SlideShare a Scribd company logo
1 of 22
Download to read offline
Copyright © 2018 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 Energy News 25 October 2018 - Issue No. 1209 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Saudi Aramco signs 15 (MoUs) at the Future Investment
Initiative (FII) Forum worth $34 billion
Source: Saudi Aramco
At the highly impactful Future Investment Initiative (FII) forum, Saudi Aramco signed 15 Memoranda
of Understanding (MoUs) and strategic and commercial collaborations valued at more than US$34
billion with 15 international partner companies and entities from eight countries in 3 continents.
These collaborations reflect the range and ambition of Saudi Aramco’s business interests,
reinforcing its position as the world’s preeminent energy and chemicals company.
The MOUs reflect both Saudi Aramco’s and the Kingdom’s international partnership strategies and
the determination to diversify the economy, enhance the domestic investment environment and
boost employment opportunities.
The MOUs support Saudi Aramco’s forward-looking strategy across business units, including
downstream, offshore, and engineering. It engages with companies representing eight countries
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 2
including major businesses in France, China, the U.S., Japan, the UAE, the United Kingdom, South
Korea and India.
A number of these MOUs will enhance the In-Kingdom Total Value Add (iktva) program, Saudi
Aramco’s flagships initiative to improve the domestic supply chain, its operations and its
employment potential, through greater commercial engagement with Saudi businesses. Iktva’s
localization objective is to achieve 70% of locally supplied goods and services by 2021.
In the area of job creation, Saudi Aramco has proactively pursued opportunities to pilot the high
value job creation in the Kingdom, increasing opportunities for Saudi citizens over the next 10-15
years with anchor projects, including the King Salman International Complex for Maritime Industries
and Service in Ras Al Khair which will generate in the region of 30,000 direct and 50,000 indirect
jobs.
The MOUs and commercial collaborations signed are:
1. MOU with Total to launch engineering studies to build petrochemical complex in Jubail, KSA
2. MOU with Total regarding the potential establishment of a retail service station network
3. MOU with Hyundai Heavy Industries regarding potential HHI investments in King Salman
International Maritime Complex for Industries and Services at Ras Al Khair
4. MOU with Baker Hughes GE
5. MOU with Schlumberger
6. MOU with Halliburton
7. MOU with Oilfield Supply Center
8. MOU with Flex-Steel to invest in RTP reinforced thermoplastic pipe facility
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 3
9. MOU with NPCC (National Petroleum Construction Company, UAE) to invest in a fully
integrated fabrication yard and marine base
10.MOU with SeAH Changwon Integrated Specialty Steel Co. Limited to invest in localization of
engineering steel
11.MOU with GumPro (India) to invest in drilling chemicals facility
12.MOU with Acwa Power (KSA) and Air Product (USA) regarding the Jazan Refinery
gasification power project
13.MOU with Sumitomo (Japan) regarding potential investments to upgrading PetroRabigh
Refinery
14.MOU with Norinco (China) regarding potential investments in refining and chemicals projects
15.MOU with NOV (USA) to invest in manufacturing and repair of onshore rigs and equipment
The Future Investment Initiative is an ideal platform to attract international investments and to
capitalize on emerging new opportunities that are fast emerging with Vision 2030.
Saudi Aramco is playing a pivotal role, alongside many national stakeholders, in enabling new
industrial and business partnerships in the Kingdom thanks to its position as a global energy
powerhouse, and as reflected in our major investments and partnerships globally, not only in core
oil and gas and downstream, but also in pursuing advanced technologies and energy-related value
adding activities.
Saudi Arabia’s infrastructure, both physical and digital, has witnessed an extraordinary
advancement. This is integral to today’s advanced industrial activities. It attracts investors and
enhances the fundamental competitiveness of the Saudi economy.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 4
Saudi Aramco Signals Chemical Ambitions Beyond 70B$ Sabic Deal
Bloomberg - Javier Blas
Saudi Aramco’s chief executive officer said he has bigger ambitions in petrochemicals beyond the
planned $70 billion acquisition of a strategic stake in local company Sabic, touting plastics as a key
hedge against an electric-car driven slowdown in global oil demand growth.
"We still have to do more," Amin Nasser, chief executive officer of state-owned Aramco, said in
an interview in Riyadh.
Nasser’s comments are the latest signal Aramco is
transforming from a giant oil producer into a vertically
integrated energy company, mirroring a shift that major
publicly-listed companies such as Exxon Mobil Corp. and
Royal Dutch Shell Plc performed years ago. The shift
comes as the International Energy Agency forecast that
demand for petrochemicals -- the building blocks for
plastics -- will become the largest force in global oil
demand growth, out-pacing consumption from cars,
planes and trucks.
"Our strategy is to be the leader in energy and chemicals, not only in energy,” Nasser said while
attending an investing conference in Riyadh. "We will be the leader in chemicals.”
The IEA, the energy watchdog for industrialized nations, forecast that petrochemicals will account
for more than a third of the growth in global oil demand until 2030, and about half the growth to
2050.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 5
In particular, Nasser wants to increase the percentage of each barrel the company refines that’s
then transformed into petrochemicals.
"We are aiming for more integration," he said, referring to the chain running from oilfields through
refineries and into petrochemical plants. "Instead of four to seven percent crude to chemicals, that’s
the normal integration, we are looking at 25, 30, 35 percent. More integration is the way forward."
Within the oil industry, petrochemical units have often been marginal to the bottom line, but when
oil prices plunged in 2015 and 2016, the calculus changed for majors like Exxon, Shell and Total
SA. Producing petrochemicals is usually more profitable when energy prices fall, making the
feedstock cheaper. Still, chemical businesses traditionally don’t deliver the fat margins that pumping
crude and gas does.
Aramco is negotiating buying the 70 percent
stake that the country’s sovereign wealth fund
owns in Sabic, formally known as Saudi Basic
Industries Corp. The stake is worth about $70
billion at current market prices. The other 30
percent of Sabic is listed in the Saudi stock
market, the Tadawul, and Aramco doesn’t plan
to buy it.
The Aramco-Sabic deal, which is unlikely to
close until next year, would channel billions of
dollars into the Saudi sovereign wealth fund,
giving it the cash it had hoped to obtain from the
now delayed initial public offering of Aramco.
Riyadh has postponed the IPO, expected to be
the world’s largest ever, from 2018 to late 2020 or early 2021.
Read: Interview with Saudi Arabia’s Crown on prospects for Aramco IPO
Although Aramco isn’t buying the whole company, Nasser said that the 70 percent that it’s likely to
purchase would secure significant cost-savings. "A lot of synergies will be extracted, because we
already supply the feedstock. At 70 percent you can do a lot of synergies."
Nasser, a petroleum engineer who has run Aramco since 2015 when he took over from now energy
minister Khalid Al-Falih, declined to comment on how much Aramco will pay for Sabic, saying the
state-owned oil company was still performing due diligence on the chemical group.
On top of the Sabic deal, Aramco earlier this year paid about $1.6 billion for the 50 percent it didn’t
already owned in a joint-venture with German chemicals group Lanxess AG. Earlier this month, it
signed a preliminary deal with Total to invest $9 billion to build a chemical plant alongside a refinery
in Saudi Arabia.
Last year, Aramco started the Sadara complex, a giant $20 billion chemical plant that it built in the
kingdom in partnership with Dow Chemical Co. When the company reshuffled its board of directors
earlier this year, it appointed three people with experience in the sector, including the former CEO
of Dow Chemicals, Andrew Liveris.
Still, Nasser said that pumping oil -- known in the industry as the upstream part of the business --
will remain the core of Aramco, which produces about one-in-ten barrels extracted worldwide
everyday. "Upstream is still the major element in Aramco. We have an advantage in costs," he said.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 6
UAE: Enoc plans $2bn in investment after refinery expansion
The National - Jennifer Gnana
Emirates National Oil Company is looking to invest up to $2 billion next year as it explores potential
to develop a liquefied petroleum gas terminal in Bangladesh this year, its chief executive said.
After expansion of its refinery in Jebel Ali, Enoc is targeting $1 to $2bn in investments, Saif Al Falasi
told The National. The outlay excludes investments by its exploration and
production subsidiary Dragon Oil.
“Dragon Oil has $14bn [planned investment] because they have existing
oilfields and they have to continue spending on the oilfields and they have to
continue spending to produce oil,” said Mr Al Falasi.
“In Egypt we have concessions, it depends on going there and drilling and recovering. [We're also
moving] into jet fuel expansion." The Dubai energy company, which has the largest refinery in the
emirate, has been eyeing new opportunities to trade products in Africa as well as entering the fuel
retail business in Saudi Arabia.
Enoc bought Dragon Oil in 2015 for about $2.6bn in a bid to diversify its income and expand into
energy production. The company, which operates petrol service stations, is also involved in energy
trading.
In the UAE, which accounts for 4.2 per cent of global crude output, Dragon Oil is still considering its
domestic options as licensing rounds begin in Abu Dhabi, Sharjah and Ras Al Khaimah. “Dragon
Oil has done a study on concessions in the UAE but it is too early to take a judgment whether we’re
interested or not, but [we’re] is still interested in studying,” said Mr Al Falasi.
Enoc is also expanding its remit with an eye on an LPG project in Bangladesh and the expansion
of its jet fuel business into Nigeria and Egypt. “We’re still in discussions with the government [in
Bangladesh], we have agreed to study the business, we will sign the [preliminary agreement] to
study the project, the area and the plan for [the] terminal,” said Mr Al Falasi.
"It’s a potential business for Bangladesh and depends on the size of the terminal. It will be signed
even before the end of this year." Enoc, which is undertaking an upgrade of its condensate refinery
at Jebel Ali to 210,000 barrels per day from 140,000 bpd, will complete the project by the end of the
year, he added.
“We have a big volume of trading [of] $250 million, [and] with the expansion of the refinery we will
have an increase [in capacity]," said Mr Al Falasi. While declining to be specific on offtake
agreements Enoc was considering, Mr Al Falasi said that much of the company’s trading came from
the Far East.
Enoc is also involved in jet fuel trading and it signed with the Egyptian General Petroleum
Corporation a commercial agreement last month enabling the Dubai operator to enter this segment
in the North African state. The company also signed an agreement in July to boost jet fuel supply in
Nigeria. Geographical expansion of its jet fuel business is a priority, said Mr Al Falasi.
“We have almost 140 countries to provide jet fuel and we still have some potential to grow in Africa,”
he said. In Saudi Arabia, where the company is undertaking refurbishment of fuel service stations,
Enoc is close to completing its planned 15 retail units.
"Now we’re looking at things much faster, to retrofit stations but for 2018, we would have completed
the 15 stations. We have an agreement with a retailer in Saudi Arabia to franchise our brand,” said
Mr Al Falasi.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 7
Egypt: TransGlobe announces operations update
TransGlobe Energy has announced an update on its operations in Egypt.
Updates
 Corporate production during the third quarter averaged ~ 14.3 MBoepd and is averaging ~
14.7 MBoepd to date in October
 Drilled two successful oil wells in M Pool in West Bakr, currently producing ~800 Bopd per
well.
 Cased NWG 38A7 as a potential injector/oil well October 22nd.
 Commenced drilling SGZ - 6X exploration well October 23rd targeting a multi-stacked
Cretaceous prospect in South Ghazalat.
 Received access approval at South Alamein, waiting on final documentation.
PRODUCTION
Corporate production in Egypt averaged ~12.13 MBoepd during the third quarter and has averaged
~12.32 MBoepd to date in October.
Production Summary:
OPERATIONS UPDATE, ARAB REPUBLIC OF EGYPT
Western Desert
In South Ghazalat ('SGZ') the Company commenced drilling SGZ 6X, the second exploration well
in the concession on October 23rd. SGZ 6X is located on the eastern portion of the concession
offsetting the Raml oil field in the Abu Gharadig basin. The SGZ 6X prospect is targeting stacked
Cretaceous oil targets similar to the producing Raml and SW Raml fields.
In South Alamein the Company has received notification from the military that access will be granted
to drill the South Alamein 24X Jurassic exploration prospect. The Company has submitted the
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 8
required documentation and is awaiting final written approval which is expected prior to year-
end. Concurrently, the Company initiated preparations to drill SA 24X as part of the 2019
exploration program.
Eastern Desert
In West Bakr, the Company drilled a two well infill program in the M field resulting in two oil
wells during August/September. The M-North and M-South wells were initially placed on production
in September at rates of ~500 Bopd per well. Both of these wells continue to exceed internal pre-
drill estimates and are currently producing ~800 Bopd per well following pump optimization work
during October.
Following M-South, the rig was moved to NW Gharib 38A-7 to drill a potential water injector in the
NWG 38A pool. The NWG 38A-7 well was drilled as a potential water injector targeting the 38A Red
Bed pool in a structurally lower position 0.4 kilometers south of the NWG 38A Injector well (NWG
38A-I, drilled Q2). The NWG 38A-I well encountered oil in the targeted Red Bed formation and was
placed on production in September at an initial rate of ~110 Bopd (following a fracture stimulation)
and is currently producing ~80 Bopd.
The NWG 38A-7 well encountered the Red Bed formation, which appears to contain both oil and
water, however the well was cased, due to deteriorating wellbore conditions prior to acquiring
definitive fluid samples. The NWG 38A-7 well will be completed during November and depending
on the production results will be another oil producer or converted to water injection well to support
the NWG 38A oil pool. In the event NWG 38A-7 is an oil producer, the Company has planned an
additional well (NWG 38A-8) further south as a contingency for reservoir pressure support.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 9
Iran has produced and exported less crude oil since sanctions announcement
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, October 2018; ClipperData
Iran's crude oil exports and production have declined since the May 2018 announcement by the
United States that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and
reinstate sanctions against Iran.
Note: Liquid fuels production includes crude oil, lease condensate, hydrocarbon gas liquids, biofuels, and refinery processing gain.
The announcement included two wind-down periods to allow those doing business that involved
Iran time to comply. On August 6, 2018, the first wind-down period ended and triggered the re-
imposition of some sanctions. On November 4, 2018, the second wind-down period will end and
trigger the re-imposition of full sanctions, including a number of measures that target Iran’s energy
sector.
According to data from ClipperData, Iran's exports of crude oil and condensate peaked in June at
about 2.7 million barrels per day (b/d), more than 300,000 b/d higher than the average during the
first four months of the year (before the May announcement of sanctions).
In September, Iran’s crude oil and condensate exports fell to 1.9 million b/d. Although some
countries, such as France and South Korea, stopped importing crude oil and condensate from Iran
in July, other countries continue to import from Iran. The United States has not imported crude oil
and condensate from Iran in several decades.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 10
Source: U.S. Energy Information Administration, based on ClipperData
ClipperData indicates that China and India collectively received nearly half of Iran's crude oil and
condensate exports in the first half of 2018. During this period, China's imports from Iran averaged
644,000 b/d and India's imports from Iran averaged 554,000 b/d. In September, China's imports
from Iran dropped to 441,000 b/d, the second lowest level since December 2015, while India's
imports from Iran were 576,000 b/d.
Whether Iran's energy exports are declining entirely because of the sanctions or for other reasons
is unclear. Trade press reports indicate a willingness on India's part to at least partially comply with
the sanctions, but China had continued to import from Iran even when previous sanctions were in
effect.
In response to the announcement of sanctions by the United States, the European Union passed a
statute to protect European companies doing business in Iran from the effects of U.S. sanctions.
Despite this effort, data from ClipperData indicate that France has not imported any crude oil or
condensate from Iran since June. In addition, Italy’s and Spain’s imports from Iran in September
were 27,000 b/d and 15,000 b/d lower than their averages for the first half of the year. Some
countries could continue to import Iran's crude oil and condensate until the November 4 deadline,
at which point they might stop importing from Iran.
Iran's exports have fallen at a faster rate than production. Shipping operators have decreased
operations with Iran, but Iran has continued to export largely through the state-run National Iranian
Tanker Company (NITC) and the Islamic Republic of Iran Shipping Lines. Trade press reports
indicate that as countries continue to decrease imports from Iran, some of Iran’s shipping fleet is
already being used as floating storage, where crude oil is placed onto ships and stored indefinitely.
Surplus crude oil production capacity in the Organization of the Petroleum Exporting Countries
(OPEC) could be used to replace some of Iran's crude oil barrels that are coming off the market.
Saudi Arabia’s Arab Light is similar in composition to Iran Light crude oil and may provide refiners
with a possible crude oil that would not require refiners to make significant alterations to their crude
slates.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 11
NewBase 25 October 2018 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Oil prices fall amid global stock market slump
Reuters + Bloomberg + NewBase
Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in
global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the
year’s gains.
Front-month Brent crude oil futures LCOc1 were at $75.87 a barrel at 0043 GMT, 30 cents, or 0.4
percent, below their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $66.48 a barrel, 34 cents, or 0.5
percent, below their last settlement.
“Oil prices fell under extreme selling pressure ... as the steep selloff across stock markets fueled
fears over a possible drop in oil demand growth,” said Lukman Otunuga, analyst at futures
brokerage FXTM.
Oil price special
coverage
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 12
Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a
rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic
concerns in Italy.
In oil, WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9 percent. Still,
oil markets remain nervous ahead of U.S. sanctions against Iran’s crude exports, which kick in from
Nov. 4.
Bowing to pressure from Washington, China’s oil-majors Sinopec and China National Petroleum
Corp (CNPC) have not ordered any oil from Iran for November because of concerns that violating
sanctions could impact their global operations.
China is Iran’s biggest oil customer. Halting oil Iranian imports means its many refiners will have to
seek alternative supplies elsewhere. Some relief could come from the United States, where crude
production and storage levels are high.
U.S. commercial crude oil stockpiles C-STK-T-EIA rose for a fifth consecutive week last week,
increasing by 6.3 million barrels to 422.79 million barrels, the Energy Information Administration
said on Wednesday.
Output C-OUT-T-EIA remained unchanged at 10.9 million barrels per day (bpd), slightly below a
record 11.2 million bpd reached at the start of October.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 13
Oil Slump Highlights Anxiety Over Weak Emerging Markets in 2019
By Alex Longley
Just weeks after oil traders were touting $100 a barrel, those predictions now seem a distant
memory.
Oil is trading more than $10 a barrel lower than it was earlier this month, when it reached a four-
year high. More Saudi and Russian crude, higher-than-expected Iranian exports and a sharp drop
in gasoline refinery margins are playing a part in the sell-off. Lurking in the background is a much
bigger threat: the possibility of the global economy heading into trouble in 2019, curtailing oil
demand growth.
“Next year’s oil balance is bearish, let’s face it,” said Tamas Varga, an analyst at PVM Oil Associates
Ltd. “The dump is understandable, and if the Saudis are actually going to increase production, I
don’t think the market will recover.”
Here’s a look at the main factors behind the price tumble in recent weeks.
Who Will Buy?
Traders have pointed to a broader selloff in equity markets as putting pressure on oil prices, spurring
concerns about sluggish global economic growth. For emerging markets, that’s especially painful.
Crude has reached record prices in the local currencies of Brazil and Turkey this year, while others
including India have seen soaring fuel bills. The recent price drop “comes as little surprise with
attention now clearly being focused on the weakening economic situation and gloomy demand
outlook,” JBC Energy GmbH said in a research note.
Pump All You Can
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 14
OPEC and its allies are in a “produce as much as you can mode” in order to replace any looming
shortages, Saudi Energy Minister Khalid Al-Falih told an energy conference in Riyadh this week,
adding that his country will likely lift output in the coming months. Add to that higher
Russian production, a return of Libyan output, and the market is finding healthy supply just at a time
when demand is waning.
Iran Worries
U.S. sanctions snap back on Iran in less than two weeks, and traders have banked on a steep drop
in crude supplies from the Islamic Republic. However, buyers of Iranian crude are said to be
increasingly confident that they will get at least some waivers when the U.S. measures return on
Nov. 4. At the same time, tracking Iranian exports has become trickier as the country’s oil
tankers switch off transponders, leading to a higher revision of previous exports as the ship signals
reappear.
Margin Call
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 15
Refineries are feeling the slump in demand as well. In Europe gasoline cracks this month dropped
to the lowest level since 2013, while those margins in the U.S. reached a 2-year low. Add to that a
market structure that indicates short-term weakness, and there are plenty of signs of stress on
physical supplies. “The refinery margins are hurting, and that is just because there is not enough
demand to absorb all the products, especially gasoline,” said Petromatrix GmbH Managing Director
Olivier Jakob.
Technical Tumble
Compounding oil’s suddenly bleaker outlook was a sudden crash through major technical hurdles.
Brent slumped quickly through its 50-day and 100-day moving averages on Tuesday for the first
time since August. That could pave the way lower to the next major psychological barrier, the 200-
day moving average, which is around $74 a barrel, according to CMC markets analyst Michael
Hewson. It’s a move that may have room to run, with Brent not yet oversold on its 14-day Relative
Strength Index.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 16
NewBase Special Coverage
News Agencies News Release 08 October 2018 -2018
Energy Efficiency 2018, Analysis and outlooks to 2040
"Efficiency can enable economic growth, reduce emissions and improve energy security. The right efficiency
policies could enable the world to achieve more than 40% of the emissions cuts needed to reach its climate
goals without new technology."
Fatih Birol, Executive Director, IEA
Energy efficiency can bring significant economic, social and environmental benefits. But while
energy efficiency is improving around the world, its positive impact on global energy use is
overwhelmed by rising economic activity across all sectors.
Energy Efficiency 2018 looks at why efficiency’s massive potential remains untapped, and through
the new Efficient World Scenario explores what would happen if countries maximized all available
cost-effective efficiency potential between now and 2040, highlighting what policy makers can do to
realise this opportunity.
The impact of efficiency policies has been significant over the last decades. Globally, efficiency
gains since 2000 prevented 12% more energy use than would have otherwise been the case in
2017. Energy efficiency is a major driver for uncoupling energy consumption from economic
development.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 17
But that's still not enough
Since 2000, these improvements in the world’s major economies have offset more than a third of
the rise in energy-intensive activities. But the positive impact of efficiency policies has been
overwhelmed by fast-growing economic activities in emerging countries that boost energy demand.
As a result, growth in energy use is accelerating
Global energy demand rose by nearly 2% in 2017. This was the fastest rise this decade, driven by
economic growth and changes in consumer behaviour.
Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 18
Missed opportunities
The world is missing opportunities to improve energy efficiency and today's policies are not
delivering the full potential gains that are cost-effective and use current technology. This delayed
action on energy efficiency ends up locking in inefficiencies that mean much stronger action needs
to be taken in the future.
With stronger policies in place, last year the world could have saved more than …
The Efficient World Scenario
So what will the world look like if between now and 2040 countries implemented all the economically
viable energy efficiency potential that is available? The potential is demonstrated by the Efficient
World Scenario developed by the IEA World Energy Outlook.
The Efficient World Scenario (EWS) shows a world with 20% more people, 60% more building space
and double the GDP, all for a marginal energy demand rise. The EWS also fully delivers the energy
efficiency target of UN Sustainable Development Goal 7. All of the measures implemented in this
scenario are cost-effective, based on energy savings alone, and use technologies that are readily
available today.
Significant energy productivity
Under the EWS, the amount of global GDP produced for each unit of energy could double between
now and 2040, for only a marginal increase in global energy demand.
Copyright © 2018 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 19
Immediate environmental benefits
The EWS would result in a peak in energy-related greenhouse gas emissions before 2020, followed
by a fall by 12% in 2040 compared with today - equal to over 40% of the abatement required to be
in line with Paris targets. The EWS would also cut key air pollutants such as sulphur dioxide,
nitrogen oxides and particulate matter by one third compared to today. In particular, more efficient
cooking could help reduce premature deaths from household air pollution by almost 1 million per
year in 2040 in comparison with the IEA New Policies Scenario (NPS).
Energy savings in emerging economies
Emerging economies could become 50% less energy intensive under the EWS, with China and
India accounting for one third of total energy demand in 2040. These two countries would also
account for over one third of the total energy demand savings, which would translate into savings
of nearly $500 billion in fossil fuel imports.
Copyright © 2018 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 20
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
NewBase energy news is produced daily (Sunday to Thursday) and
sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscription emails please contact Hawk
Energy
Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
Mobile: +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 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 October 2018 2018 K. Al Awadi
Copyright © 2018 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 21
Copyright © 2018 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 22
For Your Recruitments needs and Top Talents, please seek our approved agents below

More Related Content

What's hot

NewBase April 01-2022 Energy News issue - 1500 by Khaled Al Awadi.pdf
NewBase April 01-2022  Energy News issue - 1500  by Khaled Al Awadi.pdfNewBase April 01-2022  Energy News issue - 1500  by Khaled Al Awadi.pdf
NewBase April 01-2022 Energy News issue - 1500 by Khaled Al Awadi.pdfKhaled Al Awadi
 
New base 786 special 14 februaury 2016
New base 786 special 14 februaury 2016New base 786 special 14 februaury 2016
New base 786 special 14 februaury 2016Khaled Al Awadi
 
New base 28 august 2021 energy news issue 1452 by khaled al awad i
New base  28 august  2021 energy news issue   1452  by khaled al awad iNew base  28 august  2021 energy news issue   1452  by khaled al awad i
New base 28 august 2021 energy news issue 1452 by khaled al awad iKhaled Al Awadi
 
New base 25 august 2021 energy news issue 1451 by khaled al awad i
New base  25 august  2021 energy news issue   1451  by khaled al awad iNew base  25 august  2021 energy news issue   1451  by khaled al awad i
New base 25 august 2021 energy news issue 1451 by khaled al awad iKhaled Al Awadi
 
NewBase 599 special 07 May 2015
NewBase 599 special 07 May 2015NewBase 599 special 07 May 2015
NewBase 599 special 07 May 2015Khaled Al Awadi
 
Ne base 16 feruary 2018 energy news issue 1142 by khaled al awadi
Ne base 16 feruary 2018 energy news issue   1142  by khaled al awadiNe base 16 feruary 2018 energy news issue   1142  by khaled al awadi
Ne base 16 feruary 2018 energy news issue 1142 by khaled al awadiKhaled Al Awadi
 
New base special 06 april 2014
New base special  06  april 2014New base special  06  april 2014
New base special 06 april 2014Khaled Al Awadi
 
New base energy news issue 925 dated 08 september 2016
New base energy news issue  925 dated 08 september 2016New base energy news issue  925 dated 08 september 2016
New base energy news issue 925 dated 08 september 2016Khaled Al Awadi
 
New base energy news 18 april 2019 issue no 1240 by khaled al awadi
New base energy news 18 april 2019 issue no 1240  by khaled al awadiNew base energy news 18 april 2019 issue no 1240  by khaled al awadi
New base energy news 18 april 2019 issue no 1240 by khaled al awadiKhaled Al Awadi
 
New base energy news 17 june 2020 issue no. 1347 compressed
New base energy news  17 june 2020   issue no. 1347   compressedNew base energy news  17 june 2020   issue no. 1347   compressed
New base energy news 17 june 2020 issue no. 1347 compressedKhaled Al Awadi
 
New base 828 special 12 april 2016
New base 828 special 12 april  2016New base 828 special 12 april  2016
New base 828 special 12 april 2016Khaled Al Awadi
 
New base 812 special 21 march 2016
New base 812 special 21 march 2016New base 812 special 21 march 2016
New base 812 special 21 march 2016Khaled Al Awadi
 
New base energy news 22 september 2020 issue no. 1375 senior editor eng. k...
New base energy news 22 september 2020   issue no. 1375  senior editor eng. k...New base energy news 22 september 2020   issue no. 1375  senior editor eng. k...
New base energy news 22 september 2020 issue no. 1375 senior editor eng. k...Khaled Al Awadi
 
New base 813 special 22 march 2016
New base 813 special 22 march 2016New base 813 special 22 march 2016
New base 813 special 22 march 2016Khaled Al Awadi
 
New base 572 special 31 march 2015
New base 572 special 31 march  2015New base 572 special 31 march  2015
New base 572 special 31 march 2015Khaled Al Awadi
 
New base 1028 special 11 may 2017 energy news
New base 1028 special 11 may 2017 energy newsNew base 1028 special 11 may 2017 energy news
New base 1028 special 11 may 2017 energy newsKhaled Al Awadi
 
New base 11 septempber 2021 energy news issue 1455 by khaled al awadi
New base  11 septempber 2021 energy news issue   1455  by khaled al awadiNew base  11 septempber 2021 energy news issue   1455  by khaled al awadi
New base 11 septempber 2021 energy news issue 1455 by khaled al awadiKhaled Al Awadi
 
New base energy news october 05 2018 no 1203 by khaled al awadi
New base energy news october 05 2018 no 1203  by khaled al awadiNew base energy news october 05 2018 no 1203  by khaled al awadi
New base energy news october 05 2018 no 1203 by khaled al awadiKhaled Al Awadi
 
New base 31 october 2019 energy news issue 1290 by khaled al awadi
New base 31 october 2019 energy news issue   1290  by khaled al awadi New base 31 october 2019 energy news issue   1290  by khaled al awadi
New base 31 october 2019 energy news issue 1290 by khaled al awadi Khaled Al Awadi
 
New base 697 special 30 september 2015
New base 697 special  30 september 2015New base 697 special  30 september 2015
New base 697 special 30 september 2015Khaled Al Awadi
 

What's hot (20)

NewBase April 01-2022 Energy News issue - 1500 by Khaled Al Awadi.pdf
NewBase April 01-2022  Energy News issue - 1500  by Khaled Al Awadi.pdfNewBase April 01-2022  Energy News issue - 1500  by Khaled Al Awadi.pdf
NewBase April 01-2022 Energy News issue - 1500 by Khaled Al Awadi.pdf
 
New base 786 special 14 februaury 2016
New base 786 special 14 februaury 2016New base 786 special 14 februaury 2016
New base 786 special 14 februaury 2016
 
New base 28 august 2021 energy news issue 1452 by khaled al awad i
New base  28 august  2021 energy news issue   1452  by khaled al awad iNew base  28 august  2021 energy news issue   1452  by khaled al awad i
New base 28 august 2021 energy news issue 1452 by khaled al awad i
 
New base 25 august 2021 energy news issue 1451 by khaled al awad i
New base  25 august  2021 energy news issue   1451  by khaled al awad iNew base  25 august  2021 energy news issue   1451  by khaled al awad i
New base 25 august 2021 energy news issue 1451 by khaled al awad i
 
NewBase 599 special 07 May 2015
NewBase 599 special 07 May 2015NewBase 599 special 07 May 2015
NewBase 599 special 07 May 2015
 
Ne base 16 feruary 2018 energy news issue 1142 by khaled al awadi
Ne base 16 feruary 2018 energy news issue   1142  by khaled al awadiNe base 16 feruary 2018 energy news issue   1142  by khaled al awadi
Ne base 16 feruary 2018 energy news issue 1142 by khaled al awadi
 
New base special 06 april 2014
New base special  06  april 2014New base special  06  april 2014
New base special 06 april 2014
 
New base energy news issue 925 dated 08 september 2016
New base energy news issue  925 dated 08 september 2016New base energy news issue  925 dated 08 september 2016
New base energy news issue 925 dated 08 september 2016
 
New base energy news 18 april 2019 issue no 1240 by khaled al awadi
New base energy news 18 april 2019 issue no 1240  by khaled al awadiNew base energy news 18 april 2019 issue no 1240  by khaled al awadi
New base energy news 18 april 2019 issue no 1240 by khaled al awadi
 
New base energy news 17 june 2020 issue no. 1347 compressed
New base energy news  17 june 2020   issue no. 1347   compressedNew base energy news  17 june 2020   issue no. 1347   compressed
New base energy news 17 june 2020 issue no. 1347 compressed
 
New base 828 special 12 april 2016
New base 828 special 12 april  2016New base 828 special 12 april  2016
New base 828 special 12 april 2016
 
New base 812 special 21 march 2016
New base 812 special 21 march 2016New base 812 special 21 march 2016
New base 812 special 21 march 2016
 
New base energy news 22 september 2020 issue no. 1375 senior editor eng. k...
New base energy news 22 september 2020   issue no. 1375  senior editor eng. k...New base energy news 22 september 2020   issue no. 1375  senior editor eng. k...
New base energy news 22 september 2020 issue no. 1375 senior editor eng. k...
 
New base 813 special 22 march 2016
New base 813 special 22 march 2016New base 813 special 22 march 2016
New base 813 special 22 march 2016
 
New base 572 special 31 march 2015
New base 572 special 31 march  2015New base 572 special 31 march  2015
New base 572 special 31 march 2015
 
New base 1028 special 11 may 2017 energy news
New base 1028 special 11 may 2017 energy newsNew base 1028 special 11 may 2017 energy news
New base 1028 special 11 may 2017 energy news
 
New base 11 septempber 2021 energy news issue 1455 by khaled al awadi
New base  11 septempber 2021 energy news issue   1455  by khaled al awadiNew base  11 septempber 2021 energy news issue   1455  by khaled al awadi
New base 11 septempber 2021 energy news issue 1455 by khaled al awadi
 
New base energy news october 05 2018 no 1203 by khaled al awadi
New base energy news october 05 2018 no 1203  by khaled al awadiNew base energy news october 05 2018 no 1203  by khaled al awadi
New base energy news october 05 2018 no 1203 by khaled al awadi
 
New base 31 october 2019 energy news issue 1290 by khaled al awadi
New base 31 october 2019 energy news issue   1290  by khaled al awadi New base 31 october 2019 energy news issue   1290  by khaled al awadi
New base 31 october 2019 energy news issue 1290 by khaled al awadi
 
New base 697 special 30 september 2015
New base 697 special  30 september 2015New base 697 special  30 september 2015
New base 697 special 30 september 2015
 

Similar to New base energy news october 25 2018 no-1209 by khaled al awadi

New base 772 special 25 january 2016
New base 772 special 25 january 2016New base 772 special 25 january 2016
New base 772 special 25 january 2016Khaled Al Awadi
 
New base 11 september 2019 energy news issue 1277 by khaled al awadi
New base 11 september 2019 energy news issue   1277  by khaled al awadiNew base 11 september 2019 energy news issue   1277  by khaled al awadi
New base 11 september 2019 energy news issue 1277 by khaled al awadiKhaled Al Awadi
 
NewBase 19-December-2022 Energy News issue - 1575 by Khaled Al Awadi_compres...
NewBase 19-December-2022  Energy News issue - 1575 by Khaled Al Awadi_compres...NewBase 19-December-2022  Energy News issue - 1575 by Khaled Al Awadi_compres...
NewBase 19-December-2022 Energy News issue - 1575 by Khaled Al Awadi_compres...Khaled Al Awadi
 
New base 784 special 10 februaury 2016
New base 784 special 10 februaury 2016New base 784 special 10 februaury 2016
New base 784 special 10 februaury 2016Khaled Al Awadi
 
New base 683 special 09 september 2015
New base 683 special  09 september 2015New base 683 special  09 september 2015
New base 683 special 09 september 2015Khaled Al Awadi
 
New base energy news november 26 2018 no-1215 by khaled al awadi
New base energy news november 26 2018 no-1215  by khaled al awadiNew base energy news november 26 2018 no-1215  by khaled al awadi
New base energy news november 26 2018 no-1215 by khaled al awadiKhaled Al Awadi
 
New base 1188 special 21 july 2018 energy news
New base 1188 special 21 july  2018 energy newsNew base 1188 special 21 july  2018 energy news
New base 1188 special 21 july 2018 energy newsKhaled Al Awadi
 
New base 1007 special 02 march 2017 energy news 22
New base 1007 special 02 march 2017 energy news 22New base 1007 special 02 march 2017 energy news 22
New base 1007 special 02 march 2017 energy news 22Khaled Al Awadi
 
New base energy news 19 november issue 1296 by khaled al awadi
New base energy news  19  november  issue   1296  by khaled al awadiNew base energy news  19  november  issue   1296  by khaled al awadi
New base energy news 19 november issue 1296 by khaled al awadiKhaled Al Awadi
 
New base energy news issue 848 dated 11 may 2016
New base energy news issue  848 dated 11 may 2016New base energy news issue  848 dated 11 may 2016
New base energy news issue 848 dated 11 may 2016Khaled Al Awadi
 
New base energy news 27 june 2019 issue no 1255 by khaled al awadi
New base energy news 27 june  2019 issue no 1255  by khaled al awadiNew base energy news 27 june  2019 issue no 1255  by khaled al awadi
New base energy news 27 june 2019 issue no 1255 by khaled al awadiKhaled Al Awadi
 
New base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy newsNew base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy newsKhaled Al Awadi
 
New base issue 1251 special 19 july 2019 energy news
New base issue  1251 special 19 july  2019 energy newsNew base issue  1251 special 19 july  2019 energy news
New base issue 1251 special 19 july 2019 energy newsKhaled Al Awadi
 
New base 08 october 2017 energy news issue 1081 by khaled al awadi
New base 08 october 2017 energy news issue   1081  by khaled al awadiNew base 08 october 2017 energy news issue   1081  by khaled al awadi
New base 08 october 2017 energy news issue 1081 by khaled al awadiKhaled Al Awadi
 
New base 721 special 04 november 2015
New base 721 special  04 november 2015New base 721 special  04 november 2015
New base 721 special 04 november 2015Khaled Al Awadi
 
Ne base 01 april 2018 energy news issue 1154 by khaled al awadi
Ne base 01 april 2018 energy news issue   1154  by khaled al awadiNe base 01 april 2018 energy news issue   1154  by khaled al awadi
Ne base 01 april 2018 energy news issue 1154 by khaled al awadiKhaled Al Awadi
 
New base 1052 special 17 july 2017 energy news
New base 1052 special 17 july 2017 energy newsNew base 1052 special 17 july 2017 energy news
New base 1052 special 17 july 2017 energy newsKhaled Al Awadi
 
New base special 21 july 2014
New base special  21 july 2014New base special  21 july 2014
New base special 21 july 2014Khaled Al Awadi
 
New base 687 special 15 september 2015
New base 687 special  15 september 2015New base 687 special  15 september 2015
New base 687 special 15 september 2015Khaled Al Awadi
 
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
NewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdfNewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdf
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdfKhaled Al Awadi
 

Similar to New base energy news october 25 2018 no-1209 by khaled al awadi (20)

New base 772 special 25 january 2016
New base 772 special 25 january 2016New base 772 special 25 january 2016
New base 772 special 25 january 2016
 
New base 11 september 2019 energy news issue 1277 by khaled al awadi
New base 11 september 2019 energy news issue   1277  by khaled al awadiNew base 11 september 2019 energy news issue   1277  by khaled al awadi
New base 11 september 2019 energy news issue 1277 by khaled al awadi
 
NewBase 19-December-2022 Energy News issue - 1575 by Khaled Al Awadi_compres...
NewBase 19-December-2022  Energy News issue - 1575 by Khaled Al Awadi_compres...NewBase 19-December-2022  Energy News issue - 1575 by Khaled Al Awadi_compres...
NewBase 19-December-2022 Energy News issue - 1575 by Khaled Al Awadi_compres...
 
New base 784 special 10 februaury 2016
New base 784 special 10 februaury 2016New base 784 special 10 februaury 2016
New base 784 special 10 februaury 2016
 
New base 683 special 09 september 2015
New base 683 special  09 september 2015New base 683 special  09 september 2015
New base 683 special 09 september 2015
 
New base energy news november 26 2018 no-1215 by khaled al awadi
New base energy news november 26 2018 no-1215  by khaled al awadiNew base energy news november 26 2018 no-1215  by khaled al awadi
New base energy news november 26 2018 no-1215 by khaled al awadi
 
New base 1188 special 21 july 2018 energy news
New base 1188 special 21 july  2018 energy newsNew base 1188 special 21 july  2018 energy news
New base 1188 special 21 july 2018 energy news
 
New base 1007 special 02 march 2017 energy news 22
New base 1007 special 02 march 2017 energy news 22New base 1007 special 02 march 2017 energy news 22
New base 1007 special 02 march 2017 energy news 22
 
New base energy news 19 november issue 1296 by khaled al awadi
New base energy news  19  november  issue   1296  by khaled al awadiNew base energy news  19  november  issue   1296  by khaled al awadi
New base energy news 19 november issue 1296 by khaled al awadi
 
New base energy news issue 848 dated 11 may 2016
New base energy news issue  848 dated 11 may 2016New base energy news issue  848 dated 11 may 2016
New base energy news issue 848 dated 11 may 2016
 
New base energy news 27 june 2019 issue no 1255 by khaled al awadi
New base energy news 27 june  2019 issue no 1255  by khaled al awadiNew base energy news 27 june  2019 issue no 1255  by khaled al awadi
New base energy news 27 june 2019 issue no 1255 by khaled al awadi
 
New base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy newsNew base 1059 special 07 august 2017 energy news
New base 1059 special 07 august 2017 energy news
 
New base issue 1251 special 19 july 2019 energy news
New base issue  1251 special 19 july  2019 energy newsNew base issue  1251 special 19 july  2019 energy news
New base issue 1251 special 19 july 2019 energy news
 
New base 08 october 2017 energy news issue 1081 by khaled al awadi
New base 08 october 2017 energy news issue   1081  by khaled al awadiNew base 08 october 2017 energy news issue   1081  by khaled al awadi
New base 08 october 2017 energy news issue 1081 by khaled al awadi
 
New base 721 special 04 november 2015
New base 721 special  04 november 2015New base 721 special  04 november 2015
New base 721 special 04 november 2015
 
Ne base 01 april 2018 energy news issue 1154 by khaled al awadi
Ne base 01 april 2018 energy news issue   1154  by khaled al awadiNe base 01 april 2018 energy news issue   1154  by khaled al awadi
Ne base 01 april 2018 energy news issue 1154 by khaled al awadi
 
New base 1052 special 17 july 2017 energy news
New base 1052 special 17 july 2017 energy newsNew base 1052 special 17 july 2017 energy news
New base 1052 special 17 july 2017 energy news
 
New base special 21 july 2014
New base special  21 july 2014New base special  21 july 2014
New base special 21 july 2014
 
New base 687 special 15 september 2015
New base 687 special  15 september 2015New base 687 special  15 september 2015
New base 687 special 15 september 2015
 
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
NewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdfNewBase April 28-2022  Energy News issue - 1509  by Khaled Al Awadi.pdf
NewBase April 28-2022 Energy News issue - 1509 by Khaled Al Awadi.pdf
 

More from Khaled Al Awadi

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

More from Khaled Al Awadi (20)

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

Recently uploaded

Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdfOrient Homes
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creationsnakalysalcedo61
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechNewman George Leech
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiFULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiMalviyaNagarCallGirl
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Servicediscovermytutordmt
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxgeorgebrinton95
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...lizamodels9
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 

Recently uploaded (20)

Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdf
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creations
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman Leech
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | DelhiFULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
FULL ENJOY - 9953040155 Call Girls in Chhatarpur | Delhi
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
Call Girls in Gomti Nagar - 7388211116 - With room Service
Call Girls in Gomti Nagar - 7388211116  - With room ServiceCall Girls in Gomti Nagar - 7388211116  - With room Service
Call Girls in Gomti Nagar - 7388211116 - With room Service
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptxBanana Powder Manufacturing Plant Project Report 2024 Edition.pptx
Banana Powder Manufacturing Plant Project Report 2024 Edition.pptx
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 

New base energy news october 25 2018 no-1209 by khaled al awadi

  • 1. Copyright © 2018 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 Energy News 25 October 2018 - Issue No. 1209 Senior Editor Eng. Khaled Al Awadi NewBase For discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Saudi Aramco signs 15 (MoUs) at the Future Investment Initiative (FII) Forum worth $34 billion Source: Saudi Aramco At the highly impactful Future Investment Initiative (FII) forum, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US$34 billion with 15 international partner companies and entities from eight countries in 3 continents. These collaborations reflect the range and ambition of Saudi Aramco’s business interests, reinforcing its position as the world’s preeminent energy and chemicals company. The MOUs reflect both Saudi Aramco’s and the Kingdom’s international partnership strategies and the determination to diversify the economy, enhance the domestic investment environment and boost employment opportunities. The MOUs support Saudi Aramco’s forward-looking strategy across business units, including downstream, offshore, and engineering. It engages with companies representing eight countries
  • 2. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 2 including major businesses in France, China, the U.S., Japan, the UAE, the United Kingdom, South Korea and India. A number of these MOUs will enhance the In-Kingdom Total Value Add (iktva) program, Saudi Aramco’s flagships initiative to improve the domestic supply chain, its operations and its employment potential, through greater commercial engagement with Saudi businesses. Iktva’s localization objective is to achieve 70% of locally supplied goods and services by 2021. In the area of job creation, Saudi Aramco has proactively pursued opportunities to pilot the high value job creation in the Kingdom, increasing opportunities for Saudi citizens over the next 10-15 years with anchor projects, including the King Salman International Complex for Maritime Industries and Service in Ras Al Khair which will generate in the region of 30,000 direct and 50,000 indirect jobs. The MOUs and commercial collaborations signed are: 1. MOU with Total to launch engineering studies to build petrochemical complex in Jubail, KSA 2. MOU with Total regarding the potential establishment of a retail service station network 3. MOU with Hyundai Heavy Industries regarding potential HHI investments in King Salman International Maritime Complex for Industries and Services at Ras Al Khair 4. MOU with Baker Hughes GE 5. MOU with Schlumberger 6. MOU with Halliburton 7. MOU with Oilfield Supply Center 8. MOU with Flex-Steel to invest in RTP reinforced thermoplastic pipe facility
  • 3. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 3 9. MOU with NPCC (National Petroleum Construction Company, UAE) to invest in a fully integrated fabrication yard and marine base 10.MOU with SeAH Changwon Integrated Specialty Steel Co. Limited to invest in localization of engineering steel 11.MOU with GumPro (India) to invest in drilling chemicals facility 12.MOU with Acwa Power (KSA) and Air Product (USA) regarding the Jazan Refinery gasification power project 13.MOU with Sumitomo (Japan) regarding potential investments to upgrading PetroRabigh Refinery 14.MOU with Norinco (China) regarding potential investments in refining and chemicals projects 15.MOU with NOV (USA) to invest in manufacturing and repair of onshore rigs and equipment The Future Investment Initiative is an ideal platform to attract international investments and to capitalize on emerging new opportunities that are fast emerging with Vision 2030. Saudi Aramco is playing a pivotal role, alongside many national stakeholders, in enabling new industrial and business partnerships in the Kingdom thanks to its position as a global energy powerhouse, and as reflected in our major investments and partnerships globally, not only in core oil and gas and downstream, but also in pursuing advanced technologies and energy-related value adding activities. Saudi Arabia’s infrastructure, both physical and digital, has witnessed an extraordinary advancement. This is integral to today’s advanced industrial activities. It attracts investors and enhances the fundamental competitiveness of the Saudi economy.
  • 4. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 4 Saudi Aramco Signals Chemical Ambitions Beyond 70B$ Sabic Deal Bloomberg - Javier Blas Saudi Aramco’s chief executive officer said he has bigger ambitions in petrochemicals beyond the planned $70 billion acquisition of a strategic stake in local company Sabic, touting plastics as a key hedge against an electric-car driven slowdown in global oil demand growth. "We still have to do more," Amin Nasser, chief executive officer of state-owned Aramco, said in an interview in Riyadh. Nasser’s comments are the latest signal Aramco is transforming from a giant oil producer into a vertically integrated energy company, mirroring a shift that major publicly-listed companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc performed years ago. The shift comes as the International Energy Agency forecast that demand for petrochemicals -- the building blocks for plastics -- will become the largest force in global oil demand growth, out-pacing consumption from cars, planes and trucks. "Our strategy is to be the leader in energy and chemicals, not only in energy,” Nasser said while attending an investing conference in Riyadh. "We will be the leader in chemicals.” The IEA, the energy watchdog for industrialized nations, forecast that petrochemicals will account for more than a third of the growth in global oil demand until 2030, and about half the growth to 2050.
  • 5. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 5 In particular, Nasser wants to increase the percentage of each barrel the company refines that’s then transformed into petrochemicals. "We are aiming for more integration," he said, referring to the chain running from oilfields through refineries and into petrochemical plants. "Instead of four to seven percent crude to chemicals, that’s the normal integration, we are looking at 25, 30, 35 percent. More integration is the way forward." Within the oil industry, petrochemical units have often been marginal to the bottom line, but when oil prices plunged in 2015 and 2016, the calculus changed for majors like Exxon, Shell and Total SA. Producing petrochemicals is usually more profitable when energy prices fall, making the feedstock cheaper. Still, chemical businesses traditionally don’t deliver the fat margins that pumping crude and gas does. Aramco is negotiating buying the 70 percent stake that the country’s sovereign wealth fund owns in Sabic, formally known as Saudi Basic Industries Corp. The stake is worth about $70 billion at current market prices. The other 30 percent of Sabic is listed in the Saudi stock market, the Tadawul, and Aramco doesn’t plan to buy it. The Aramco-Sabic deal, which is unlikely to close until next year, would channel billions of dollars into the Saudi sovereign wealth fund, giving it the cash it had hoped to obtain from the now delayed initial public offering of Aramco. Riyadh has postponed the IPO, expected to be the world’s largest ever, from 2018 to late 2020 or early 2021. Read: Interview with Saudi Arabia’s Crown on prospects for Aramco IPO Although Aramco isn’t buying the whole company, Nasser said that the 70 percent that it’s likely to purchase would secure significant cost-savings. "A lot of synergies will be extracted, because we already supply the feedstock. At 70 percent you can do a lot of synergies." Nasser, a petroleum engineer who has run Aramco since 2015 when he took over from now energy minister Khalid Al-Falih, declined to comment on how much Aramco will pay for Sabic, saying the state-owned oil company was still performing due diligence on the chemical group. On top of the Sabic deal, Aramco earlier this year paid about $1.6 billion for the 50 percent it didn’t already owned in a joint-venture with German chemicals group Lanxess AG. Earlier this month, it signed a preliminary deal with Total to invest $9 billion to build a chemical plant alongside a refinery in Saudi Arabia. Last year, Aramco started the Sadara complex, a giant $20 billion chemical plant that it built in the kingdom in partnership with Dow Chemical Co. When the company reshuffled its board of directors earlier this year, it appointed three people with experience in the sector, including the former CEO of Dow Chemicals, Andrew Liveris. Still, Nasser said that pumping oil -- known in the industry as the upstream part of the business -- will remain the core of Aramco, which produces about one-in-ten barrels extracted worldwide everyday. "Upstream is still the major element in Aramco. We have an advantage in costs," he said.
  • 6. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 6 UAE: Enoc plans $2bn in investment after refinery expansion The National - Jennifer Gnana Emirates National Oil Company is looking to invest up to $2 billion next year as it explores potential to develop a liquefied petroleum gas terminal in Bangladesh this year, its chief executive said. After expansion of its refinery in Jebel Ali, Enoc is targeting $1 to $2bn in investments, Saif Al Falasi told The National. The outlay excludes investments by its exploration and production subsidiary Dragon Oil. “Dragon Oil has $14bn [planned investment] because they have existing oilfields and they have to continue spending on the oilfields and they have to continue spending to produce oil,” said Mr Al Falasi. “In Egypt we have concessions, it depends on going there and drilling and recovering. [We're also moving] into jet fuel expansion." The Dubai energy company, which has the largest refinery in the emirate, has been eyeing new opportunities to trade products in Africa as well as entering the fuel retail business in Saudi Arabia. Enoc bought Dragon Oil in 2015 for about $2.6bn in a bid to diversify its income and expand into energy production. The company, which operates petrol service stations, is also involved in energy trading. In the UAE, which accounts for 4.2 per cent of global crude output, Dragon Oil is still considering its domestic options as licensing rounds begin in Abu Dhabi, Sharjah and Ras Al Khaimah. “Dragon Oil has done a study on concessions in the UAE but it is too early to take a judgment whether we’re interested or not, but [we’re] is still interested in studying,” said Mr Al Falasi. Enoc is also expanding its remit with an eye on an LPG project in Bangladesh and the expansion of its jet fuel business into Nigeria and Egypt. “We’re still in discussions with the government [in Bangladesh], we have agreed to study the business, we will sign the [preliminary agreement] to study the project, the area and the plan for [the] terminal,” said Mr Al Falasi. "It’s a potential business for Bangladesh and depends on the size of the terminal. It will be signed even before the end of this year." Enoc, which is undertaking an upgrade of its condensate refinery at Jebel Ali to 210,000 barrels per day from 140,000 bpd, will complete the project by the end of the year, he added. “We have a big volume of trading [of] $250 million, [and] with the expansion of the refinery we will have an increase [in capacity]," said Mr Al Falasi. While declining to be specific on offtake agreements Enoc was considering, Mr Al Falasi said that much of the company’s trading came from the Far East. Enoc is also involved in jet fuel trading and it signed with the Egyptian General Petroleum Corporation a commercial agreement last month enabling the Dubai operator to enter this segment in the North African state. The company also signed an agreement in July to boost jet fuel supply in Nigeria. Geographical expansion of its jet fuel business is a priority, said Mr Al Falasi. “We have almost 140 countries to provide jet fuel and we still have some potential to grow in Africa,” he said. In Saudi Arabia, where the company is undertaking refurbishment of fuel service stations, Enoc is close to completing its planned 15 retail units. "Now we’re looking at things much faster, to retrofit stations but for 2018, we would have completed the 15 stations. We have an agreement with a retailer in Saudi Arabia to franchise our brand,” said Mr Al Falasi.
  • 7. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 7 Egypt: TransGlobe announces operations update TransGlobe Energy has announced an update on its operations in Egypt. Updates  Corporate production during the third quarter averaged ~ 14.3 MBoepd and is averaging ~ 14.7 MBoepd to date in October  Drilled two successful oil wells in M Pool in West Bakr, currently producing ~800 Bopd per well.  Cased NWG 38A7 as a potential injector/oil well October 22nd.  Commenced drilling SGZ - 6X exploration well October 23rd targeting a multi-stacked Cretaceous prospect in South Ghazalat.  Received access approval at South Alamein, waiting on final documentation. PRODUCTION Corporate production in Egypt averaged ~12.13 MBoepd during the third quarter and has averaged ~12.32 MBoepd to date in October. Production Summary: OPERATIONS UPDATE, ARAB REPUBLIC OF EGYPT Western Desert In South Ghazalat ('SGZ') the Company commenced drilling SGZ 6X, the second exploration well in the concession on October 23rd. SGZ 6X is located on the eastern portion of the concession offsetting the Raml oil field in the Abu Gharadig basin. The SGZ 6X prospect is targeting stacked Cretaceous oil targets similar to the producing Raml and SW Raml fields. In South Alamein the Company has received notification from the military that access will be granted to drill the South Alamein 24X Jurassic exploration prospect. The Company has submitted the
  • 8. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 8 required documentation and is awaiting final written approval which is expected prior to year- end. Concurrently, the Company initiated preparations to drill SA 24X as part of the 2019 exploration program. Eastern Desert In West Bakr, the Company drilled a two well infill program in the M field resulting in two oil wells during August/September. The M-North and M-South wells were initially placed on production in September at rates of ~500 Bopd per well. Both of these wells continue to exceed internal pre- drill estimates and are currently producing ~800 Bopd per well following pump optimization work during October. Following M-South, the rig was moved to NW Gharib 38A-7 to drill a potential water injector in the NWG 38A pool. The NWG 38A-7 well was drilled as a potential water injector targeting the 38A Red Bed pool in a structurally lower position 0.4 kilometers south of the NWG 38A Injector well (NWG 38A-I, drilled Q2). The NWG 38A-I well encountered oil in the targeted Red Bed formation and was placed on production in September at an initial rate of ~110 Bopd (following a fracture stimulation) and is currently producing ~80 Bopd. The NWG 38A-7 well encountered the Red Bed formation, which appears to contain both oil and water, however the well was cased, due to deteriorating wellbore conditions prior to acquiring definitive fluid samples. The NWG 38A-7 well will be completed during November and depending on the production results will be another oil producer or converted to water injection well to support the NWG 38A oil pool. In the event NWG 38A-7 is an oil producer, the Company has planned an additional well (NWG 38A-8) further south as a contingency for reservoir pressure support.
  • 9. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 9 Iran has produced and exported less crude oil since sanctions announcement Source: U.S. Energy Information Administration, Short-Term Energy Outlook, October 2018; ClipperData Iran's crude oil exports and production have declined since the May 2018 announcement by the United States that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions against Iran. Note: Liquid fuels production includes crude oil, lease condensate, hydrocarbon gas liquids, biofuels, and refinery processing gain. The announcement included two wind-down periods to allow those doing business that involved Iran time to comply. On August 6, 2018, the first wind-down period ended and triggered the re- imposition of some sanctions. On November 4, 2018, the second wind-down period will end and trigger the re-imposition of full sanctions, including a number of measures that target Iran’s energy sector. According to data from ClipperData, Iran's exports of crude oil and condensate peaked in June at about 2.7 million barrels per day (b/d), more than 300,000 b/d higher than the average during the first four months of the year (before the May announcement of sanctions). In September, Iran’s crude oil and condensate exports fell to 1.9 million b/d. Although some countries, such as France and South Korea, stopped importing crude oil and condensate from Iran in July, other countries continue to import from Iran. The United States has not imported crude oil and condensate from Iran in several decades.
  • 10. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 10 Source: U.S. Energy Information Administration, based on ClipperData ClipperData indicates that China and India collectively received nearly half of Iran's crude oil and condensate exports in the first half of 2018. During this period, China's imports from Iran averaged 644,000 b/d and India's imports from Iran averaged 554,000 b/d. In September, China's imports from Iran dropped to 441,000 b/d, the second lowest level since December 2015, while India's imports from Iran were 576,000 b/d. Whether Iran's energy exports are declining entirely because of the sanctions or for other reasons is unclear. Trade press reports indicate a willingness on India's part to at least partially comply with the sanctions, but China had continued to import from Iran even when previous sanctions were in effect. In response to the announcement of sanctions by the United States, the European Union passed a statute to protect European companies doing business in Iran from the effects of U.S. sanctions. Despite this effort, data from ClipperData indicate that France has not imported any crude oil or condensate from Iran since June. In addition, Italy’s and Spain’s imports from Iran in September were 27,000 b/d and 15,000 b/d lower than their averages for the first half of the year. Some countries could continue to import Iran's crude oil and condensate until the November 4 deadline, at which point they might stop importing from Iran. Iran's exports have fallen at a faster rate than production. Shipping operators have decreased operations with Iran, but Iran has continued to export largely through the state-run National Iranian Tanker Company (NITC) and the Islamic Republic of Iran Shipping Lines. Trade press reports indicate that as countries continue to decrease imports from Iran, some of Iran’s shipping fleet is already being used as floating storage, where crude oil is placed onto ships and stored indefinitely. Surplus crude oil production capacity in the Organization of the Petroleum Exporting Countries (OPEC) could be used to replace some of Iran's crude oil barrels that are coming off the market. Saudi Arabia’s Arab Light is similar in composition to Iran Light crude oil and may provide refiners with a possible crude oil that would not require refiners to make significant alterations to their crude slates.
  • 11. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 11 NewBase 25 October 2018 Khaled Al Awadi NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE Oil prices fall amid global stock market slump Reuters + Bloomberg + NewBase Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil futures LCOc1 were at $75.87 a barrel at 0043 GMT, 30 cents, or 0.4 percent, below their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $66.48 a barrel, 34 cents, or 0.5 percent, below their last settlement. “Oil prices fell under extreme selling pressure ... as the steep selloff across stock markets fueled fears over a possible drop in oil demand growth,” said Lukman Otunuga, analyst at futures brokerage FXTM. Oil price special coverage
  • 12. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 12 Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy. In oil, WTI has fallen nearly 10 percent so far this month, while Brent is down nearly 9 percent. Still, oil markets remain nervous ahead of U.S. sanctions against Iran’s crude exports, which kick in from Nov. 4. Bowing to pressure from Washington, China’s oil-majors Sinopec and China National Petroleum Corp (CNPC) have not ordered any oil from Iran for November because of concerns that violating sanctions could impact their global operations. China is Iran’s biggest oil customer. Halting oil Iranian imports means its many refiners will have to seek alternative supplies elsewhere. Some relief could come from the United States, where crude production and storage levels are high. U.S. commercial crude oil stockpiles C-STK-T-EIA rose for a fifth consecutive week last week, increasing by 6.3 million barrels to 422.79 million barrels, the Energy Information Administration said on Wednesday. Output C-OUT-T-EIA remained unchanged at 10.9 million barrels per day (bpd), slightly below a record 11.2 million bpd reached at the start of October.
  • 13. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 13 Oil Slump Highlights Anxiety Over Weak Emerging Markets in 2019 By Alex Longley Just weeks after oil traders were touting $100 a barrel, those predictions now seem a distant memory. Oil is trading more than $10 a barrel lower than it was earlier this month, when it reached a four- year high. More Saudi and Russian crude, higher-than-expected Iranian exports and a sharp drop in gasoline refinery margins are playing a part in the sell-off. Lurking in the background is a much bigger threat: the possibility of the global economy heading into trouble in 2019, curtailing oil demand growth. “Next year’s oil balance is bearish, let’s face it,” said Tamas Varga, an analyst at PVM Oil Associates Ltd. “The dump is understandable, and if the Saudis are actually going to increase production, I don’t think the market will recover.” Here’s a look at the main factors behind the price tumble in recent weeks. Who Will Buy? Traders have pointed to a broader selloff in equity markets as putting pressure on oil prices, spurring concerns about sluggish global economic growth. For emerging markets, that’s especially painful. Crude has reached record prices in the local currencies of Brazil and Turkey this year, while others including India have seen soaring fuel bills. The recent price drop “comes as little surprise with attention now clearly being focused on the weakening economic situation and gloomy demand outlook,” JBC Energy GmbH said in a research note. Pump All You Can
  • 14. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 14 OPEC and its allies are in a “produce as much as you can mode” in order to replace any looming shortages, Saudi Energy Minister Khalid Al-Falih told an energy conference in Riyadh this week, adding that his country will likely lift output in the coming months. Add to that higher Russian production, a return of Libyan output, and the market is finding healthy supply just at a time when demand is waning. Iran Worries U.S. sanctions snap back on Iran in less than two weeks, and traders have banked on a steep drop in crude supplies from the Islamic Republic. However, buyers of Iranian crude are said to be increasingly confident that they will get at least some waivers when the U.S. measures return on Nov. 4. At the same time, tracking Iranian exports has become trickier as the country’s oil tankers switch off transponders, leading to a higher revision of previous exports as the ship signals reappear. Margin Call
  • 15. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 15 Refineries are feeling the slump in demand as well. In Europe gasoline cracks this month dropped to the lowest level since 2013, while those margins in the U.S. reached a 2-year low. Add to that a market structure that indicates short-term weakness, and there are plenty of signs of stress on physical supplies. “The refinery margins are hurting, and that is just because there is not enough demand to absorb all the products, especially gasoline,” said Petromatrix GmbH Managing Director Olivier Jakob. Technical Tumble Compounding oil’s suddenly bleaker outlook was a sudden crash through major technical hurdles. Brent slumped quickly through its 50-day and 100-day moving averages on Tuesday for the first time since August. That could pave the way lower to the next major psychological barrier, the 200- day moving average, which is around $74 a barrel, according to CMC markets analyst Michael Hewson. It’s a move that may have room to run, with Brent not yet oversold on its 14-day Relative Strength Index.
  • 16. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 16 NewBase Special Coverage News Agencies News Release 08 October 2018 -2018 Energy Efficiency 2018, Analysis and outlooks to 2040 "Efficiency can enable economic growth, reduce emissions and improve energy security. The right efficiency policies could enable the world to achieve more than 40% of the emissions cuts needed to reach its climate goals without new technology." Fatih Birol, Executive Director, IEA Energy efficiency can bring significant economic, social and environmental benefits. But while energy efficiency is improving around the world, its positive impact on global energy use is overwhelmed by rising economic activity across all sectors. Energy Efficiency 2018 looks at why efficiency’s massive potential remains untapped, and through the new Efficient World Scenario explores what would happen if countries maximized all available cost-effective efficiency potential between now and 2040, highlighting what policy makers can do to realise this opportunity. The impact of efficiency policies has been significant over the last decades. Globally, efficiency gains since 2000 prevented 12% more energy use than would have otherwise been the case in 2017. Energy efficiency is a major driver for uncoupling energy consumption from economic development.
  • 17. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 17 But that's still not enough Since 2000, these improvements in the world’s major economies have offset more than a third of the rise in energy-intensive activities. But the positive impact of efficiency policies has been overwhelmed by fast-growing economic activities in emerging countries that boost energy demand. As a result, growth in energy use is accelerating Global energy demand rose by nearly 2% in 2017. This was the fastest rise this decade, driven by economic growth and changes in consumer behaviour.
  • 18. Copyright © 2018 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 18 Missed opportunities The world is missing opportunities to improve energy efficiency and today's policies are not delivering the full potential gains that are cost-effective and use current technology. This delayed action on energy efficiency ends up locking in inefficiencies that mean much stronger action needs to be taken in the future. With stronger policies in place, last year the world could have saved more than … The Efficient World Scenario So what will the world look like if between now and 2040 countries implemented all the economically viable energy efficiency potential that is available? The potential is demonstrated by the Efficient World Scenario developed by the IEA World Energy Outlook. The Efficient World Scenario (EWS) shows a world with 20% more people, 60% more building space and double the GDP, all for a marginal energy demand rise. The EWS also fully delivers the energy efficiency target of UN Sustainable Development Goal 7. All of the measures implemented in this scenario are cost-effective, based on energy savings alone, and use technologies that are readily available today. Significant energy productivity Under the EWS, the amount of global GDP produced for each unit of energy could double between now and 2040, for only a marginal increase in global energy demand.
  • 19. Copyright © 2018 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 19 Immediate environmental benefits The EWS would result in a peak in energy-related greenhouse gas emissions before 2020, followed by a fall by 12% in 2040 compared with today - equal to over 40% of the abatement required to be in line with Paris targets. The EWS would also cut key air pollutants such as sulphur dioxide, nitrogen oxides and particulate matter by one third compared to today. In particular, more efficient cooking could help reduce premature deaths from household air pollution by almost 1 million per year in 2040 in comparison with the IEA New Policies Scenario (NPS). Energy savings in emerging economies Emerging economies could become 50% less energy intensive under the EWS, with China and India accounting for one third of total energy demand in 2040. These two countries would also account for over one third of the total energy demand savings, which would translate into savings of nearly $500 billion in fossil fuel imports.
  • 20. Copyright © 2018 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 20 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 NewBase energy news is produced daily (Sunday to Thursday) and sponsored by Hawk Energy Service – Dubai, UAE. For additional free subscription emails please contact Hawk Energy Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010 Mobile: +97150-4822502 khdmohd@hawkenergy.net khdmohd@hotmail.com Khaled Al Awadi is a UAE National with a total of 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 October 2018 2018 K. Al Awadi
  • 21. Copyright © 2018 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 21
  • 22. Copyright © 2018 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 22 For Your Recruitments needs and Top Talents, please seek our approved agents below