the SEZ, has invited SMEs to get
involved in the cultivation of castor trees, the seeds of which serve as the raw material for the
project.
Local upscale hotels Park Inn Duqm and Crowne Plaza Duqm have pledged to set aside
maintenance, cleaning and gardening contracts for SMEs. Contracts for the supply for fresh fruits
and vegetables have been reserved for small firms as well.
There are also pledges of support from the growing number of contracting firms operating at the
SEZ. They have invited SMEs to handle their catering requirements, as well as the supply of
foodstuff, fresh meat and fish, and other essentials.
SEZAD and other government or public sector entities operating within the SEZ are obligated
under current tendering regulations to set aside 10 per cent of all procurements and contracts for
SMEs.
Omani entrepreneurs and SMEs are also encouraged to register their status in a special register
set up by SEZAD which has offered to connect them with tenants as and when opportunities
related to their areas of specialisation emerge at the SEZ.

Oman: Rising fuel prices lift revenues of oil marketing firms
Oman - SAMUEL KUTTY –
Despite rise in domestic fuel prices, all the three listed oil marketing companies in Oman made
substantial increase in the revenues for the first half of the current year.
At the same time, except for Shell Oman Marketing Company, profits of the other two — Oman Oil
Marketing Company and AI Maha Petroleum Products Marketing Co — saw fall during the same
period.
Deregulation of the fuel prices is cited as the reason for increase in the revenues.
Shell Oman registered gross revenues of RO 183.4 million, which is 10.7 per cent higher than the
same period last year mainly due to the reform in fuel prices that took place in January 2016.
The gross profit, for the half year was RO 20.6 million, 11.1 per cent higher than the same period
recorded last year.
Net profit for the six months was RO 8.8 million, 28 per cent more than same period last year
driven by a significant non-recurring item earlier in the year coupled with business growth from
investment and efficient cost management.
According to the first half report, cash flow generated from operating activities, for the six months,
stood at RO 8.9 million compared to RO 7 million for the same period last year, resulting from
higher net income before tax as compared with the same period last year.
“Retail Business saw changes in the fuel demand pattern across the country in line with the trend
in the industry and as influenced by the changes in the fuel price structure”, the company said in
the first half report.
The business continued with its long term growth strategy of investing in its retail network and
enhancing the customer experience with many new retail stations, convenience services and
rebuild projects in progress with two rebuild projects delivered during the quarter.
“The business continued its drive to pursue operational excellence through developing and
recognising Omani retailers”, the report added.
Oman Oil Marketing Company recorded sales revenue of RO 199 million, which is 9 per cent
higher compared to the same period last year.

“With the removal of the fuel price subsidy, the retail business segment witnessed a notional drop
in its sustainable sales volumes during the first half of 2016”, Salim Abdullah al Rawas, Chairman
of the company said in the first half financial report.
Nevertheless, the company continues with its expansion strategy on its retail network with the
introduction of five new filling stations to the retail network during 2016 and more to be open
during second half of the year, he said.
The profit of the company after tax for the first half of 2016 fell to RO 5 million from RO 5.5 million
during the same period last year.
The Commercial Business segment is optimistic with the expected government spending. The
business continued to perform positively despite intense competition and challenges pose by the
adverse economic conditions.
“The aviation business has safeguarded better volumes compared to the same period of last year
as a result of increase in the demand from operating airlines at Muscat International Airport”, the
chairman said in the report.
According to AI Maha Petroleum Products Marketing Co, its sales during the period from January
to June 2016 increased to RO 186.3 million from RO 172.9 million in the corresponding period,
registering an increase 8 per cent.
At the same time, the net profit achieved during the period stood at RO 4.5 million marking a
decrease of 13 per cent when compared with the same period last year when the profit reached
RO 5.2 million.
This, according to the company, is mainly due to rise in operating and administration expenses
and finance expenses which increased by 9 per cent to RO 786,000, mainly to the increase in
employee costs, maintenance expenses, depreciation, provision for impairment of receivables,
licence fees, technical fees, transportation costs and other expenses.
“The finance costs have increased significantly due to the increased short-term bank borrowings
arranged to match the tight liquidity position resulting from decreased cash inflow from
operations”, said Gamal Aly Aly al Ghamal, Deputy Chairman of the Company in the first half
report.

Indonesia offers 10 blocks for exploration to PETRONAS
Source: Free Malaysia Today
PETRONAS has been offered to explore 10 new blocks of oil and gas (O&G) fields in Indonesia,
said Deputy Prime Minister Ahmad Zahid Hamidi. He said the invitation involving seven
exploration blocks in the Exclusive Economic Zone and three in Natuna Island was made by
Indonesia’s Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan in a meeting here
today (Tuesday).
Speaking at a press conference later, Zahid said with the invitation, PETRONAS had the
opportunity to participate in the open tender by Pertamina, Indonesia’s state-owned oil company,
for the exploration of new blocks in other locations.
'This is a good offer as PETRONAS is basically focusing on exploration in Asean countries.'
Zahid said the meeting also opened a new chapter for Tenaga Nasional Bhd (TNB) as the utility
company had now been allowed to negotiate directly with coal suppliers in Indonesia to ensure a
continuous supply of high-quality coal.
He said the two countries also agreed that the cooperation between TNB and Perusahaan Listrik
Negara (PLN) Indonesia be done on a business to business deal. Indonesia had also given its
assurance that it would commit to a long-term cooperation deal between TNB and coal companies
in the republic, he added.
Towards this end, he said a technical committee involving TNB, PLN and industry players in
Indonesia would be set up.

Pakistani power company acquired by Shanghai Electric for B$1.6
AFP + The national
Chinese multinational Shanghai Electric is set to buy the utility serving Pakistan’s biggest city of
Karachi, in a US$1.6 billion deal that will be the biggest private-sector acquisition in the country’s
history.
China is stepping up investment in its South Asian neighbour as part of a $46bn project unveiled
last year that will link its western Xinjiang province to Pakistan’s Gwadar port with a series of
infrastructure, power and transport upgrades.
"We have received the public announcement of intention for acquisition of up to 66.4 per cent of
the shares of K-Electric Limited by Shanghai Electric Limited," a Pakistan Stock Exchange
notification said.
The Karachi Electric Corporation, set up in 1913 as a public-sector company, was sold to Saudi
Arabia’s Aljomaih Group in 2005, who in turn sold it to the UAE’s Abraaj Capital.
"Chinese interest is tremendous in Pakistan and the new deal would be quite attractive to
strengthen cooperation under CPEC," said Taha Javed, director of research at Alfalah Securities,
referring to the China-Pakistan Economic Corridor.
"It is the largest ever private-sector acquisition in Pakistan," said analyst Zeeshan Afzal, executive
director at Insight Securities.
Pakistan suffers from major power shortages that sap economic growth. Analysts hope the
Chinese acquisition can improve the utility’s efficiency and reduce blackouts.

NewBase 01 September 2016 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Oil Trades Near $45 as Rising U.S. Crude Stockpiles Expand Glut
Bloomberg - Ben Sharples BenSharps
Oil traded near $45 a barrel after dropping the most in almost a month as expanding U.S. crude
stockpiles kept supplies at the highest seasonal level in almost three decades.
Futures rose 0.5 percent in New York after falling 6.2 percent the previous three sessions. Crude
inventories increased by 2.28 million barrels last week for a second straight gain, according to the
Energy Information Administration. Saudi Arabia won’t boost output to capacity and flood the
market, Energy Minister Khalid Al-Falih told Al-Arabiya television as OPEC members plan to meet
this month to discuss action to stabilize prices.
Oil rose 7.5 percent in August amid speculation that talks in Algiers may lead to an agreement to
manage the market. A cap on production would be positive, Al-Falih said in an interview last week,
while ruling out an output cut. A freeze deal between members of the Organization of Petroleum
Exporting Countries and other producers was proposed in February but a meeting in April ended
with no final accord.
“The surplus is still there and that’s enough to keep the price from sustaining any strong rally,”
said David Lennox, a resources analyst at Fat Prophets in Sydney. “We have the OPEC talks at
the end of September and we’re going to get a lot of speculation driven-volatility leading into that.”
Oil price special
coverage

West Texas Intermediate for October delivery was at $44.90 a barrel on the New York Mercantile
Exchange, up 20 cents, at 11:02 a.m. in Hong Kong. The contract dropped 3.6 percent to $44.70
on Wednesday, the biggest decline since Aug. 1. Total volume traded was 51 percent below the
100-day average.
U.S. Stockpiles
Brent for November settlement was 19 cents higher at $47.08 a barrel on the London-based ICE
Futures Europe exchange. The global benchmark traded at a $1.60 premium to WTI for
November. The October Brent contract fell $1.33 to expire at $47.04 on Wednesday.
For a story on Daniel Yergin’s view on the oil market, click here.
U.S. crude stockpiles increased to 525.9 million barrels through Aug. 26, the EIA reported
Wednesday. Crude production dropped for a second week to 8.49 million barrels a day, while
gasoline inventories declined by 691,000 barrels to 232 million. Cushing supplies fell to 63.9
million.
Oil below $45 buts pressure on Asian markets
Asian equities erased earlier losses, Australia’s dollar strengthened and most industrial metals
advanced after data indicated manufacturing is picking up in China, the world’s second-biggest
economy.
The MSCI Asia Pacific Index edged higher along with U.S. and U.K. stock index futures as an
unexpected gain in a Chinese purchasing managers index helped revive investor sentiment
following oil’s plunge to about $45 a barrel. Crude recouped less than a quarter of its loss from the
last session, when it tumbled the most in a month as American stockpiles figures heightened
concern about a glut. The ringgit led losses among the currencies of oil-exporting nations, while
the Japanese yen snapped a six-day losing streak. Australia’s dollar climbed by the most in two
weeks as copper and nickel gained.

Signs that China’s economic slowdown is abating may bolster demand for riskier assets as oil
prices swing and speculation builds that the Federal Reserve will raise interest rates this year.
U.S. payrolls data due Friday could provide clues as to whether that policy tightening will come
sooner rather than later, with a private jobs report out Wednesday having shown steady growth in
the labor market.
The Chinese data was “a nice surprise for everyone because most were noticing the deceleration
of the PMI trend in the past few months,” said Khiem Do, the head of multi-asset strategy at
Baring Asset Management (Asia) Ltd. in Hong Kong. “What we need to watch out for right now is
the possible Fed interest-rate hike in the next few weeks.”
For Bloomberg Intelligence analysis of the private jobs data out Wednesday, click here.
Manufacturing gauges for the U.S., euro area and the U.K. are also due Thursday, while a speech
by Fed Bank of Cleveland President Loretta Mester may touch on the outlook for monetary policy
in America. In France, Finance Minister Michel Sapin is due to set out his vision for the 2017
budget.
Stocks
The MSCI Asia Pacific Index was up 0.1 percent as of 2:09 p.m. Tokyo time. Japan’s Topix index
added 0.4 percent as the yen trading near a one-month low gave a boost to the nation’s exporters.
Wynn Macau Ltd. and Sands China Ltd. rallied more than 3 percent in Hong Kong after
Macau reported its first increase in monthly gaming revenue in more than two years. The Hang
Seng Index added 0.6 percent and the Hang Seng China Enterprises Index -- last month’s best-
performing stock measure globally -- rose 0.5 percent. China’s official manufacturing PMI rose to
the highest level in almost two years.

The PMI data was positive for China’s risky assets,” said Tim Condon, head of Asian research at
ING Groep NV in Singapore. Even so, investors are ”cautious about a September rate hike and
tomorrow’s payrolls report could push the Fed to follow through.”
The Philippine Stock Exchange Index slid for a seventh day after overseas investors stepped up
sales of the securities. Foreigners have pulled about $250 million from the market since mid-
August, including $100 million over the last three days.
Futures on the S&P 500 Index rose 0.2 percent and contracts on the U.K.’s FTSE 100 Index
gained 0.3 percent. Both were virtually unchanged prior to the Chinese PMI data.
Currencies
The Bloomberg Dollar Spot Index slipped 0.1 percent, after gaining on all but one of the last nine
trading days. The yen strengthened 0.2 percent to 103.25 per dollar, following a six-day slide of
more than 3 percent.
Fed Vice Chairman Stanley Fischer said last week a rate hike is possible and added Tuesday that
the central bank would base its decision on economic data, putting added focus on the payrolls
report.
The dollar’s recent strength was due to “the Fischer comments made at the end of last week,
which has spurred the belief that the September meeting could be very much alive,” said Daragh
Maher, New-York-based head of U.S. currency strategy at HSBC Holdings Plc. “The market took
that as a validation to continue this mini-rally in the dollar.”
The ringgit sank 0.6 percent as Wednesday’s drop in crude prices dimmed prospects for Malaysia,
Asia’s only major net oil exporter. The Aussie strengthened as much as 0.4 percent following the
manufacturing reports for China, Australia’s biggest export market.
Commodities
Crude oil rose 0.6 percent to $44.99 a barrel in New York, after tumbling 3.6 percent on
Wednesday. U.S. inventories increased by 2.28 million barrels last week, kept supplies at the
highest seasonal level in almost three decades, official data show. Saudi Arabiapledged not to
boost output to capacity as OPEC members plan to meet this month to discuss action to stabilize
prices.
Copper rose 0.5 percent in London and nickel gained 1 percent following the manufacturing data
in China, the world’s biggest user of industrial metals.
“Today’s PMI data is a good surprise,” said Wei Lai, an analyst with Cofco Futures Ltd. in
Shanghai. “It will initiate strong expectations for demand in the autumn and metals will be
supported at least over the coming two months.”

NewBase Special Coverage
News Agencies News Release 07 August 2016
Mystery Of Oil Held On Chinese Islands Puzzles Crude Markets
by Bloomberg|
From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta,
the government has been stockpiling crude for emergencies in a network of storage sites dotted
around the country. Record purchases this year by the world’s biggest energy consumer have
helped oil prices recover from the worst crash in a generation. What the country plans to do next
could determine where they go from here.
The difficulty is that nobody outside China really knows for certain. The government won’t say how
much it’s holding or when the tanks will be full. Energy Aspects Ltd. says the country will probably
keep buying and fill up commercial tanks if it has to, while the likes of JPMorgan Chase & Co. say
the purchases may soon stop. The difference in opinion is equivalent to about 1.1 million barrels a
day, or more than the Asian country buys from Saudi Arabia.
“China seems to feel no obligation to report on its strategic stocks, and that might confer a
genuine advantage in its favor,” said John Driscoll, the chief strategist at JTD Energy Services
Pte, who has spent more than 30 years trading crude and petroleum in Singapore. “The scope of

their purchases can dramatically affect fundamentals and prices. However, since they will likely be
shrouded in secrecy, it will remain challenging to quantify the impact.”
China outlined in 2009 its plans to build reserves equivalent to 100 days of net imports. But since
then it’s only provided sporadic scraps of detail on its strategic petroleum reserves, or SPR. That
stands in contrast to the U.S., where the Energy Department has been detailing data on American
inventories for more than three decades.
The Asian country had about 191 million barrels of crude in its SPR as of the middle of last year,
according to a statement on the website of the National Bureau of Statistics in December. But it
also said at the time that total combined capacity of seven above-ground sites and one location
with underground caverns was the equivalent of only 180 million barrels. The figures haven’t been
updated since.
The government also said at the time it has leased space in commercial sites, signaling it could
buy additional oil while more of its own tanks are constructed. Nobody replied to a fax sent to the
press office of the National Energy Administration asking for details about the SPR.
“SPR has been a China mystery due to the lack of government data disclosure,” said Ying Wang,
a Hong Kong-based analyst at JPMorgan. The bank estimates the amount of crude China is
putting into stockpiles by calculating how much more oil the country is buying and producing than
it’s using.
Surplus Crude
That amounted to about 1.2 million barrels a day over the first half of the year, according to
JPMorgan. The bank estimates the country built up a total of about 400 million barrels by mid-
2016 out of a targeted 511 million barrels. That means at the current rate of stockpiling, the
storage would be filled up by August, leading to a potential drop in imports in September.

Energy Aspects looks at it differently. Because China can shift oil between commercial and
strategic storage, the government may be able to increase purchases even if it runs out of its own
space, said Michal Meidan, a London-based analyst for the industry consultant. Another 150
million barrels of commercial storage space is coming online by the end of next year that can be
filled, she said. That means that while reserve buying may slow, it won’t fall significantly.
“Even if SPR tanks only come online later in the year, more commercial tanks are starting up,”
Meidan said. Energy Aspects sees demand for the reserves dropping by only 100,000 barrels a
day in the second half of the year to 300,000 barrels daily.
China’s oil imports have averaged an unprecedented 7.5 million barrels a day so far this year,
government data show. The purchases, along with temporary production outages in Nigeria and
Canada, helped rebalance supply and demand in the market, leading Brent crude, the benchmark
for more than half the world’s oil, to jump almost 90 percent from mid-January to June.
Brent crude futures in London traded 0.1 percent lower at $48.31 a barrel by 11:09 a.m.
Singapore time. They were at more than $115 a barrel in mid-2014.
In the U.S., supplies in the strategic reserve were at 695 million as of Aug. 26, enough to support
149 days of import protection, according to data from the Energy Department. The government
regularly reports how much oil is at each of its four sites and even breaks down the quantity of
crude that’s held by sulfur level. When it purchased supplies for the reserve last year, it did so in a
bidding system in which the sellers and even the price were publicly announced.
Deadline Delay
China plans to build emergency reserves equivalent to 100 days of net imports by 2020, the
nation’s top refiner said in 2009, citing a plan approved by the State Council. It pushed back
completion of the stockpile to beyond the 2020 deadline, according to a Five Year Plan released
in March 2016.
“The Chinese seem to embrace the concept of asymmetric information which holds that those in
possession of proprietary information and data hold a critical, strategic advantage over the less-
informed,” JTD Energy’s Driscoll said.

NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
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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 26 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 01 September 2016 K. Al Awadi

New base energy news issue 920 dated 01 september 2016

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